APAC
Chubb’s balance sheet ‘strongest’ in its financials – AM Best
Chubb’s balance sheet ‘strongest’ in its financials – AM Best
AM Best forecasts that earnings and cash flows from Chubb Limited's operating subsidiaries will continue to support risk-adjusted capitalization if the need arises.
WTW boosts Asia's corporate risk and broking team
Rupert Roberts and Christine Lau are the two newly appointed leaders at WTW.
Sompo Int’l taps new head of claims, commercial insurance APAC
Pablo Diago will report to Paul O’Neill, President of Commercial Lines Insurance for APAC.
Malaysian Re assembles ASEAN RE pool to boost net zero efforts
It aims to lead the ASEAN (re)insurance industry in supporting ASEAN countries' efforts to achieve net-zero emission targets
Prudential to see robust financial status in 12-18 months: Moody’s
The top five markets contributing to IFRS operating profit were Hong Kong, Singapore, Vietnam, Malaysia, and mainland China.
Natural catastrophes drive insured losses to record levels in 2023 – Swiss Re
Insured losses in the year alone have surpassed $100b, driven by thunderstorms.
Arthur D. Little sees embedded finance growth to $350b in 2024
Generative AI and the expansion of fintech brands into the insurance sector are predicted to propel the industry’s advancement to new heights.
65% expect surge in insurance M&A in HK and S’pore for 2024: Survey
Diversified investments, consolidation, new tech, and emerging regulations drove this sentiment upward.
Inflation hits non-life insurance hard, property and motor sectors face uphill battle: Malaysian Re
The main impact of inflation on insurers' balance sheets is likely to be an increase in claims costs.
Swiss Re predicts $4t surge in life savings premiums by 2033 amid pension and retirement savings concerns
An estimated retirement savings gap of $106t exists across government-provided, employer-based, and individual pension savings in eight major economies in 2022.
Climate risks are still insurable in global South – Howden
In his keynote speech at COP28, the CEO and founder emphasised the potential of loss and damage fund.
How global issues impact reinsurance: Guy Carpenter
Repricing risks, using quality data, and seeking alternative solutions are fundamental steps for insurers.
Three threats that pose a challenge to insurance investors in 2024: Conning
Richard Sega, Global Chief Investment Strategist at Conning emphasised that effective risk management is key.
Marsh completes acquisition of Honan Insurance
Josh Roach will be the merged entity’s president in January.
Swiss Re aims for $3.6b in net income amidst IFRS shift
Its SST ratio is perceived to be unaffected by the shift to IFRS.
Gallagher Re promotes Mark Hansen to COO role
He was previously COO of the North America segment.
Sun Life unveils new Chief Distribution Officer for Asia
Patrick Wei will be in charge of Asia’s distribution strategy, collaborating with distribution leaders across the region.
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Industry experts push for the rapid progress of unified customer data as a starting point.
