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China’s new reality: rising nat cat risk, manufacturing concentration challenges insurance market
Marc Burban, founder and CEO of Asian Risks Management Services, tells InsuranceAsia News’ Between the Lines podcast that rising nat cat frequency and industrial clustering are forcing China's insurers to underwrite smarter.
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Aon taps Stara Low as head of growth, health solutions
She joins Aon in Singapore from WTW.
Aon taps Stara Low as head of growth, health solutions
She joins Aon in Singapore from WTW.
She joins Aon in Singapore from WTW.
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Axa XL agrees deal to fully acquire S-RM
Founded in 2005, S-RM has clients in 140 countries and provides dedicated cyber security and incident response services, with its Asia Pacific division headquartered in Hong Kong.
Axa XL agrees deal to fully acquire S-RM
Founded in 2005, S-RM has clients in 140 countries and provides dedicated cyber security and incident response services, with its Asia Pacific division headquartered in Hong Kong.
Founded in 2005, S-RM has clients in 140 countries and provides dedicated cyber security and incident response services, with its Asia Pacific division headquartered in Hong Kong.
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Power bottlenecks, alternative energy strategies drive new insurability risks for data centres: Aon
As grid constraints intensify, data centres developers are turning to behind-the-meter generation, batteries and hybrid energy systems, according to Terence Williams, head of commercial risk for APAC at Aon.
Power bottlenecks, alternative energy strategies drive new insurability risks for data centres: Aon
As grid constraints intensify, data centres developers are turning to behind-the-meter generation, batteries and hybrid energy systems, according to Terence Williams, head of commercial risk for APAC at Aon.
As grid constraints intensify, data centres developers are turning to behind-the-meter generation, batteries and hybrid energy systems, according to Terence Williams, head of commercial risk for APAC at Aon.
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Zurich APAC’s P&C GWP grew 11% to US$2.3bn in H1 FY26
Business operating profit of the P&C line also increased by 12% year-on-year, according to its second quarter earnings update on Thursday.
Zurich APAC’s P&C GWP grew 11% to US$2.3bn in H1 FY26
Business operating profit of the P&C line also increased by 12% year-on-year, according to its second quarter earnings update on Thursday.
Business operating profit of the P&C line also increased by 12% year-on-year, according to its second quarter earnings update on Thursday.
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Global insurtech funding hits US$2.44bn in Q2, but early-stage plunges 51.8%: Gallagher Re
Global insurtech investment reached its highest quarterly total since Q2 2022, with AI-focused companies capturing 99.1% of all funding, yet early-stage deal values fell by more than half.
Global insurtech funding hits US$2.44bn in Q2, but early-stage plunges 51.8%: Gallagher Re
Global insurtech investment reached its highest quarterly total since Q2 2022, with AI-focused companies capturing 99.1% of all funding, yet early-stage deal values fell by more than half.
Global insurtech investment reached its highest quarterly total since Q2 2022, with AI-focused companies capturing 99.1% of all funding, yet early-stage deal values fell by more than half.
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Swiss Re sees ‘challenging market conditions’ during June, July renewals
Swiss Re is on track to meet its 2026 net profit target following a strong first half aided by a benign natural catastrophe experience.
Swiss Re sees ‘challenging market conditions’ during June, July renewals
Swiss Re is on track to meet its 2026 net profit target following a strong first half aided by a benign natural catastrophe experience.
Swiss Re is on track to meet its 2026 net profit target following a strong first half aided by a benign natural catastrophe experience.
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PCRIC makes third drought parametric payout to Tonga
Payout funds assistance following the arrival of drought conditions in Tonga's Ha'apai and Tongatapu islands.
PCRIC makes third drought parametric payout to Tonga
Payout funds assistance following the arrival of drought conditions in Tonga's Ha'apai and Tongatapu islands.
Payout funds assistance following the arrival of drought conditions in Tonga's Ha'apai and Tongatapu islands.
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‘Beginning of a new era’ as Swiss Re CorSo pens Indian partnership with Bajaj General Insurance
Zurich-headquartered insurer also announces partnership with GNP Seguros in Mexico.
‘Beginning of a new era’ as Swiss Re CorSo pens Indian partnership with Bajaj General Insurance
Zurich-headquartered insurer also announces partnership with GNP Seguros in Mexico.
Zurich-headquartered insurer also announces partnership with GNP Seguros in Mexico.
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Markel hires first dedicated claims adjuster in Hong Kong
Senior claims adjuster Audrey Pang reports to Bo Yu, head of Asia claims.
Markel hires first dedicated claims adjuster in Hong Kong
Senior claims adjuster Audrey Pang reports to Bo Yu, head of Asia claims.
Senior claims adjuster Audrey Pang reports to Bo Yu, head of Asia claims.
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India’s EarthRe bags licence, becomes first incorporated Gift City reinsurer
Subsidiary of parametric insurtech InRisk Labz is a 'technology-first non-life reinsurer' focusing on nat cat, climate, property, crop, and specialty risks.
India’s EarthRe bags licence, becomes first incorporated Gift City reinsurer
Subsidiary of parametric insurtech InRisk Labz is a 'technology-first non-life reinsurer' focusing on nat cat, climate, property, crop, and specialty risks.
Subsidiary of parametric insurtech InRisk Labz is a 'technology-first non-life reinsurer' focusing on nat cat, climate, property, crop, and specialty risks.
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Sean Dalton nominated as next IUMI president
He succeeds Frédéric Denèfle, who will complete his four-year term as president in September.
