APAC
CrowdStrike incident unlikely to impact global insurer finances
CrowdStrike incident unlikely to impact global insurer finances
Industries requiring 24/7 availability will be more affected, especially in APAC.
Cyber insurers examine common tech dependencies after crash
Guy Carpenter will assess the impact on tail risk and the $15.5b industry.
Re/insurers reevaluate policies after CrowdStrike system crash
Aon sees an opportunity to improve the granularity of policy information.
Cyber risk outshines industry threats, surpassing natural disasters
As more firms store data, they become more vulnerable to attacks.
Munich Re's capitalisation exceeds strongest requirements
Munich Re reported a net profit of $5.02b in 2023.
P&C reinsurers post strong Q1 underwriting income
The average combined ratio for the selected reinsurers was 84.2% in Q1.
Marsh McLennan reports 6% YoY revenue rise in Q2 2024
Asia Pacific’s underlying revenue climbed 70% YoY.
Insurance patents for clean energy, carbon capture surge
Patents for clean energy insurance rose from 1,537 in 2014 to 3,004 in 2023.
Advanced markets to drive half of new insurance premiums by 2034
Advanced APAC is expected to see strong growth in the life sector.
Manulife boosts Asia team with two senior appointments
Both their roles will be effective on 19 August.
Global insured losses hit $58b in H1 2024
Natural catastrophes resulted in over 6,000 fatalities, the lowest since 2020.
QBE Insurance unveils global cyber policy for broader protection
The coverage will be offered in five APAC markets.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
Flood risks, infrastructure concerns increase globally
Japan and Taiwan’s notable earthquakes prompted better seismic risk assessments.
Insurance sector sees 25% decline in cyber attacks in Q2 2024
Across all industries, the region experienced a 23% rise in attacks.
Minimum benefit standards are the new normal: Aon
Life insurance is now a minimum benefit that businesses offer.
Airline insurers enjoy favourable Q2, thanks to capacity
Notable incidents in Q2 2024 were Korean Air and Singapore Airlines.
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Industry experts push for the rapid progress of unified customer data as a starting point.
