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- 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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South Korean deposit insurer picks 3 bidders for Yebyeol Non-Life
- January 30
Hana Financial Group, Korea Investment Holdings, and private equity firm JC Flowers were earlier identified as suitors for the South Korean carrier.
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Hana Financial, Korea Investment, JC Flowers lodge bids for Yebyeol Insurance: report
- January 27
Final bids for the bridge insurer set up to transfer MG Non-Life's policies are scheduled for the end of March.
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Strong capacity, growth appetite drive favourable 1.1 renewals outcomes: Howden
- January 2
APAC's risk-adjusted pricing for loss-free XoL programs generally falls by 10-20%.
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APAC non-life insurers to remain stable in 2026 as capital strength offsets regulatory, catastrophe pressures: Fitch
- December 4
Stable margins and strong solvency expected, Fitch says, with disciplined pricing and steady reinsurance support underpinning a neutral outlook.