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US$1.5bn Bybit hack offers ‘a profound wake-up call’ for nascent Asian crypto insurance market
Short-term capacity contraction and premium increases of up to 50% expected as sector is set to recalibrate.
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Malaysia’s MNRB Holdings mulls hiving off takaful insurance businesses: report
Allianz Malaysia and Bank Rakyat are said to be keen on taking over Takaful Ikhlas Family and Takaful Ikhlas General.
Malaysia’s MNRB Holdings mulls hiving off takaful insurance businesses: report
Allianz Malaysia and Bank Rakyat are said to be keen on taking over Takaful Ikhlas Family and Takaful Ikhlas General.
Allianz Malaysia and Bank Rakyat are said to be keen on taking over Takaful Ikhlas Family and Takaful Ikhlas General.
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Tower raises profit forecast despite Easter weekend storm, earthquake claims
Insurer says it has recieved over 250 claims from the storms that impacted New Zealand over Easter weekend.
Tower raises profit forecast despite Easter weekend storm, earthquake claims
Insurer says it has recieved over 250 claims from the storms that impacted New Zealand over Easter weekend.
Insurer says it has recieved over 250 claims from the storms that impacted New Zealand over Easter weekend.
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Chubb appoints Janene Blizzard as head of APAC A&H
Blizzard, who has 30 years of insurance experience including 16 years with Chubb, will relocate from London to Singapore.
Chubb appoints Janene Blizzard as head of APAC A&H
Blizzard, who has 30 years of insurance experience including 16 years with Chubb, will relocate from London to Singapore.
Blizzard, who has 30 years of insurance experience including 16 years with Chubb, will relocate from London to Singapore.
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Euclid Transactional adds tax underwriting in APAC with EY hire
M&A-focused MGA appoints Wai Ling Low as senior vice-president and tax underwriter in Singapore.
Euclid Transactional adds tax underwriting in APAC with EY hire
M&A-focused MGA appoints Wai Ling Low as senior vice-president and tax underwriter in Singapore.
M&A-focused MGA appoints Wai Ling Low as senior vice-president and tax underwriter in Singapore.
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Willis bolsters India aviation, space team
Anant Pawar joins the WTW broking business from Aon India, where he was chief broking officer.
Willis bolsters India aviation, space team
Anant Pawar joins the WTW broking business from Aon India, where he was chief broking officer.
Anant Pawar joins the WTW broking business from Aon India, where he was chief broking officer.
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South Korea to expand insurance coverage for uninsured crops following wildfires: report
Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.
South Korea to expand insurance coverage for uninsured crops following wildfires: report
Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.
Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.
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Downpours, hail, flash flooding expected as Cyclone Tam continues wreaking havoc across New Zealand
Yellow severe thunderstorm watch in place for the Bay of Plenty, Rotorua, Taupō, Gisborne, Hawke's Bay, and Taihape.
Downpours, hail, flash flooding expected as Cyclone Tam continues wreaking havoc across New Zealand
Yellow severe thunderstorm watch in place for the Bay of Plenty, Rotorua, Taupō, Gisborne, Hawke's Bay, and Taihape.
Yellow severe thunderstorm watch in place for the Bay of Plenty, Rotorua, Taupō, Gisborne, Hawke's Bay, and Taihape.
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Gallagher India hires Sunny Goel as head of liability and growth projects
Delhi-based Goel will lead the expansion of Gallagher India's liability and reinsurance portfolio, while also establishing new specialty and niche areas.
Gallagher India hires Sunny Goel as head of liability and growth projects
Delhi-based Goel will lead the expansion of Gallagher India's liability and reinsurance portfolio, while also establishing new specialty and niche areas.
Delhi-based Goel will lead the expansion of Gallagher India's liability and reinsurance portfolio, while also establishing new specialty and niche areas.
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IAG receives over 11,000 claims from Cyclone Alfred
Cyclone Alfred made landfall along Australia’s east coast at the start of March, impacting southeast Queensland and northern New South Wales.
IAG receives over 11,000 claims from Cyclone Alfred
Cyclone Alfred made landfall along Australia’s east coast at the start of March, impacting southeast Queensland and northern New South Wales.
Cyclone Alfred made landfall along Australia’s east coast at the start of March, impacting southeast Queensland and northern New South Wales.
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McLarens, Crawford, Marsh, Generali GC&C and Aon: 10 APAC insurance people moves of the week
Canopius, Munich Re, Anand Rathi Insurance Brokers, Aviso Specialty, Dual and Arundo Re also made personnel changes over the last week.
McLarens, Crawford, Marsh, Generali GC&C and Aon: 10 APAC insurance people moves of the week
Canopius, Munich Re, Anand Rathi Insurance Brokers, Aviso Specialty, Dual and Arundo Re also made personnel changes over the last week.
Canopius, Munich Re, Anand Rathi Insurance Brokers, Aviso Specialty, Dual and Arundo Re also made personnel changes over the last week.
