-
Analytics: 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.
-
-
India extends IFRS 17 implementation deadline to April 2027: report
IRDAI had earlier set an April 2025 deadline for the implementation of the new accounting regime in the insurance sector.
India extends IFRS 17 implementation deadline to April 2027: report
IRDAI had earlier set an April 2025 deadline for the implementation of the new accounting regime in the insurance sector.
IRDAI had earlier set an April 2025 deadline for the implementation of the new accounting regime in the insurance sector.
-
SRG taps Marsh veteran Collin Yap as APAC chief executive
Singapore-based Yap was previously CEO of Marsh McLennan Singapore and will start in his new role in 2025.
SRG taps Marsh veteran Collin Yap as APAC chief executive
Singapore-based Yap was previously CEO of Marsh McLennan Singapore and will start in his new role in 2025.
Singapore-based Yap was previously CEO of Marsh McLennan Singapore and will start in his new role in 2025.
-
XL Reinsurance China renamed as Axa International Re
The name change is effective October 16 and follows all regulatory approvals including from the National Financial Regulatory Administration for its acquisition.
XL Reinsurance China renamed as Axa International Re
The name change is effective October 16 and follows all regulatory approvals including from the National Financial Regulatory Administration for its acquisition.
The name change is effective October 16 and follows all regulatory approvals including from the National Financial Regulatory Administration for its acquisition.
-
APRA urges carriers to reflect on MGA risks, prioritise 2025 prudential standards
Executive board member Suzanne Smith said that a focus for the regulator in the coming year is the risk associated with outsourced underwriting to agencies.
APRA urges carriers to reflect on MGA risks, prioritise 2025 prudential standards
Executive board member Suzanne Smith said that a focus for the regulator in the coming year is the risk associated with outsourced underwriting to agencies.
Executive board member Suzanne Smith said that a focus for the regulator in the coming year is the risk associated with outsourced underwriting to agencies.
-
Exclusive: WTW restructures Asia political violence terrorism team as regional head exits
Leonard Chan, head of terrorism and political violence, Asia, has recently resigned from the role, InsuranceAsian News can reveal.
Exclusive: WTW restructures Asia political violence terrorism team as regional head exits
Leonard Chan, head of terrorism and political violence, Asia, has recently resigned from the role, InsuranceAsian News can reveal.
Leonard Chan, head of terrorism and political violence, Asia, has recently resigned from the role, InsuranceAsian News can reveal.
-
HDI Global names Adriana Giometti as market manager in Australia
Sydney-based Giometti will be in charge of major accounts practice, strategic agreements and German international programmes.
HDI Global names Adriana Giometti as market manager in Australia
Sydney-based Giometti will be in charge of major accounts practice, strategic agreements and German international programmes.
Sydney-based Giometti will be in charge of major accounts practice, strategic agreements and German international programmes.
-
Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
-
Harry Edwards succeeds Céline Peredy as Allianz Trade’s Asean hub commercial director
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
Harry Edwards succeeds Céline Peredy as Allianz Trade’s Asean hub commercial director
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
-
APAC insurers take to climate transition, private market investment strategies
There is almost a consensus on increasing allocation to alternatives and a step change in Asia Pacific insurers’ commitment towards transition investment, according to BlackRock's Kimberly Kim.
APAC insurers take to climate transition, private market investment strategies
There is almost a consensus on increasing allocation to alternatives and a step change in Asia Pacific insurers’ commitment towards transition investment, according to BlackRock's Kimberly Kim.
There is almost a consensus on increasing allocation to alternatives and a step change in Asia Pacific insurers’ commitment towards transition investment, according to BlackRock's Kimberly Kim.
-
Mitsui Sumitomo to offer Australia cyber capacity to Coalition
The multi-year agreement, starting January 1, 2025, will include collaboration on cybersecurity solutions for small and medium-sized enterprises in Japan.
Mitsui Sumitomo to offer Australia cyber capacity to Coalition
The multi-year agreement, starting January 1, 2025, will include collaboration on cybersecurity solutions for small and medium-sized enterprises in Japan.
The multi-year agreement, starting January 1, 2025, will include collaboration on cybersecurity solutions for small and medium-sized enterprises in Japan.
