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- July 26 2024
Opinion: China’s onshore oil & gas expansion throws spotlight on risks for insurers
With China's new exploration projects, questions remain over which (re)insurers will benefit at a time when the backlash against failure to exit from fossil fuels underwriting grows louder.
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- July 25 2024
Chubb delivers on Asia promise with impressive Q2 top-line growth
Greenberg highlights accident & health and travel insurance as strong perfomers in the region, which was the fastest growing globally with 33% net premium increase in the second quarter.
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- July 23 2024
Hong Kong captive growth stalls as Singapore, Labuan pull away
With recent rule changes still being digested by the wider market, the SAR’s ambitions to grow as a regional centre for captive management are not yet bearing fruit.
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- July 17 2024
Opinion: Insurers in Asia need to heed shadow banking warning
Given the scale of the casualty offering which has been rolled out to financial institutions across Asia in recent years, it would be surprising if more fall-outs don’t emerge given the volatile nature of many of the risks assumed by the sector.
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- July 5 2024
Opinion: The Indian insurance privatisation conundrum
State-led revivals have delayed privatisation of the country’s three general insurers and stalled much-needed reforms and competition that could otherwise enable Indian carriers to put their stamp on the world stage.
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- July 3 2024
Capacity loading at the front end driving rate softening for Asia aviation market
With the outcome of major disputes relating to Russia-Ukraine and Boeing 737 Max still uncertain, additional retail capacity in the regional aviation market is steering rating.
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- July 2 2024
APAC pricing stabilises at 1.7 renewals as global capacity hits record US$695bn
With more capital coming to the table, reinsurance rating reductions were in order, though loss-affected territories bucked the wider trend.
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- June 28 2024
Carriers look to Asia, Europe for cyber growth as North America addresses challenges
With the US cyber market under pressure, the market in the region needs to hold its nerve if cyber combined ratios are to remain respectable as it navigates the second half of the year.
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- June 6 2024
APRA calls attention to cyber weakness in data backups of carriers
Insurers will have to make sure to maintain sufficient isolation of backups as well as the technical capability to recover systems and data within tolerance levels, the regulator says.
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- May 31 2024
Opinion: Are risk models for Asia fit for purpose?
There is a need for carriers to build in-house modelling capabilities as third-party offerings lack a deep understanding and awareness of emerging risk exposures in Asia Pacific, especially for secondary perils.
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- May 29 2024
Florida renewals highlight twin challenges of exposure management and inflation
While early signs from the 2024 reinsurance purchasing season show positive indications as prices begin to slide, forecasts of an above-normal hurricane season and inflation woes weigh on the renewals.
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- May 23 2024
Brokers eye parametric possibilities in Asia for nat cats and beyond
Intermediaries are taking the index-based products route to provide coverage for risks that were once considered too complex or too difficult to insure.
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- May 20 2024
Opinion: Will Lloyd’s move really bring about the end of the cyber wordings war?
In a bid to calm frayed nerves, Lloyd's introduced phase out dates for non-compliant covers and target dates for what the market considers to be acceptable cover for policies affirming war-related coverage.
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- May 7 2024
Opinion: India’s marine insurance gambit poses questions of the West’s Russia sanctions
Indian regulator's approval to three new Russian insurers backed by the sanctioned Russian National Reinsurance points to tectonic shifts in the industry.
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- May 3 2024
Canterbury earthquake lawsuit going to appeals court may weigh on EQC reinsurance renewals
With the class action over underpayment of claims headed to the Court of Appeals, more claimants could join the litigation at a time when the New Zealand Earthquake Commission is looking to secure higher limits at the June 1 renewals.
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- April 29 2024
‘Sushi terrorism’ puts reputational risk insurance in Japan centre stage
Reputation management was once little more than an afterthought for many companies, outsourced to crisis communication teams, however, the rise of social media is changing perceptions.
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- April 26 2024
Opinion: European regulator’s climate conundrum poses questions for South-East Asia’s risk mitigation
Excluding high-risk areas from coverage does not provide a viable solution, as all actors need to work together to address climate risk, including the P&C sector, governments and society.
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- April 22 2024
MGA-led capacity set to enter APAC upstream energy market
Further capacity from both new underwriting agencies and existing carriers that have set up new ESG vehicles is expected to enter the energy market this year, according to the latest analysis by WTW.
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- April 8 2024
More dedicated specialist energy capacity pivotal for Asia risks
Although fac capacity is growing, there is still further need for complex areas such as offshore wind and nuclear risk, Aon’s Geoffrey Lambrou says.
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- April 1 2024
Opinion: Baltimore marine disaster serves as potent warning for Asia marine market
With rates sure to correct for the multi-billion dollar loss from the event, the region has more at stake with mega-vessels concentrating trade into fewer mega-ports, which can lead to potentially higher risks and mega-claims.
