- May 26 2023
Labuan struggles to reignite interest as global insurance hub
Covid-19 may be over but global capital still isn’t returning to Malaysia’s offshore centre.
- May 23 2023
Axa XL looks to tap into Asia corporate mindset shift
The French (re)insurer sees huge potential in the region with eight Asian markets expected to grow 11% per year from 2021 to 2025.
- May 10 2023
Coverage gaps leave Asia vulnerable to supply chain risks
Companies in the region remain uninsured or underinsured as products for purely financial supply chain losses provide a wafer-thin patchwork of protection.
- May 9 2023
JB Boda eyeing parametrics, ILS to strengthen India’s nat cat capabilities
The broker, which has an international footprint, sees opportunities in helping domestic carriers, who are poor at managing climate risk.
- April 27 2023
MGAs see ‘flight to quality’ in Asia amidst market hardening
Following the 1.1 renewals, sourcing capacity is becoming harder but niche players may still have an edge.
- April 18 2023
Analytics: Singapore and Hong Kong see underwriting profit, GWP bounce back
While faster premium growth saw the Lion City extend its lead over the regional rival, the SAR insurers' underwriting profits more than doubled in 2022.
- April 11 2023
Carriers eye terrorism and PV coverage as appetite grows and market hardens
Global (re)insurer Axis and Lloyd's player Mosaic Insurance are planning to expand cover in the under-served Asian market.
- April 6 2023
China reopening to boost Asia’s P&C markets
With inbound and outbound connectivity resumed, a spurt in tourism across the region offers hope for insurers.
- March 22 2023
Further correction to Asia marine likely to be elusive
The market is still under-priced but rate increases lag behind the European and US markets.
- March 21 2023
Asian carriers embrace insurtechs despite global slowdown
In recent deals, Peak Re teamed up with CyberCube, Zurich partnered Surer, Echo Re joined hands with Adept in APAC and Singapore's GIA expanded its use of Shift Technologies.
- March 7 2023
Analytics: Underwriting gains spur Australian carriers stung by investment losses
Rate increases helped non-life underwriting profit grow 69.4% in 2022 despite higher claims.
- February 27 2023
Inflation pinches ‘high-margin’ liability lines’ profitability
Hit by the 1.1 renewals, many Asian carriers are seeing opportunities in liability cover but there are dangers in the tail.
- February 14 2023
Asia flood losses to worsen amid data deficit
(Re)insurers are feeling the heat from record rainfall events and fast-evolving climate risk scenarios.
- February 9 2023
Hannover Re cuts APAC premium volume by 21.6% in 1.1 renewals
The German reinsurer cut back on proportional treaty in Malaysia and China, but XOL premiums filled some of the void.
- February 7 2023
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.
- January 25 2023
Analytics: 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.
- January 19 2023
Competition cushions China renewals
Despite tough market conditions, cedents managed to extract some concessions.
- January 16 2023
Singapore legal reform puts claims settlements on the fast track
An obligation to consider amicable resolution incentivises pre-trial settlement over courtroom brawling.
- January 11 2023
Analytics: 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.
- January 5 2023
APAC insurers still playing IFRS 17 catch-up
Companies need to carefully evaluate the implementation choices as it will have a lasting impact on shareholders’ equity and revenues.