APAC

Deloitte Southeast Asia’s Lim Siang Thnia highlights need for insurers to evolve to mitigate risks, maximise growth

As the operating environment changes, insurers should focus on creating a work environment focussing on innovation and digital expertise.

Munich Re’s net profit soars 40.6% YoY in Q2 2024

The company hopes to reach $5.5b by the end of the year.

Beazley’s H1 2024 profit jumps two-fold

Earnings per share stood at 68.7 pence.

Asia’s Q2 insurance pricing stays flat

Overall capacity was sufficient but challenges persist in property and flood risks

QBE doubles net profits to $802m in H1 2024

Its gross written premium increased by 2%.

Zurich APAC’s GWP jumps 9% YoY, group profit surges 21% YoY

Its life business in the region saw double-digit growth.

How bancassurance can overcome data sharing challenges

A varied regulatory environment remains a consistent challenge for data sharing.

AXA net income climbs 6% YoY in H1 2024

Thanks to higher underlying earnings and net realised capital gains.

Guy Carpenter estimates CrowdStrike outage loss ~$1b

A malicious attack on a widely used operating system could birth $2b in losses.

Manulife Asia’s profit quadruples, Hong Kong segment doubles core earnings

The group’s NBV margin improved by 3.4 percentage points.

Global insured NatCat losses hit $60b in H1 2024

The US alone experienced 12 severe storms in H1.

Howden Re boosts cyber reinsurance with new appointment

The company forecasts the cyber insurance market to reach $40b by 2030.

Top APAC insurers see market cap growth of Q2 2024

China Life Insurance led with a 9% growth during the period.