APAC
Recent aircraft turbulence spurs insurance implications
Recent aircraft turbulence spurs insurance implications
WTW tells how recent events could potentially raise the number of insurance claims.
WTW urges APAC banks to consider non-payment insurance
Uncertainties like the Chinese real estate crisis call for effective credit risk management.
International group sets stage for ICS implementation
The IAIS will begin developing an ICS execution evaluation methodology in 2025.
FWD maintains stable VNB margin at 60.2%
Its value of new business (VNB) grew by 21.9% in 2023.
F&B industry underinsured against business interruption
29% said they are covered for property damage from extreme weather only.
What five challenges do companies face transitioning to captives?
Only 5% to 6% of global captives are headquartered in the region.
Climate insurtech seals deal to offer parametric insurance in Asia
Extreme weather events cost global agriculture $10b to $15b annually.
Zurich acquires AIG's travel insurance business
The acquisition is worth $600m.
Lockton bags 4th year of double-digit growth in organic revenues
It climbed 14% YoY.
Insurance pivotal in risk resilience enhancement: Marsh
“There is No Planet B” author urged the sector to factor in risks of ongoing polycrisis.
Climate change impacts wind turbine infrastructure, insurers advised
A 10% decline in wind speed can result in over a 30% reduction in output.
QBE's profitability rises with underwriting improvements
Moody’s is also optimistic about the insurer’s premium pricing trends.
Why insurers have a $10t role in mobilising the climate transition
Howden and BCG said insurance premiums are projected to rise by 50% by 2030.
Experts highlight proactive insurance fraud prevention that combines tech, human expertise
Eduard Sargsyan and Brian Wu stressed that whilst advanced technology can increase efficiency, human expertise offers contextual knowledge to complement tech’s capabilities.
Why global cyber insurance market will remain stable in the next 12 months
Geopolitics and AI are ongoing risks that could potentially impact profitability.
Innovative partnerships propel FWD’s health insurance growth in APAC
FWD’s new health unit, HealthyMe, aims to meet the region's growing healthcare demands amidst rising incomes.
Marsh lists 4 ways to gain an advantage in growing EV market
The EV insurance market is forecasted to expand to $687.62b by 2029.
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Industry experts push for the rapid progress of unified customer data as a starting point.
