APAC

AIA's VONB jumps 27% in Q1, beats forecasts

AIA responded to investor demands by adding $2b to the existing $10b buyback.

Sompo taps new chief investment officer

Thomas Leone will be coming from PartnerRe.

Insurers shell out $20b to implement IFRS 17

Yet, firms report no significant impact came from the new standard.

How private equity will mould the region’s life insurance market

Asia saw $25b in private equity-backed reinsurance transactions in 2023.

What will drive the health and medical insurance market for the next 4 years?

The industry is projected to rise at a CAGR of 8.9% by 2028.

Swiss Re, Appian expand underwriting tool to APAC

The solution is integrated with Swiss Re's automated underwriting system.

Higher EV sales to surface new insurance risk factors: SRI

EV insurance can take the global market size to more than $200b in 2030.

Making bancassurance partnerships work: It takes two to tango

There are 10 types of innovation that can insurers and banks can do.

Dr. Henrik Naujoks of Bain & Company: Insurers must shift from damage reimbursement to incentivising risk-reducing behaviours

Naujoks stressed that changing customer behaviour, climate change, and technological disruptions, amongst other factors, are radically altering the insurance industry's risk landscape.

Commitment issues rise amidst climate risks dampen insurance reliability

Typhoon Koinu alone in 2023 led to over $500m in insurance claims.

QBE underwriting reforms show promise: S&P Global

QBE to maintain capital redundancy at or above the 99.95% stress level.

Howden Re appoints new client strategy chariman

David Hearn has over 42 years of experience in the industry.

MSIG to stay afloat in the next 2 years: S&P

MSIG HK is unlikely to be sold despite its small capital and earnings contributions. 

HDI Global's Q1 net income rises to $112m

Thanks to inflation-related price changes and new business in property.

Howden inaugurates SME cyber insurance platform

Only one in 10 SMEs invest in cyber insurance.