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SRCC capacity, limits lower, prices harden as tensions grow
Broader strike riots and civil commotion extensions under property programs are unlikely to be the norm going forward.
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Sedgwick appoints ex FWD Singapore CEO as Asia finance director
Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.
Sedgwick appoints ex FWD Singapore CEO as Asia finance director
Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.
Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.
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Central Bank of India’s acquisition of stake in Generali JVs gets antitrust approval
The Competition Commission of India has cleared the state-owned lender's acquisition of 24.91% equity stake in Future Generali India and a 25.18% equity stake in Future Generali India Life.
Central Bank of India’s acquisition of stake in Generali JVs gets antitrust approval
The Competition Commission of India has cleared the state-owned lender's acquisition of 24.91% equity stake in Future Generali India and a 25.18% equity stake in Future Generali India Life.
The Competition Commission of India has cleared the state-owned lender's acquisition of 24.91% equity stake in Future Generali India and a 25.18% equity stake in Future Generali India Life.
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AIG hires Jules Sperring as APAC head of commercial property & business pack
Sperring joins from Allied World and will continue to be based in Singapore.
AIG hires Jules Sperring as APAC head of commercial property & business pack
Sperring joins from Allied World and will continue to be based in Singapore.
Sperring joins from Allied World and will continue to be based in Singapore.
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Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
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APAC business insolvencies projected to increase by 3% in 2024: Allianz Trade
A gradual easing of monetary policies could offer some relief, but it won’t be a silver bullet for struggling businesses.
APAC business insolvencies projected to increase by 3% in 2024: Allianz Trade
A gradual easing of monetary policies could offer some relief, but it won’t be a silver bullet for struggling businesses.
A gradual easing of monetary policies could offer some relief, but it won’t be a silver bullet for struggling businesses.
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Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
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Stable pricing trend for Asia Pacific reinsurers in 2024: Fitch
The report also stated that the rising frequency and severity of extreme weather events could increase reinsurance claims, potentially disrupting recent pricing stability.
Stable pricing trend for Asia Pacific reinsurers in 2024: Fitch
The report also stated that the rising frequency and severity of extreme weather events could increase reinsurance claims, potentially disrupting recent pricing stability.
The report also stated that the rising frequency and severity of extreme weather events could increase reinsurance claims, potentially disrupting recent pricing stability.
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Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
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P&C insurers in Asia have much higher equity risks than US peers: Moody’s
Equity risks accounted for 32% and 24% of total required capital for Chinese and Taiwanese insurers and for 33% for Japanese insurers, compared to 10% for US carriers, according to Moody's latest Capital Tool analysis.
P&C insurers in Asia have much higher equity risks than US peers: Moody’s
Equity risks accounted for 32% and 24% of total required capital for Chinese and Taiwanese insurers and for 33% for Japanese insurers, compared to 10% for US carriers, according to Moody's latest Capital Tool analysis.
Equity risks accounted for 32% and 24% of total required capital for Chinese and Taiwanese insurers and for 33% for Japanese insurers, compared to 10% for US carriers, according to Moody's latest Capital Tool analysis.
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Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
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Envest unveils leadership rejig following completion of PSC deal
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
Envest unveils leadership rejig following completion of PSC deal
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
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Jamie Taylor joins Howden Insurance Brokers Australia as partner
In his new role, Brisbane-based Taylor will be in charge of corporate risks and sport & entertainment.
Jamie Taylor joins Howden Insurance Brokers Australia as partner
In his new role, Brisbane-based Taylor will be in charge of corporate risks and sport & entertainment.
In his new role, Brisbane-based Taylor will be in charge of corporate risks and sport & entertainment.
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‘Insurers need to take more risks’: Axa’s de Courtois
The deputy group CEO tells IAN that the industry needs to go against its traditional approach to risk as climate change and cyber rise as top risks for APAC.
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BESS-wary markets look for leadership to bind risks
Renewables specialist GCube's CEO says the market has to facilitate insurance on a more consistent approach as more projects appear around the world.
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Hurricane Milton’s strength and track makes a revision of APAC renewals a near certainty
Insured losses from the “catastrophic” storm is predicted to top US$60bn as it heads for populous Tampa, which will complicate the upcoming renewals.
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Regulatory recognition key for MGAs to take off in Asia
Tech-enabled MGAs are gaining ground in China and climate change is spurring innovations in Australia, but their success hinges on supervisory approaches.
Spotlight
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Secondary perils are the risk of the future: Munich Re’s Serene Chan
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Seadrif targets Asean expansion as it ramps up advocacy to tackle bottlenecks
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Hong Kong’s Asia Insurance buoyant on D&O as reforms unleash demand
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Pacific islands cat pool PCRIC mulls expansion into private sector cover
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Blue Marble plans Asia expansion to bring insurance to the underserved
M&A
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Central Bank of India’s acquisition of stake in Generali JVs gets antitrust approval
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Specialist Risk Group makes Asia foray with Singapore acquisition
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Allianz, NTUC Enterprise and Income to review government’s objections to the deal
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Singapore government rejects Allianz-Income deal
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Brown & Brown completes acquisition of Singaporean broker Acorn
ESG
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Tokio Marine achieves carbon neutrality in FY2023
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Opinion: What has happened to the ESG agenda?
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Tokio Marine sets US$317m decarbonisation premium target for FY 2026
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Q&A: Global warming is creating uncertainty in valuation of physical assets
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Insurers need a multipronged approach to carbon transition: Zurich’s Hui
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The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
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Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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Sedgwick appoints ex FWD Singapore CEO as Asia finance director
Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.
-
AIG hires Jules Sperring as APAC head of commercial property & business pack
Sperring joins from Allied World and will continue to be based in Singapore.
-
Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
-
Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
-
Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
-
Envest unveils leadership rejig following completion of PSC deal
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
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Jamie Taylor joins Howden Insurance Brokers Australia as partner
In his new role, Brisbane-based Taylor will be in charge of corporate risks and sport & entertainment.
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Exclusive: Peak Re eyes South-East Asia A&H growth with senior RGA hire
The Hong Kong-based reinsurer has appointed Ashish Kanakia as vice president, underwriting, A&H, South-East Asia markets.
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WTW hands Ivy Lee an expanded role of Asia food and beverage industry leader
Singapore-based Lee will focus on developing bespoke risk financing solutions for complex F&B organisations across Asia while also retaining her current role as head of property for the region.
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MSIG Asia hires senior execs for Asia expansion
Rajnish Pal has joined the firm as senior vice president and head of transformation while Christian Kolmberger has been appointed as senior vice president, underwriting, reinsurance and claims.
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Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
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Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
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APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
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Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
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Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
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Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
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Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
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Motor results shore up Korean majors’ FY23 underwriting performance
While the carriers have seen strong premium growth in the past year, their long-term and commercial businesses' underwriting returns remain under pressure and weighed on overall results.
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak Re
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied World
Indexing Covered Calls for Insurance
Priscilla Luk, Managing Director of Global Research & Design, Asia Pacific at S&P Dow Jones IndicesIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
IFRS 17: "Rather than looking for temporary workarounds and tactical solutions, the efficiency of the whole end-to-end (E2E) financial reporting chain will need to be reengineered."
Martyn van Wensveen, EY