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Cyber insurance more critical for smaller businesses than larger businesses: Coalition’s Wares
The best approach to mitigate cyber risks would be to 'buy cyber insurance' as breaches can be devastating for SMEs and can lead to business shutdowns.
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Despite benign Q3, global insured losses in 2025 hit US$114bn: Aon
APAC events that exceeded US$1bn economic losses in Q3 were seasonal floods in China, Typhoon Wipha , Punjab Floods in India and Pakistan.
Despite benign Q3, global insured losses in 2025 hit US$114bn: Aon
APAC events that exceeded US$1bn economic losses in Q3 were seasonal floods in China, Typhoon Wipha , Punjab Floods in India and Pakistan.
APAC events that exceeded US$1bn economic losses in Q3 were seasonal floods in China, Typhoon Wipha , Punjab Floods in India and Pakistan.
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Charles Taylor expands marine technical footprint in India, Qatar with Soteria associateship
This collaboration is in addition to the existing associate, SKAAD Insurance Surveyors & Loss Assessors in India.
Charles Taylor expands marine technical footprint in India, Qatar with Soteria associateship
This collaboration is in addition to the existing associate, SKAAD Insurance Surveyors & Loss Assessors in India.
This collaboration is in addition to the existing associate, SKAAD Insurance Surveyors & Loss Assessors in India.
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Weng Joe Wong returns to Markel as cyber and financial lines underwriter
As a professional financial risks and cyber underwriter, Singapore-based Wong will report to Olga Wong, head of Southeast Asia, PFR & cyber.
Weng Joe Wong returns to Markel as cyber and financial lines underwriter
As a professional financial risks and cyber underwriter, Singapore-based Wong will report to Olga Wong, head of Southeast Asia, PFR & cyber.
As a professional financial risks and cyber underwriter, Singapore-based Wong will report to Olga Wong, head of Southeast Asia, PFR & cyber.
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New Zealand adaptation framework will develop national flood map, strengthen climate change legislation
ICNZ has welcomed the framework as an important and necessary first step towards building the country's climate resilience and keeping insurance accessible.
New Zealand adaptation framework will develop national flood map, strengthen climate change legislation
ICNZ has welcomed the framework as an important and necessary first step towards building the country's climate resilience and keeping insurance accessible.
ICNZ has welcomed the framework as an important and necessary first step towards building the country's climate resilience and keeping insurance accessible.
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Australia’s cyclone pool delivers 37% premium cut in highest-risk areas: ARPC
Premiums and quote success rates improve across cyclone-prone regions, with SME policies seeing further reductions.
Australia’s cyclone pool delivers 37% premium cut in highest-risk areas: ARPC
Premiums and quote success rates improve across cyclone-prone regions, with SME policies seeing further reductions.
Premiums and quote success rates improve across cyclone-prone regions, with SME policies seeing further reductions.
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Huntington Advisory ties up with France’s MGT Partners to enhance access to European (re)insurance market
The partnership will offer clients an advisory platform spanning M&A, capital solutions and strategic transactions, with particular emphasis on cross-border opportunities in insurance distribution and consolidation.
Huntington Advisory ties up with France’s MGT Partners to enhance access to European (re)insurance market
The partnership will offer clients an advisory platform spanning M&A, capital solutions and strategic transactions, with particular emphasis on cross-border opportunities in insurance distribution and consolidation.
The partnership will offer clients an advisory platform spanning M&A, capital solutions and strategic transactions, with particular emphasis on cross-border opportunities in insurance distribution and consolidation.
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Aon India elevates Abizar Bohra to head of sports, leisure and entertainment
Bohra was previously senior vice president with the broker for over two years.
Aon India elevates Abizar Bohra to head of sports, leisure and entertainment
Bohra was previously senior vice president with the broker for over two years.
Bohra was previously senior vice president with the broker for over two years.
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360 Underwriting acquires agri specialist MGA Crop Risk Underwriting
Sydney-based Crop Risk, which was founded in 2019, offers broadacre insurance, cotton crop (hail and fire) insurance and remote-sensed fire insurance for perennial trees and vines.
360 Underwriting acquires agri specialist MGA Crop Risk Underwriting
Sydney-based Crop Risk, which was founded in 2019, offers broadacre insurance, cotton crop (hail and fire) insurance and remote-sensed fire insurance for perennial trees and vines.
Sydney-based Crop Risk, which was founded in 2019, offers broadacre insurance, cotton crop (hail and fire) insurance and remote-sensed fire insurance for perennial trees and vines.
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Q3 nat cat losses at two-decade low of US$50bn: Gallagher Re
In terms of insured losses, the third quarter by itself tentatively produced less than US$15bn in insured losses and was the lowest total since 2016.
Q3 nat cat losses at two-decade low of US$50bn: Gallagher Re
In terms of insured losses, the third quarter by itself tentatively produced less than US$15bn in insured losses and was the lowest total since 2016.
In terms of insured losses, the third quarter by itself tentatively produced less than US$15bn in insured losses and was the lowest total since 2016.
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China’s plan to tighten commission controls for non-motor market to improve pricing: Fitch
New measures, which will take effect on November 1, aim to shift competition away from commission-driven sales toward profitability and risk-based pricing discipline.
China’s plan to tighten commission controls for non-motor market to improve pricing: Fitch
New measures, which will take effect on November 1, aim to shift competition away from commission-driven sales toward profitability and risk-based pricing discipline.
New measures, which will take effect on November 1, aim to shift competition away from commission-driven sales toward profitability and risk-based pricing discipline.
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Gallagher Australia appoints Rafael Quijada as client manager for energy
Perth-based Quijada transitions to energy insurance after spending over two decades in the energy sector, most recently at Halliburton.
