-
Allianz Trade targets to capitalise on Asia’s shifting supply chains
The carrier is eyeing South-East Asia expansion and adapting to China's evolving trade landscape amid post-pandemic challenges, says APAC head Paul Flanagan.
-
-
Central Bank of India gets RBI nod to enter insurance business through JVs with Generali
The approval is subject to continuous compliance with conditions stipulated by the Researve Bank of India and approval of the Insurance Regulatory and Development Authority of India.
Central Bank of India gets RBI nod to enter insurance business through JVs with Generali
The approval is subject to continuous compliance with conditions stipulated by the Researve Bank of India and approval of the Insurance Regulatory and Development Authority of India.
The approval is subject to continuous compliance with conditions stipulated by the Researve Bank of India and approval of the Insurance Regulatory and Development Authority of India.
-
Edme Insurance Brokers continues hiring spree with Vishwajeet Kadam appointment
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
Edme Insurance Brokers continues hiring spree with Vishwajeet Kadam appointment
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
-
Asean US$7.5bn health insurance market sees increased competition, rising claims: Malaysian Re
The model of carriers acting as intermediaries between healthcare providers and patients, focusing on cost management, is becoming increasingly difficult to sustain in the face of changing market conditions, according to this year’s Asean Insurance Pulse report.
Asean US$7.5bn health insurance market sees increased competition, rising claims: Malaysian Re
The model of carriers acting as intermediaries between healthcare providers and patients, focusing on cost management, is becoming increasingly difficult to sustain in the face of changing market conditions, according to this year’s Asean Insurance Pulse report.
The model of carriers acting as intermediaries between healthcare providers and patients, focusing on cost management, is becoming increasingly difficult to sustain in the face of changing market conditions, according to this year’s Asean Insurance Pulse report.
-
MS&AD reports 18% reduction in greenhouse gas emissions
The carrier's interim target is to reduce emissions by 37% by FY 2030 compared with FY 2019 levels.
MS&AD reports 18% reduction in greenhouse gas emissions
The carrier's interim target is to reduce emissions by 37% by FY 2030 compared with FY 2019 levels.
The carrier's interim target is to reduce emissions by 37% by FY 2030 compared with FY 2019 levels.
-
IRDAI-backed insurance e-commerce platform Bima Sugam’s capital requirement surges to US$59m: report
The capital requirement by the Insurance Regulatory and Development Authority of India will amount to US$59m over the next four-five years with US$39m to be provided immediately and the remaining US$20m to be contributed after two years.
IRDAI-backed insurance e-commerce platform Bima Sugam’s capital requirement surges to US$59m: report
The capital requirement by the Insurance Regulatory and Development Authority of India will amount to US$59m over the next four-five years with US$39m to be provided immediately and the remaining US$20m to be contributed after two years.
The capital requirement by the Insurance Regulatory and Development Authority of India will amount to US$59m over the next four-five years with US$39m to be provided immediately and the remaining US$20m to be contributed after two years.
-
Fidelidade Macau improves ROE on China border reopening, light rail transit project: Fitch
The rating agency has affirmed the P&C carri rating at 'A' (strong) with a stable outlook driven by the insurer's strategic importance to its Portuguese parent company.
Fidelidade Macau improves ROE on China border reopening, light rail transit project: Fitch
The rating agency has affirmed the P&C carri rating at 'A' (strong) with a stable outlook driven by the insurer's strategic importance to its Portuguese parent company.
The rating agency has affirmed the P&C carri rating at 'A' (strong) with a stable outlook driven by the insurer's strategic importance to its Portuguese parent company.
-
India invites consultants for feasibility study to set up P&I club
The country's maritime authority has issued a tender to appoint a consultancy firm to conduct the study to set up a domestic insurance entity.
India invites consultants for feasibility study to set up P&I club
The country's maritime authority has issued a tender to appoint a consultancy firm to conduct the study to set up a domestic insurance entity.
The country's maritime authority has issued a tender to appoint a consultancy firm to conduct the study to set up a domestic insurance entity.
-
Australian doctors’ mutual MDA National appoints Tim Plant as chief executive
Sydney-based Plant previously held senior executive roles at organisations including Elders, QBE, icare, Zurich, and, most recently, IAG.
Australian doctors’ mutual MDA National appoints Tim Plant as chief executive
Sydney-based Plant previously held senior executive roles at organisations including Elders, QBE, icare, Zurich, and, most recently, IAG.
Sydney-based Plant previously held senior executive roles at organisations including Elders, QBE, icare, Zurich, and, most recently, IAG.
-
Aon names Mike Yao as Asia director for life reinsurance analytics
In his new role, Singapore-based Yao will contribute to the development and articulation of the broker's analytics value proposition for its APAC clients.
