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- October 16 2023
Opinion: Asian (re)insurers are waking up to a new typhoon loss reality
2023 has been a wet one across the region, while the size, intensity and frequency of windstorms appear to be increasing, especially in China.
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- October 6 2023
Asian EV insurance market revving for expansion beyond China
As electric vehicle manufacturing, ownership and charging infrastructure grow rapidly around the region, carriers are rolling out tailored products.
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- October 3 2023
Opinion: Is APAC really a mature insurance market?
A healthy 12% CAGR across the bespoke and nuanced liability covers markets is a sign that the region is quickly catching up with the US and Europe.
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- September 27 2023
Mega cargo vessels present growing claims issues for Asia ports
Cargo from larger ships is exposed to potentially higher risks by staying in ports longer, increasing the prospect of claims in relation to theft, delays in delivery, flooding, defrosting and container damage.
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- September 21 2023
China-Taiwan woes put pressure on marine (re)insurance market
Lack of data for accumulation risks and unavailability of a maximum loss scenario are real concerns for the shipping sector, says IUMI president Frédéric Denèfle.
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- September 14 2023
RVS Monte Carlo: What APAC markets can learn from the 2023 edition
Secondary perils, cyber risk and pressure from the war in Ukraine dominated discussions at the reinsurer meet-up, as well as the return of industry legend Brian Duperreault.
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- September 12 2023
RVS Monte Carlo: APAC carriers hit by secondary peril volatility, but losses yet to impact reinsurers — Aon
Historic flood losses from around the region on the agenda as leading (re)insurance players gather in Monaco.
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- September 5 2023
Market rebound, XOL to drive APAC aviation rates, cover despite capacity flux
The market is relatively flat for hull and liability but material changes are being seen in war risks and a ‘natural increase in premium' is likely with a recovery in general aviation activities.
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- September 1 2023
Asian dark fleet operators’ future in question after Gabon coup
A safe haven for shadow fleet and the fastest growing flag for sanctioned oil shipments, the country’s political situation could have implications for entities in India and Hong Kong.
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- August 25 2023
Opinion: ‘Smart urbanisation’ is a ticking time bomb for APAC (re)insurers
Carriers are scrambling to manage high property value and cyber risks related to the growth of the digital economy and infrastructure across major APAC conglomerations.
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- August 18 2023
Indonesia’s Covid-hit credit (re)insurance market not yet out of the woods
Despite significant reserve strengthening and re-underwriting of policies, uncertainty around the ultimate claims position remains given the long duration of products.
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- August 11 2023
Allianz records 15% P&C profit drop in APAC despite top line growth
The overall APAC COR including Australia deteriorated from 95.8% to 97.4%, as the group restructures in the region.
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- August 8 2023
Capacity challenge for Asia’s offshore wind market as nat cat, accumulation risks rise
Larger turbines, wind farms being created further offshore and more ambitious projects mean (re)insurers need to adapt quickly.
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- July 27 2023
Marine (re)insurers in a lurch with rise of ‘dark fleets’ in APAC
Carriers feel they are left on the margins while unscrupulous actors in the region side-step Western sanctions on Russian shipments.
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- July 25 2023
Asia cyber market ‘to outperform the rest of the world’
While most of the buyers are still larger companies, the real growth opportunities come from the underpenetrated SME and mid-market.
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- July 21 2023
Opinion: Australian flood inquiry needs to broaden scope to probe impact of state taxes, land use rules
A shortage of expert assessors, building labour and materials constraints, and the complexity of recovery and resilience programmes delivered by state governments exacerbate problems.
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- July 14 2023
Cyber market in APAC set to surge by 2025
Overall market growth for the sector continues to be bullish with SMEs in the region bearing the brunt of malware attacks and cyber war.
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- July 10 2023
Opinion: Australia’s cyclone pool helps ease pressure on cat limits
ACRP is set to assume more than 90% of the market’s cyclone exposure for household, strata and small business property policies.
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- June 30 2023
Inver Re plots course for expansion of index products in APAC
The region’s cyber, marine and specialty will form a core market for the placement and structuring of ILW offerings, says Tom Johansmeyer.
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- June 28 2023
Opinion: When algorithms fail – the Australian pricing debacle
The ASIC review, which blames overreliance on technology, offers a cautionary tale for the wider (re)insurance markets.
