Insurance
Allianz Commercial warns increase in cyber claims, early detection could prevent $21m loss
Data exfiltration surged 80% in 2022 alone, versus the 40% in 2019.
Allianz Commercial warns increase in cyber claims, early detection could prevent $21m loss
Data exfiltration surged 80% in 2022 alone, versus the 40% in 2019.
Why emerging markets in the region are most vulnerable to insurance risks
Analysts have named five risks the insurance sector in Asia will have to navigate in the coming months.
Marsh builds global cyber practice, forms team
It will synergise all of Marsh’s capabilities around the world.
Munich Re’s preliminary net operating performance saw $1.3b, higher than expected
P&C business saw major dips, lower than expected.
Chubb shows robust Q3 results
Its net income more than doubles to $2.04b.
OJK wants mandated insurance coverage for Indonesians: Report
Plans for vehicle insurance are in discussion.
CapitalSG acquires majority stake in a digital health and insurance company
As part of the investment, BIMA MILVIK's holding company has relocated from Sweden to Singapore.Â
Zurich inks underwriting agreement with RentCover
Current RentCover policyholders will see their policies underwritten by Zurich upon renewal.
AXA XL appoints new head of art and expertise for APAC, Europe
He is rejoining AXA XL after more than two years.
United Overseas Insurance’s profit more than doubles in 9M23
Year-to-date, net earnings reached S$18.3m in September versus the S$8.2m last year.
Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
How customer centricity can aid the Philippines’ narrow insurance penetration
With less than 3% insurance penetration, insurance experts concur that low financial literacy has eroded potential.
Chubb names new general insurance head of property, APAC & Japan
Ben McGregor will begin working on his new role on 1 December 2023.
Only half of APAC use cyber insurance – Moody’s
About 31% of respondents expressed their intention to acquire additional coverage in 2023.Â
Business insolvencies witness sharp climb – Allianz Trade
Global insolvency rates are expected to rise significantly by +6% in 2023.
Global insured losses in Q3 surpass the century’s annual average
Economic losses amounted to $295b in the nine months to September.
Marsh McLennan names new Mercer president
In the meantime, Martine Ferland will remain CEO until her retirement next year.
Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
![Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential]()
Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
