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Light at end of tunnel for Taiwan’s Covid blues
P&C carriers paid out US$7bn in 2022, however, the expiration of policies in June could be a turning point for the market.
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Integra signs partnership with Vietnam’s VIA
The loss adjusters will collaborate on losses emanating from a host of specialty lines.
The loss adjusters will collaborate on losses emanating from a host of specialty lines.
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Suncorp misses H1 cat allowance by US$69m, books 94.5% Australia COR
Australian insurance profits rose 142%, helped by a US$104m Covid BI provision release.
Australian insurance profits rose 142%, helped by a US$104m Covid BI provision release.
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Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker & McKenzie and funded by litigation funding company Omni Bridgeway.
The lawsuit against the insurer was filed by Baker & McKenzie and funded by litigation funding company Omni Bridgeway.
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Japan’s hardening markets force cedents to review reinsurance plans: S&P
The consolidated net income of Tokio Marine, MS&AD, and Sompo will decrease year on year in FY 2022.
The consolidated net income of Tokio Marine, MS&AD, and Sompo will decrease year on year in FY 2022.
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Andrew Harris to lead reinsurance for Oneglobal Singapore
Market veteran Harris will provide capital and placement solutions for climate change-affected nat cat risk exposures across Asia Pacific.
Market veteran Harris will provide capital and placement solutions for climate change-affected nat cat risk exposures across Asia Pacific.
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Gallagher continues deal spree with Melbourne broker buy
Professional Insurance Solutions, led by John Whiteside, was set up in 2008 and is focused on SME clients.
Professional Insurance Solutions, led by John Whiteside, was set up in 2008 and is focused on SME clients.
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Sam Cheng joins Axa XL as Hong Kong head of financial lines
Cheng, who has over 20 years of P&C experience, will oversee the development of international financial lines across Greater China.
Cheng, who has over 20 years of P&C experience, will oversee the development of international financial lines across Greater China.
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WTW appoints Nicky Eveleigh as New Zealand P&C leader
Based in Auckland, Eveleigh reports to the broker's country leader Michael Brown.
Based in Auckland, Eveleigh reports to the broker's country leader Michael Brown.
Regulatory challenges and opportunities for insurers in 2023
Erik Bleekrode, KPMG-
India’s appeal grows amid China pessimism
Global reinsurers and Lloyd's syndicates hone in on the market as the IRDAI seeks to cut red tape.
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Retro squeeze pushes Asia reinsurers to more tailored cover
Portfolios exposed to the US, Japan and loss-hit territories saw the highest prices, increased retentions and capacity withdrawal at 1.1. renewals.
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India budget snub a wake up call for United India, Oriental and National
Market experts suggest the decision not to allocate any more capital is part of a plan to merge the P&C players with LIC.
Spotlight
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Allianz seeks to grow Asian P&C mid-market presence
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Generali’s Rob Leonardi eyes leading market position in Malaysia
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Miller bets on APAC with Singapore energy push
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Rate rises and healthy pipeline power Lloyd’s Asia renewable consortium
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Canopius’ Newman: APAC demand and economic fundamentals ‘still very strong’
ESG
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Aon implements OED standard for property reinsurance risk modelling
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Net-zero alliance goes soft on emerging markets
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First net-zero protocol faces backlash for ‘lack of ambition’ and ‘greenwashing’
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Insurers tread a fine line on ESG disclosures as scrutiny intensifies
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Adapting to a new risk environment key in a post-Covid world: AFF
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Allianz’s Climate Risk Lead Bastian Manz explains how its solutions help provide forward-looking insights to deal with the impact of climate change.
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Underwriter Victoria Soo and Senior Risk Analyst Daryl Soh on how credit insurance helps finance infrastructure projects and other ESG investments.
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Andrew Harris to lead reinsurance for Oneglobal Singapore
Market veteran Harris will provide capital and placement solutions for climate change-affected nat cat risk exposures across Asia Pacific.
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Sam Cheng joins Axa XL as Hong Kong head of financial lines
Cheng, who has over 20 years of P&C experience, will oversee the development of international financial lines across Greater China.
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WTW appoints Nicky Eveleigh as New Zealand P&C leader
Based in Auckland, Eveleigh reports to the broker's country leader Michael Brown.
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Swiss Re’s Paul Murray handed global L&H role with Urs Baertschi to head P&C in restructure
Regional president roles, including Murray's APAC and Baertschi's EMEA positions, will not exist from April as reinsurance business splits into global P&C and L&H divisions.
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Omar Ghaznawi to lead Chubb international personal lines, APAC
Joining from the insurer's New York team, he will be in charge of the region's motor, residential, specialty personal and HNW lines.
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Marsh Asia in construction leadership shake-up
Asia energy and power sales head Chris Bickerstaff takes on regional leader role from Stephen Boddington who becomes chief client officer.
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Axa XL appoints Dan Bryan head of Asia, reinsurance
Axa XL's head of treaty underwriting for Asia replaces Ann Chua who becomes a special adviser.
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AIG hires from Berkley Insurance Asia for Hong Kong casualty role: sources
IAN understands that AIG has found a new head of casualty for Hong Kong and Macau.
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Swiss Re Corporate Solutions appoints distribution manager for Australia and NZ
Sydney-based Gavin White was most recently a global client executive in Chubb Australia & New Zealand's major accounts division.
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Christian Colembera named Everest Insurance Australia MD, head of Pacific
Colembera has most recently been Everest's head of international financial lines and UK branch manager.
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Six tech trends shaping the market in 2023
David Lynch, bolttech
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Confronting inflation to avoid playing catch up at renewals
Mark Senkevics, Swiss Re
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Tracking Asia’s volatile marine market
Jonathan Holmes, AXA XL
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Loss adjusting 2.0 – what does the future hold for this venerable profession?
Chris Panes, McLarens
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Cautious Asian business leaders worry about business risks and aspire to greater resilience
Lucien Mounier, Head of Asia Pacific, Beazley
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An alternative way to weather the hard market
Jonathan Rake, Swiss Re Corporate Solutions
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Asian aviation – gearing up for recovery
Andy Pickford, McLarens
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Asian economic, BI and cyber worries on the rise in 2023
Higher-than-expected inflation and financial market volatility are among the biggest concerns for insureds in the region.
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India’s gaping nat cat protection gap offers scope for carriers
Though it is set to be sixth largest P&C market by 2032, 95% of the country's catastrophe losses were uninsured.
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APAC to drive non-life GWP growth and profitability until 2024
East Asia will perform particularly well despite worsening macroeconomic challenges, says Swiss Re economist.
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APAC nat cat damage 43% below average for H1
Flooding in Australia/China and an earthquake in Japan accounted for nearly half of these losses.
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Asian cat losses up 145% since 2017
Models show that (re)insurers should expect even higher losses as exposures rise, according to data provider Verisk.
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Asia marine premium growth offset by higher claims
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
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Asia P&C claims continue to outpace price rises
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
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Inflation and climate change ramp up pressure on APAC reinsurers
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
Regulatory challenges and opportunities for insurers in 2023
Erik Bleekrode, KPMG
Making actuarial outsourcing work
Shamit Gupta, Milliman
Asia's evolving insurance landscape
Gilles Fromageot, AXA XLIndustry 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.
Fine art: An asset unlike any other
Sylvie Gleises, AXA XL