APAC
Munich Re records $3.9b profit in 9M23
The German reinsurer has been following the new reporting standards IFRS 9 and 17.
Munich Re records $3.9b profit in 9M23
The German reinsurer has been following the new reporting standards IFRS 9 and 17.
AXA XL appoints new CUO for APAC, Europe
She has extensive experience as an environmental liability underwriter.
bolttech boosts international collaboration with telecoms
This collaboration aims to provide device insurance for European mobile operators.
Coal asset stranded risk grows amid insurance coverage challenges: WTW
WTW’s report highlights the struggle between energy security, affordability, and sustainability, leading to continued volatility in the power sector.Â
The lack of available resources forces asset owners to remain on legacy tech: Survey
More than half of asset owners, including insurers, still utilise spreadsheets for monitoring assets.
Global M&A claims surge despite smaller deal volume: Report
In 2022, the largest claims still originate from accounting and financial issues.
Miller names new lead for Financial Lines, Asia
William Seccombe will focus on forming a team of experts to boost Miller’s offering.
AXA’s 9M’23 revenue inches up 2%
It accumulated EU78.8b in gross written premiums and other revenues.
ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY
VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.
Manulife Asia unveils new Chief of Comms
Sabrina Cheung will manage the region’s strategic communications and media relations.
Prudential’s new business sees 37% profit growth IN 9M23
It grew to $2.14b, year-to-date.
Asia’s mortality protection gap grim by 2030, prediction shows $119t rift: report
Cyber insurance market in Asia is projected to triple in size from 2022 to 2025.
Swiss Re registers $2.5b profit in 9M23
The company aims for more than $3b in net earnings for 2023.
Asia’s Q3’23 insurance pricing flat for the second quarter in a row
Overall pricing for the third quarter remained flat, similar to the previous quarter.
Seven countries benefit from initial anticipatory action and disaster risk reduction programme
Its goal was to minimise the impact of disasters on individuals and communities.Â
Asians prioritise financial planning the most when falling ill: Peak Re
Six out of 10 Asians fear cyber security attacks.
Allianz Trade APAC appoints new HK commercial director
Tricia Koh will oversee commercial activities in Hong Kong, Taiwan, and South Korea.
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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.
