APAC

About 142 IPPs and ISPs were established over the last five years.

Generali agreed to buy a 51% stake in Generali China Insurance.

Man-made major losses rose to $451m, the largest being the bridge collapse in Baltimore. 

The region showed the fastest-growing CAGR.

Premiums declined by 2% in constant currency.

The region’s sales, however, showed mixed results.

WTW said this trend was mainly seen in the W&I insurance market.

It said it boosts its ProLink Solutions personnel by 40%.

APE sales in Asia climbed 13% YoY to $950m.

Only 44% of respondents feel prepared for an IP ‘Black Swan’ event, Aon said.

Supply chain disruptions can jeopardise project returns.

Moody’s CRO presses cyber is the most common risk across sectors and regions.

Industry experts eye offshore investments as most attractive, yet more expensive.

The insurer will provide financial support and aid with strategic and visibility matters.

EV insurance is estimated to surge $687.62b by 2029.

The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.