Sean Dalton nominated as next IUMI president
He succeeds Frédéric Denèfle, who will complete his four-year term as president in September.
He succeeds Frédéric Denèfle, who will complete his four-year term as president in September.
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‘Bittersweet’ as Howden’s David Wall returns to Singapore from Dubai, retains role
He has been with Howden since 2021 and will continue in his role as chief operating officer for Howden specialty Asia Pacific.
‘Bittersweet’ as Howden’s David Wall returns to Singapore from Dubai, retains role
He has been with Howden since 2021 and will continue in his role as chief operating officer for Howden specialty Asia Pacific.
He has been with Howden since 2021 and will continue in his role as chief operating officer for Howden specialty Asia Pacific.
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AI chip factory boom in Asia puts sustainable reinsurance capacity, nat cat exposure in spotlight
With AI accelerating demand, complex risks will increasingly require support of specialist facultative capacity, Peak Re CUO Philip Hough says.
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APAC insurers race to harness AI’s US$70bn promise, but data and regulatory hurdles persist
Implementing AI is a major operational and regulatory challenge for the industry, with massive rewards for the insurers that can get it right.
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Kumamoto earthquake ‘highly instructive’ for (re)insurance industry amid supply chain disruption fears
Industry cannot afford to overlook the operational impact of last week's 7.1-magnitude earthquake, industry insiders tell InsuranceAsia News.
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APAC’s nascent cannabis insurance market navigates a divided region as insurers face steep learning curve
Australia remains the main market in the region and is projected to exceed US$33bn by 2033, although Thailand has backtracked on recent liberalisation.
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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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
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BP Marsh homes in on ‘tremendous opportunities’ in APAC insurance distribution niche
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
M&A
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Malaysian Re parent to sell takaful business to Bank Rakyat in US$400m deal
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Maybank to take full control of insurer Etiqa from Ageas
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Steadfast bidders reconfirm intention to proceed, extend exclusivity period
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Tokio Marine invests in carbon credit specialist Kita
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Envest-owned Epsilon Underwriting acquires marine specialist RedSky Insurance
ESG
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Lloyd’s looks for new way to meet diversity challenge after scrapping Dive In festival after 12 years
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Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
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QBE hands Mandy Chan expanded role as head of operational power generation, ESG for Asia
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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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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients.
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Aon taps Stara Low as head of growth, health solutions
She joins Aon in Singapore from WTW.
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Markel hires first dedicated claims adjuster in Hong Kong
Senior claims adjuster Audrey Pang reports to Bo Yu, head of Asia claims.
-
Sean Dalton nominated as next IUMI president
He succeeds Frédéric Denèfle, who will complete his four-year term as president in September.
-
‘Bittersweet’ as Howden’s David Wall returns to Singapore from Dubai, retains role
He has been with Howden since 2021 and will continue in his role as chief operating officer for Howden specialty Asia Pacific.
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Cirilo Cabesas joins AIG as senior claims executive
He joins the US insurer in Singapore following a long stint at Crawford.
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Ruixiang Liu joins WTW as trade credit sales leader for Asean region
He spent the last two years at Coface as senior commercial manager.
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Ageas Re unveils regional restructuring, appoints APAC lead underwriter to head international, specialty business
Client-focused organisation will further optimise proximity and accessibility to its services, according to CEO Joachim Racz.
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Tysers Singapore appoints Prantika Sengupta as director for marine claims, client relations
She is responsible for enhancing the firm’s claims offering, working under chairman of claims Chris Sydenham to support clients across the marine portfolio.
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Australian broker Cowden names Charlotte Lau national head of operations
She has over two decades of experience in roles with QBE, Crawford and Sedgwick.
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Aon taps Zurich Indonesia CUO Stephen as Indonesia CEO
He will report to Jane Drummond, chief commercial officer for Asia Pacific and interim head of Southeast Asia.
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W&I: "W&I is now being utilised with increasing frequency across a far broader range of deal sizes and geographies in the region. Coverage terms have broadened, retentions have fallen, and underwriting processes are being continually refined to become increasingly streamlined."
Keshaya Yap, Liberty Global Transaction Solutions
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Nuclear: "The insurance sector is poised to play a central and enabling role in Asia’s nuclear expansion. As countries in the region move from exploration to active planning and construction – especially with a focus on SMRs – they will require innovative risk transfer solutions."
Clifford Blayney, Markel International
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US$100bn cat bond market ‘in reach’ as 2026 heads for record issuance: Gallagher Re
Strong demand from investors for new perils and for risk from underrepresented regions such as Asia Pacific, according to Jason Bolding, CEO of Gallagher Securities.
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Insurance seen as ‘genuine tipping point’ for Asia’s first major carbon capture, storage hubs
Consortium identifies India, Indonesia, Malaysia, and Australia as potential storage sites across the Asia Pacific, but insurers warn projects may not secure financing without long-term risk cover.
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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.
Supply outstripping demand, but headwinds could shift market: Guy Carpenter’s Tony Gallagher
Tony Gallagher, CEO of Asia Pacific at Guy Carpenter, speaks to InsuranceAsia News about the ongoing reinsurance market softening and the forces shaping loss activity and reinsurance buying in the region.
Marine market held its nerve through ‘strange and acute’ Middle East crisis: Markel’s Chelsea Jiang
Chelsea Jiang, managing director greater China at Markel International, discusses the Lloyd’s carrier’s ambitions in the region and how the marine insurance market responded to the crisis in the Strait of Hormuz.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services