APAC

WTW lists 5 benefits of parametric insurance in energy sector

Regular payouts often take 15 to 30 days, but parametric can expedite this long-wait.

SCOR merges APAC Life & Health units under new leadership

Dion Russell left SCOR to pursue other opportunities.

Extortion cyber attacks rank financial services as 4th most targeted

Australia and New Zealand more vulnerable compared to firms in Europe or North America.

Aviva Investors appoints new APAC solutions sales head

He has over two decades of experience in the insurance investment industry.

CrowdStrike meltdown may shore up cyber insurance premiums

Insurers are refining their policies after the global tech outage to better manage risks.

Cyber insurance market set to reach $121b by 2032

APAC is expected to experience significant growth due to rising ransom attacks.

Heightened geopolitical risks in Asia and the Middle East keep global firms on edge

Businesses are turning to credit insurance to navigate risks and safeguard their financial stability.

De-risking drives reinsurance market stability

Current claims activity is increasingly influenced by medium-sized events.

Canopius profits surge 53% in H1 2024

Insurance contract written premiums also climbed 23% YoY.

Coface’s H1 2024 net income climbs 10% YoY

This was equivalent to $156.5m in earnings for the period.

A complement, not replacement: Understanding parametric insurance

With rising disasters and cyber-attacks, parametric insurance offers an alternative to traditional indemnity-based coverage.

Chubb makes chief appointments in finance team

Their roles are effective 4 September.