Aon names Mike Yao as Asia director for life reinsurance analytics
In his new role, Singapore-based Yao will contribute to the development and articulation of the broker's analytics value proposition for its APAC clients.
In his new role, Singapore-based Yao will contribute to the development and articulation of the broker's analytics value proposition for its APAC clients.
-
Swedish Club announces 5% general increase for 2025
The hike would apply to P&I and freight, demurrage and defence policies.
Swedish Club announces 5% general increase for 2025
The hike would apply to P&I and freight, demurrage and defence policies.
The hike would apply to P&I and freight, demurrage and defence policies.
-
Emerging Asia may benefit from US tariffs as China suffers: Swiss Re’s Haegeli
Tariffs, taxes, and a decrease in trade could be a tipping point for the wider industry as there are many uncertainties around future US presidential decisions, said the reinsurer's group chief economist.
-
Japan’s big three post US$8bn windfall from strategic holdings unwind
The major insurance groups also showed significant improvements in H1 CORs as they benefitted from benign loss environment at home and overseas and robust premium growth.
-
Modellers step up efforts on flood models amid rising secondary peril risk in APAC
Verisk and Moody’s RMS indicate they are listening to the concerns of the market and have laid out plans to “close the gap”.
-
US exposures, climate change, pricing challenges weigh on APAC casualty underwriters
The casualty market faces challenges in predicting risks due to global interconnectedness and emerging threats like PFAS and cyber.
Spotlight
-
Allianz Trade targets to capitalise on Asia’s shifting supply chains
-
Lloyd’s Asia set to see new entrants in 2025 as it races to US$1bn GWP mark
-
McLarens eyes acquisitions in non-claims technical advisory services
-
Miller Insurance sets sights on expansion in Japan and South Korea as it continues to plough its APAC furrow
-
Cyber, property cornerstones in Beazley’s APAC growth strategy
M&A
-
Central Bank of India gets RBI nod to enter insurance business through JVs with Generali
-
‘No guarantee’ Allianz-Income deal will proceed, discussions ongoing
-
Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
-
Envest acquires majority stake in Bendigo Insurance Brokers
-
Singapore blocked Income-Allianz deal over US$1.4bn ‘capital extraction’ plan
ESG
-
MS&AD reports 18% reduction in greenhouse gas emissions
-
UN climate alliance launches net-zero transition guide for insurers
-
HDI Global expands environmental liability insurance to international markets
-
Opinion: Risks from rising ESG regulations looming threat for businesses
-
Opinion: Are we finally transitioning to a new era for energy risks?
-
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
-
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
-
Edme Insurance Brokers continues hiring spree with Vishwajeet Kadam appointment
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
-
Australian doctors’ mutual MDA National appoints Tim Plant as chief executive
Sydney-based Plant previously held senior executive roles at organisations including Elders, QBE, icare, Zurich, and, most recently, IAG.
-
Aon names Mike Yao as Asia director for life reinsurance analytics
In his new role, Singapore-based Yao will contribute to the development and articulation of the broker's analytics value proposition for its APAC clients.
-
Chaucer Singapore expands political risk underwriting with Axa XL hire
The China Re-owned Lloyd's player has appointed Jonathan Ng as class underwriter in political risk.
-
Aon promotes Singapore-based Magnus Roe to global chief data and analytics officer
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
-
CFC expands transaction liability team with appointment of Janine Fenwick
Melbourne-based Fenwick will provide strategic leadership to the onshore transaction liability team that the carrier has established since its acquired Solution Underwriting in April and drive the development of CFC’s transaction liability business throughout Asia Pacific.
-
AIG Singapore promotes Vanessa Yeo to head of casualty
Before assuming her new role, Yeo was casualty lead for the broker distribution channel.
-
Agile launches Lloyd’s-backed property offering in Australia
The MGA has hired Ellie Chen as property underwriter and will offer US$6.5 million coverage for industries like agriculture, retail, and healthcare.
-
Generali GC&C hires Nicholas Selff from Chubb as head of underwriting for Asia
Selff, who has relocated to Hong Kong, started with the insurer's leadership team on November 18.
-
ICICI Lombard’s Alok Agarwal to take charge as Zurich Kotak managing director & CEO
Mumbai-based Agarwal will replace Suresh Agarwal who will be transitioning to a new role within Zurich Insurance Group.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
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 Re
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied WorldIndustry 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.
IFRS 17: "Rather than looking for temporary workarounds and tactical solutions, the efficiency of the whole end-to-end (E2E) financial reporting chain will need to be reengineered."
Martyn van Wensveen, EY