APAC

Cigna has operations in seven markets in Asia-Pacific.

Sompo Holdings Asia led the round with an investment of $50m.

He will also be a member of the company's Global Leadership Team.

Michaela Hannemann will be based in Singapore.

The German reinsurer anticipates growth in the P&C and health reinsurance.

General insurance premiums to rise to 10% above pre-COVID-19 levels in 2021.

Outlook for 2021 however looks bleak.

Uncertainty brought by COVID-19 had started to diminish.

Prudential Life Assurance Lao Company Limited (“Prudential Laos”) is pleased to be named “Domestic Life Insurer of the Year” by The Insurance Asia Awards 2021. The company was recognised for launching its all-in-one digital health and wellness application Pulse by Prudential (Pulse) to help Lao people take charge of their health and wellness. The prestigious award also applauded the community engagement initiatives rolled out by Prudential Laos in response to the COVID-19 outbreak.

The Asian insurance industry has shown strong resilience, despite the economic crisis brought about by the COVID-19 pandemic since the start of 2020. According to a recent Bank of Singapore article, China‘s GDP is expected to grow by 8.7% in 2021 whilst key Asian countries such as Singapore, South Korea, and Taiwan are expected to grow by an average 5%.

The top 20 insurance firms reported an aggregated premium of $821.4b.

M&A decreased by as much as 51% in H1 2021.

Its less mature commercial insurance market is actually an asset, Concirrus’ executive reveals.

Climate change and the COVID-19 pandemic presents vast potential for the reinsurers’ to transform.

Michael Harden brings with him 45 years of experience in the industry.

The awards programme received the most number of nominations this year since its inception.