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- August 11 2023
Allianz records 15% P&C profit drop in APAC despite top line growth
The overall APAC COR including Australia deteriorated from 95.8% to 97.4%, as the group restructures in the region.
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- August 8 2023
Capacity challenge for Asia’s offshore wind market as nat cat, accumulation risks rise
Larger turbines, wind farms being created further offshore and more ambitious projects mean (re)insurers need to adapt quickly.
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- July 27 2023
Marine (re)insurers in a lurch with rise of ‘dark fleets’ in APAC
Carriers feel they are left on the margins while unscrupulous actors in the region side-step Western sanctions on Russian shipments.
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- July 25 2023
Asia cyber market ‘to outperform the rest of the world’
While most of the buyers are still larger companies, the real growth opportunities come from the underpenetrated SME and mid-market.
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- July 21 2023
Opinion: Australian flood inquiry needs to broaden scope to probe impact of state taxes, land use rules
A shortage of expert assessors, building labour and materials constraints, and the complexity of recovery and resilience programmes delivered by state governments exacerbate problems.
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- July 14 2023
Cyber market in APAC set to surge by 2025
Overall market growth for the sector continues to be bullish with SMEs in the region bearing the brunt of malware attacks and cyber war.
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- July 10 2023
Opinion: Australia’s cyclone pool helps ease pressure on cat limits
ACRP is set to assume more than 90% of the market’s cyclone exposure for household, strata and small business property policies.
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- June 30 2023
Inver Re plots course for expansion of index products in APAC
The region’s cyber, marine and specialty will form a core market for the placement and structuring of ILW offerings, says Tom Johansmeyer.
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- June 28 2023
Opinion: When algorithms fail – the Australian pricing debacle
The ASIC review, which blames overreliance on technology, offers a cautionary tale for the wider (re)insurance markets.
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- June 21 2023
‘Surprise’ losses put pressure on pricing for New Zealand renewals
Cedents and reinsurers alike are seeking to come to terms with a shifting threat landscape, especially where cat-exposures are concerned.
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- June 19 2023
Opinion: AI – threat or opportunity for Asia’s (re)insurance market?
Insurers are at an early stage of AI adoption, and with the risks comes reward, so carriers should embrace the revolution without overlooking the perils.
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- June 12 2023
Mitsubishi D&O cover in the spotlight as lawsuit looms against securities arm
The fallout of Credit Suisse's demise will have wider repercussions as the cover placed locally would have been facultatively reinsured in the international markets.
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- June 1 2023
Opinion: Florida’s return to orderly renewals a welcome sign for APAC
Prospects of 30-40% rate hikes tempt reinsurers back to a normalised attitude towards the assumption of nat cat risk as 1.6 draws to a close.
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- May 25 2023
Going to war on cyber wordings
As Lloyd’s war exclusions cause disquiet among insureds and reinsurers, the market is set to see a battle royale with APAC in the thick of it.
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- May 17 2023
Opinion: Will the APAC trade credit market rise to the looming insolvency challenge?
With corporate risks expected to rise across Asia, carriers need to up their game and evolve more sophisticated methods of risk assessment.
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- May 11 2023
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
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- May 3 2023
ICA calls for regulatory planning overhaul along UK lines
The insurer body is pushing for new financial services planning and prioritisation forum modelled on the Financial Services Regulatory Initiatives Forum.
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- May 2 2023
Pressure mounts on Japan to provide long-term solution for marine risks
While the dispensation for insuring imports from Russia's Sakhalin project remains in place, the future remains uncertain.
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- April 28 2023
Mitsui Sumitomo facing lunar loss after ispace mission failure
The Japanese carrier provided the world’s first 'lunar insurance' cover for the risks arising from the mission.
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- April 21 2023
Opinion: Ransomware payments down under – to ban or not to ban?
Insurers suggest an outright ban on ransoms and extortion demands in data breach incidents could be a blunt, ineffective policy instrument.
