IAN Reports
- Property & Casualty
- Published 25 Apr 2025
Insuring APAC’s energy transition: from grand ambitions to lingering challenges
The renewable energy sector in Asia has experienced a remarkable shift in the past few years, with wind and solar power overtaking traditional sources like hydroelectricity, while emerging technologies like offshore wind and battery energy storage systems (BESS) find wider adoption.
This report delves into the current state of renewable energy in Asia, highlighting both the opportunities and challenges it presents to the region's (re)insurers. Insights from a diverse group of experts shed light on the future trajectory of this dynamic sector:
• Rob Jones, Asia renewable energy leader at Marsh
• Guillaume Parard, head of P&C for Asia at Axa XL
• Tom Baker, head of renewable energy at Markel
• Alex Davies, director of power, downstream and renewables at Price Forbes
• Will Hiller, underwriter at GCube
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Generali rebrands Indian JVs following Central Bank of India’s stake acquisition
- August 4
Life insurance business will be rebranded as Generali Central Life Insurance, and general insurance business as Generali Central Insurance.
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Tysers appoints Desmond Cheok as associate director for P&C in Singapore
- July 31
Cheok previously worked at Sompo International as APAC casualty underwriting leader.
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Insurance market dynamics present ‘unique, temporary’ window of opportunity for insurance buyers: Aon
- July 30
Increased capacity, improving terms and competitive pricing continues across wide swaths of the market, broker’s Global Insurance Market Insights report says.
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Vietnam insurers poised for further growth despite climate, reinsurance pressures: AM Best
- July 30
Ratings agency, while maintaining a stable outlook for the sector, said trade uncertainty and slower economies in key export markets could dampen commercial insurance demand.