News
Marsh builds global cyber practice, forms team
It will synergise all of Marsh’s capabilities around the world.
Marsh builds global cyber practice, forms team
It will synergise all of Marsh’s capabilities around the world.
Munich Re’s preliminary net operating performance saw $1.3b, higher than expected
P&C business saw major dips, lower than expected.
OJK wants mandated insurance coverage for Indonesians: Report
Plans for vehicle insurance are in discussion.
CapitalSG acquires majority stake in a digital health and insurance company
As part of the investment, BIMA MILVIK's holding company has relocated from Sweden to Singapore.Â
Zurich inks underwriting agreement with RentCover
Current RentCover policyholders will see their policies underwritten by Zurich upon renewal.
AXA XL appoints new head of art and expertise for APAC, Europe
He is rejoining AXA XL after more than two years.
United Overseas Insurance’s profit more than doubles in 9M23
Year-to-date, net earnings reached S$18.3m in September versus the S$8.2m last year.
Chubb names new general insurance head of property, APAC & Japan
Ben McGregor will begin working on his new role on 1 December 2023.
Only half of APAC use cyber insurance – Moody’s
About 31% of respondents expressed their intention to acquire additional coverage in 2023.Â
Business insolvencies witness sharp climb – Allianz Trade
Global insolvency rates are expected to rise significantly by +6% in 2023.
Global insured losses in Q3 surpass the century’s annual average
Economic losses amounted to $295b in the nine months to September.
Marsh McLennan names new Mercer president
In the meantime, Martine Ferland will remain CEO until her retirement next year.
Blue Cross APAC underwriting performance to stay ‘subdued’: S&P Global Ratings
Its combined ratio will stay above 100% through 2025.
Ping An Insurance unveils first mangrove conservation trust
It received an initial donation of RMB10m.
SG’s bolttech partners with Three Sweden for gadget protection
The insurance is underwritten by AIG.
Liberty Mutual Re names Alex Koh as senior underwriter in Singapore
Koh will be managing and expanding LM Re's existing reinsurance portfolio.
India’s first-year premiums contraction eases in September
The month recorded a 15.5% drop, smaller than the 18.5% in August.
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
![Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential]()
Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