-
Howden strengthens Asia consulting team with London move
Giles Haythornthwaite will relocate to Singapore as associate director for Howden Markets Asia.
Howden strengthens Asia consulting team with London move
Giles Haythornthwaite will relocate to Singapore as associate director for Howden Markets Asia.
Giles Haythornthwaite will relocate to Singapore as associate director for Howden Markets Asia.
-
Hong Kong to foster marine insurance amid effort to consolidate global risk management centre status
The SAR government will encourage leading marine insurers to establish presence in the city and develop marine insurance talents, chief executive John Lee says in policy address.
Hong Kong to foster marine insurance amid effort to consolidate global risk management centre status
The SAR government will encourage leading marine insurers to establish presence in the city and develop marine insurance talents, chief executive John Lee says in policy address.
The SAR government will encourage leading marine insurers to establish presence in the city and develop marine insurance talents, chief executive John Lee says in policy address.
-
‘Insurers need to take more risks’: Axa’s de Courtois
The deputy group CEO tells IAN that the industry needs to go against its traditional approach to risk as climate change and cyber rise as top risks for APAC.
-
BESS-wary markets look for leadership to bind risks
Renewables specialist GCube's CEO says the market has to facilitate insurance on a more consistent approach as more projects appear around the world.
-
Hurricane Milton’s strength and track makes a revision of APAC renewals a near certainty
Insured losses from the “catastrophic” storm is predicted to top US$60bn as it heads for populous Tampa, which will complicate the upcoming renewals.
-
Regulatory recognition key for MGAs to take off in Asia
Tech-enabled MGAs are gaining ground in China and climate change is spurring innovations in Australia, but their success hinges on supervisory approaches.
Spotlight
-
Secondary perils are the risk of the future: Munich Re’s Serene Chan
-
Seadrif targets Asean expansion as it ramps up advocacy to tackle bottlenecks
-
Hong Kong’s Asia Insurance buoyant on D&O as reforms unleash demand
-
Pacific islands cat pool PCRIC mulls expansion into private sector cover
-
Blue Marble plans Asia expansion to bring insurance to the underserved
M&A
-
XL Reinsurance China renamed as Axa International Re
-
Central Bank of India’s acquisition of stake in Generali JVs gets antitrust approval
-
Specialist Risk Group makes Asia foray with Singapore acquisition
-
Allianz, NTUC Enterprise and Income to review government’s objections to the deal
-
Singapore government rejects Allianz-Income deal
ESG
-
APAC insurers take to climate transition, private market investment strategies
-
Tokio Marine achieves carbon neutrality in FY2023
-
Opinion: What has happened to the ESG agenda?
-
Tokio Marine sets US$317m decarbonisation premium target for FY 2026
-
Q&A: Global warming is creating uncertainty in valuation of physical assets
-
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
-
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
-
SRG taps Marsh veteran Collin Yap as APAC chief executive
Singapore-based Yap was previously CEO of Marsh McLennan Singapore and will start in his new role in 2025.
-
HDI Global names Adriana Giometti as market manager in Australia
Sydney-based Giometti will be in charge of major accounts practice, strategic agreements and German international programmes.
-
Harry Edwards succeeds Céline Peredy as Allianz Trade’s Asean hub commercial director
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
-
Howden strengthens Asia consulting team with London move
Giles Haythornthwaite will relocate to Singapore as associate director for Howden Markets Asia.
-
Scor promotes Paula Bourke to CEO of life and health for ANZ
Sydney-based Bourke was most recently the reinsurer's regional deputy CEO and global head of proposition and innovation, L&H.
-
Sedgwick appoints ex FWD Singapore CEO as Asia finance director
Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.
-
AIG hires Jules Sperring as APAC head of commercial property & business pack
Sperring joins from Allied World and will continue to be based in Singapore.
-
Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
-
Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
-
Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
-
Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
-
Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak Re
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied World
Indexing Covered Calls for Insurance
Priscilla Luk, Managing Director of Global Research & Design, Asia Pacific at S&P Dow Jones IndicesIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
IFRS 17: "Rather than looking for temporary workarounds and tactical solutions, the efficiency of the whole end-to-end (E2E) financial reporting chain will need to be reengineered."
Martyn van Wensveen, EY