Global non-life premiums are expected to grow to $4.8tn in 2025 (2024: $4.6tn), with an 85%:15% split between advanced and emerging markets, according to Swiss Re Institute's latest Sigma report, titled 'World insurance in 2025: A riskier, more fragmented world order'.
Overall, APAC's life insurance sector overall has a 'neutral' outlook at the moment, Fitch Ratings head of APAC insurance ratings Jeffrey Liew said at the company's media briefing.
Canopius has appointed Ms Micia Yong as head of property and specialty treaty APAC.
A total of 50 finalists has been revealed for the 10th Asia Trusted Life Agents & Advisers Awards. The finalists emerged from 13 markets and 47 different companies across the region.
Ms Christine McLoughlin has decided to retire from the Suncorp Board, effective 25 September 2025. Mr Duncan West, currently a non-executive director, has been elected as her successor. Mr West will assume his new position as chairman on Ms McLoughlin's retirement.
Allianz Asia Pacific has appointed Mr Vojtech Pivný as regional CFO.
Neighbourhood connections may be the answer to combatting residential petty crime, a new survey commissioned by AMI Insurance found.
In New Zealand, the Natural Hazards Resilience Partnership has been signed to enhance the country's coordination and cooperation in responding to, and recovering from, major natural disasters.
As New Zealanders are expecting more extreme weather events as a result of climate change, they want more to be done to reduce the risks and costs of these events to help keep insurance affordable and available.
Fidelity Life has partnered with Westpac New Zealand to introduce a new digital tool designed to help customers navigate life and income protection insurance.