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Seadrif, PCIRC among risk pools to receive US$5.3m joint grant for climate and disaster risk financing and insurance
Global Shield Solutions Platform will provide funding to allow four risk pools globally to establish a learning network, create a global facility for risk data and analytics, and initiate an employee exchange programme.
Seadrif, PCIRC among risk pools to receive US$5.3m joint grant for climate and disaster risk financing and insurance
Global Shield Solutions Platform will provide funding to allow four risk pools globally to establish a learning network, create a global facility for risk data and analytics, and initiate an employee exchange programme.
Global Shield Solutions Platform will provide funding to allow four risk pools globally to establish a learning network, create a global facility for risk data and analytics, and initiate an employee exchange programme.
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Exclusive: McLarens takes Integra’s Torben Bell as Australia MD
Melbourne-based Bell is currently managing director for Australia and New Zealand and executive loss adjuster for Integra.
Exclusive: McLarens takes Integra’s Torben Bell as Australia MD
Melbourne-based Bell is currently managing director for Australia and New Zealand and executive loss adjuster for Integra.
Melbourne-based Bell is currently managing director for Australia and New Zealand and executive loss adjuster for Integra.
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A month in, Australian insurers face ‘a lot of work’ adapting to FAR’s increased accountability
Financial Accountability Regime (FAR) requires insurers to map their organisations, responsibilities, and remuneration structure, while the upcoming merger control reforms aim to protect competition in the market.
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Emerging ‘silent AI’ risk on underwriters’ minds, poised to trigger finpro liability claims
As businesses increasingly integrate AI technologies, insurers face the challenge of unintentional coverage gaps, reminiscent of ‘silent cyber’.
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‘Unsurprising trend’ as product recall market goes from strength to strength amid global supply chain complexity
Pricing is relatively stable on a risk-adjusted basis in APAC due to new market entrants and capacity from London, sources told InsuranceAsia News.
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London market ‘dismayed’ as Blueprint 2 testing delay could stretch to 2027
Leading figures backed the move to push back the transformational initiative, but one leading figure tells InsuranceAsia News the implementation could go beyond next year.
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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‘Picky and choosy’ Asta owner Davies seeks to remain on the front foot, with Asia in its sights
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With floods high on the list of perils in Asia, modeller gets its feet wet into China and Australia
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‘Narrower, deeper’: US specialty insurer not resting on its laurels with energy, marine, specialty plans for Asia
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Exclusive: London P&I Club to dock in Shanghai, sail on Asian wave amid difficult-to-navigate geopolitical storm
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Lights, camera, action: specialist MGA seeks to punch above its weight, prove good things come in small packages
M&A
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Markel to buy P&I specialist MGA Meco
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A month in, Australian insurers face ‘a lot of work’ adapting to FAR’s increased accountability
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PSC expands in New Zealand with Sepio acquisition
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NFRA introduces updated insurance consolidation rules
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Hannover Re to acquire iptiQ, Swiss Re’s Australian direct life portfolio
ESG
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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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Aon strengthens Asia natural resources team with senior hire
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Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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Chubb appoints Janene Blizzard as head of APAC A&H
Blizzard, who has 30 years of insurance experience including 16 years with Chubb, will relocate from London to Singapore.
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Euclid Transactional adds tax underwriting in APAC with EY hire
M&A-focused MGA appoints Wai Ling Low as senior vice-president and tax underwriter in Singapore.
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Willis bolsters India aviation, space team
Anant Pawar joins the WTW broking business from Aon India, where he was chief broking officer.
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Gallagher India hires Sunny Goel as head of liability and growth projects
Delhi-based Goel will lead the expansion of Gallagher India's liability and reinsurance portfolio, while also establishing new specialty and niche areas.
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Exclusive: McLarens takes Integra’s Torben Bell as Australia MD
Melbourne-based Bell is currently managing director for Australia and New Zealand and executive loss adjuster for Integra.
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Exclusive: Integra regional MD Tony Chapman to join Crawford
Singapore-based Chapman will start in a newly created role as head of global technical services for Asia in May, IAN understands.
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Howden-owned MGA Dual expands New Zealand team with underwriting appointments
Lester Mathew appointed as a senior underwriter and Riaan Wolmarans as an underwriter.
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Peak Re takes China Re’s Claudia Chong as vice president
New role spans multiline treaty underwriting, contract wordings review, treaty structure solutions, data analytics and pricing.
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Aon expands Asia M&A and transaction solutions team with director hire
Singapore-based Cindy Yeo joins the team led by Xianwei Lee as director of transaction solutions for Asia.
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Kshitij Chirimar joins Arundo Re as senior underwriter for Indian subcontinent
Delhi-based Chirimar previously held strategic positions at Verity Knowledge Solutions and Ace Insurance Brokers.
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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.
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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.
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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.
Insurance broker market in Asia
Neelay Patel, Managing Director & Head of Growth, Asia at Aon
Construction market insurance trends in Asia
Vincent Banton, Head of Construction & Infrastructure, Asia at Aon
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak ReIndustry 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.
Trade credit: ''Asia-Pacific countries are well-positioned to benefit from redirected trade flows as global supply chains adjust''
Nicholas Davies, Markel