APAC
Sompo Int’l assigns new lead for crisis management, commercial P&C insurance
Chiew is based in Singapore and joins from AXA, where she was a senior underwriter.
Sompo Int’l assigns new lead for crisis management, commercial P&C insurance
Chiew is based in Singapore and joins from AXA, where she was a senior underwriter.
Allianz Commercial appoints Jude Cross as Asia’s head of property
Cross has more than 20 years of experience in the industry.
Retirement income competency lags in Asian markets
Post-pandemic, retirees face new risks such as inflation and rising interest rates.
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.
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.
Chubb names new general insurance head of property, APAC & Japan
Ben McGregor will begin working on his new role on 1 December 2023.
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.
Blue Cross APAC underwriting performance to stay ‘subdued’: S&P Global Ratings
Its combined ratio will stay above 100% through 2025.
Global cyber insurance market to see 50% growth in next five years: Swiss Re
Swiss Re said no country has fully realised the economic potential of digital technology in the insurance sector.
Allianz Partners teams up with bolttech to launch embedded insurance in APAC
The two will jointly provided embedded device and appliance insurance.
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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.
