APAC
The global insurance market projects a 4.5% CAGR increase by 2027
The global insurance market projects a 4.5% CAGR increase by 2027
Demand for car and travel insurance is increasing, amidst mandatory coverage.
WTW’s net income falls 6% YoY in Q1'24
Diluted EPS for the quarter was at $1.83.
AI insurance tech receives $2b investment in 2023
Insurers need to stay ahead amidst tech disruptions, says GlobalData head.
Munich Re projects $2b net profit in Q1’24
It forecasts a net profit of €5b for the year, 9% higher than 2023.
MS Amlin onboards Moody’s RMS
MS Amlin will utilise Moody’s cloud-native applications for underwriting, capital and pricing.
Chubb witnesses 13.3% net income surge in Q1’24
The group saw strong results in its commercial and consumer P&C and Asia life businesses.
Veteran DBS banker joins Kairos
Stephen Lee has more than 30 years of experience in the industry.
QBE Asia taps new business development lead
Jordan Steward carries about eight years of experience in the industry.
Chubb acquires Healthy Paws
It is acquiring the pet insurer from Aon.
Swiss Re to roll out AI tool for better decision-making
The initiative is set for a broader rollout later in the year.
SEADRIF confirms Kawai as leader in disaster risk
He will also serve as the secretary general of the ASEAN +3 DRF initiative.
Reinsurers see April renewals stabilise
Increased capacity alongside demand was seen in APAC, says Aon.
Marsh McLennan Q1’24 revenue up 9% to $6.5b
Marsh’s APAC business saw its revenue jump 6% YoY.
Munich Re's regional restructuring focuses on P&C business
New leaders have been selected for Japan, Korea, and India.
Generali revamps organisational structure
Generali Investments Holding will manage global asset management activities.
Asia bears $17b of Q1 natural disaster economic loss
Less than half of the global economic losses were insured during Q1’24.
Liberty Mutual bolsters capabilities to expand in APAC
Liberty Specialty Markets and Asia Retail Markets will merge.
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Industry experts push for the rapid progress of unified customer data as a starting point.
