APAC
Usage-based insurance to propel with a CAGR of 27.6% by 2030
Usage-based insurance to propel with a CAGR of 27.6% by 2030
The market is projected to reach $64.29b
Groke calls for strong implementation of ship situational awareness systems
17% of marine insurance claims from 2017 to 2021 were due to collisions, foundering, or sinking.
Corebidge acquisition could catapult Nippoin Life’s profitability
Fitch projects an increase in consolidated core profit by ~$580m.
MS Reinsurance rebounds in FY’23 amidst favourable conditions
Gross written premiums increased by 34%.
AXA XL names Riha for Key role in Europe, Asia
She will be relocated from Singapore to Dublin.
SCOR logs $191.45m in Q1'24 driven by robust P&C segment
Business segments had mixed results during the period.
AIG sells 20% stake in Corebridge to Nippon Life
AIG will keep its 9.9% share in Corebridge for two years.
China strengthens reserves for critical illness policies
Jefferies says looming concerns could dampen profitability.
Swiss Re realigns business units after Ojeisekhoba’s departure
Ivan Gonzalez will soon be CEO of Corporate Solutions.
Zurich Insurance P&C revenue up 12% in Q1’24
Farmers Management Services (FMS) achieved a 6% growth.
Swiss Re posts $1.1b net income in Q1’24
Insurance revenue reached $11.5b.
Claims management key to insurance profitability – KPMG
Traditional claims functions must now evolve to incorporate advanced technologies.
MS Reinsurance boosts board of directors with new appointments
Fukuda and Ellenbürger’s roles are effective 24 April.
Allianz Q1’24 profit sees 6.8% YoY jump
The growth was driven by its P&C segment.
Only 60% of financial firms have cyber risk plans
The survey also revealed the top 10 business risks institutions are facing.
Is ‘Londonisation’ good for Asia’s M&A insurance market?
Industry experts dissect the region’s low usage rates for M&A insurance despite more industry players entering the field.
Global trade risks prompt exporters to consider insurance
45% of Chinese exporters are expecting their turnover to grow this year.
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Industry experts push for the rapid progress of unified customer data as a starting point.
