APAC
Allianz becomes largest spending insurance brand in sports in 2024
Allianz becomes largest spending insurance brand in sports in 2024
The company has 52 sports sponsorship globally.
ILS market expands to $46b amidst rising reinsurance prices
Investors have reaped substantial benefits from wider risk margins.
Global reinsurers increase natural catastrophe exposure by 14%
In 2023, global insured losses from natural catastrophes reached $108b.
Miller names new sports and entertainment head for APAC
Krishnan's previous roles include positions at the Singapore Sports Council and ESPN STAR Sports.
Reinsurers see 6% growth in premiums
Reinsurers faced changes driven primarily by the implementation of IFRS 17.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
IFRS shifts AM Best’s reinsurance list
Munich Re topped this year’s rankings with $32.9b in revenue.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
Insurers burdened by managing investments, seeks third-party aid
Life insurers outsource less frequently than P&C or health insurers.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Tough reinsurance market compounded by IFRS 17
Although this shouldn’t affect a company’s financial strength, says AM Best.
A quarter of businesses with standalone cyber insurance act quicker
About 37% of enterprise respondents secured $100m or more in coverage.
Reinsurers capital seen to reach $625 by end of year
Thanks to higher retained earnings and lower investment losses.
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
Sun Life gets new CRO for Asia
He joins from FWD Group.
Insufficient insurance amplifies banks' climate risk
The lack of coverage raises silent risks in the banking industry, Aon said.
Reinsurers meet cost of capital for first time in four years
The industry's weighted average cost of capital rose to 8.12% in 2023.
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Industry experts push for the rapid progress of unified customer data as a starting point.