Gallagher Australia appoints Rafael Quijada as client manager for energy
Perth-based Quijada transitions to energy insurance after spending over two decades in the energy sector, most recently at Halliburton.
Perth-based Quijada transitions to energy insurance after spending over two decades in the energy sector, most recently at Halliburton.
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Australian insurers demand review of ‘outdated’ public liability laws to ease cost pressure
Insurance Council of Australia has made recommendations for state and territory governments to modernise and unify public liability laws that haven’t been reviewed in almost 25 years.
Australian insurers demand review of ‘outdated’ public liability laws to ease cost pressure
Insurance Council of Australia has made recommendations for state and territory governments to modernise and unify public liability laws that haven’t been reviewed in almost 25 years.
Insurance Council of Australia has made recommendations for state and territory governments to modernise and unify public liability laws that haven’t been reviewed in almost 25 years.
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‘On the cusp of transformation’: AI creates a need for ‘product evolution’ in cyber insurance
The insurance industry has a key role to play in responding to the rapidly evolving threat of AI enabled cyber attacks, says Singapore's Cyber Security Agency's Veronica Tan.
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High-profile breaches propel cyber insurance adoption in APAC: Beazley
Clients are advancing beyond awareness and assessing operational and financial cyber risk exposures, says regional cyber lead Teck Sion Ng.
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AI adoption increases risks for cyber insurers: Axa XL
The rollout of AI technologies, a rapidly evolving data privacy landscape in Asia and increased threat actor activity are driving the cyber market in the region, says regional cyber head Sam Bye.
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Demand for tailor-made solutions to rise: Guy Carpenter’s Tony Gallagher
Reinsurance broker's regional CEO says that 2026 program discussions will focus on structure, managing volatility and growth.
Between The Lines
A fortnightly podcast that unpacks the pivotal stories and trends shaping the (re)insurance industry across Asia Pacific.
Spotlight
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Japanese offshore wind a ‘big opportunity’ for (re)insurers: Tokio Marine
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‘We have to roll with the punches’: testing time for evolving renewable energy market, Tokio Marine GX’s Will Hiller says
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Mapfre Re targets billion-euro Asian GWP milestone: Javier Sánchez Cea
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‘Opportunity is always in China’: rapid industrial growth ups ante for (re)insurance market: Rare Earth’s Wei Wang
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Asean trio top IUMI’s emerging ‘wish list’ ahead of Singapore conference
M&A
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Huntington Advisory ties up with France’s MGT Partners to enhance access to European (re)insurance market
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360 Underwriting acquires agri specialist MGA Crop Risk Underwriting
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Howden acquires Kiwi broker Omni in continuing Pacific expansion
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Tokio Marine has more than US$10bn for international acquisitions: report
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Gallagher Insurance NZ acquires Auckland-based brokerage 2Insure
ESG
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Carbon credit specialist Oka launches in Singapore
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‘You can’t do it as a hobby’: ESG must be a clear business model with easily measurable targets
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Carbon specialist Kita expands into Australia
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Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
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Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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Weng Joe Wong returns to Markel as cyber and financial lines underwriter
As a professional financial risks and cyber underwriter, Singapore-based Wong will report to Olga Wong, head of Southeast Asia, PFR & cyber.
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Aon India elevates Abizar Bohra to head of sports, leisure and entertainment
Bohra was previously senior vice president with the broker for over two years.
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Gallagher Australia appoints Rafael Quijada as client manager for energy
Perth-based Quijada transitions to energy insurance after spending over two decades in the energy sector, most recently at Halliburton.
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QBE Re taps Berkley Re’s Cindy Foo as head of treaty for Asia in regional growth push
In the newly created role, Singapore-based Foo will report to Abdallah Balbeisi, executive director of Europe and growth markets.
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Allianz Trade promotes Yusuke Hata to regional head of Japan desk for North Asia and Singapore
Hata was previously sales manager for the firm since joining the trade credit insurer in 2022.
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Texel Asia expands broking team with double appointment
Jaime Stork joined as an associate director, while Brandon Woo will join as a broker and will report to Angela Chang, managing director of Texel Asia.
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Aon names Simon Chisholm as Asia reinsurance solutions chairman
Singapore-based Chisholm will report to Asia CEO Soeren Soltysiak and will have focus on deepening relationships with key clients in Japan and Thailand.
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Ramon Zandueta, ex-Marsh Philippines CEO, takes the helm at KRM Re
Zandueta, who took charge of the Filipino broker last month, was most recently president and CEO of Oona Philippines.
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Marsh Pacific names Steven Cakaric as head of sales in ongoing leadership rejig
With 25 years of experience, Melbourne-based Cakaric was most recently director for national client solutions at Mercer Marsh Benefits.
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Scott Luxford joins Markel to manage Australian distribution
Luxford, who joins from agri MGA Harland Green, will be head of distribution and MGA strategy.
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Lloyd’s Asia surpasses US$1bn GWP milestone in 2024 amid double-digit growth
Offshore fund demonstrates strong performance despite challenges in the Singapore unit and varied underwriting results across business lines.
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Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
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Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
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Australian intermediated premiums grow 8.2% in 2023-24
While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.
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Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
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Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
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APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
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Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
Building resilience and mitigating risk in APAC's commercial property insurance market
Martin Au-Yeung, Vice President, Division Underwriting Manager at FM
Insurance broker market in Asia
Neelay Patel, Managing Director & Head of Growth, Asia at Aon
Aviation : ''Without a deeper talent pipeline, better training infrastructure, and more rigorous oversight, the region’s capacity to meet rising demand may falter, impacting insurers and operators alike''
Tan Soon Keat, McLarens Aviation