Sun Life has appointed Mr Randy Lianggara as president, emerging markets, Asia, effective 1 November 2024. In this newly created role, he will help to drive growth across Sun Life's businesses in the fast-growing emerging markets of Indonesia, Vietnam and Malaysia, as well as oversee the company's joint venture with China Everbright Group in mainland China.
Insurers are expanding into the family office space in Hong Kong and Singapore to target the needs of wealthy families in line with consumer demand, says global management consultancy McKinsey & Co.
Many businesses "perceive an increasing sense of cyber vulnerability", as technology innovations continue to drive digitalisation, according to the white paper published by Zurich and Marsh McLennan, Closing the cyber risk protection gap.
One of the things clients expect when working with insurance brokers such are diverse teams "that collaborate and work well together", according to WTW head of inclusion and diversity Jen Denby.
A new report on employee benefits in corporate India reveals that mental wellness is today a critical area of employee wellbeing programmes across India's corporate sector.
Organisations covered in a survey in the Asia Pacific region are still in the early stages of integrating sustainability into their core business operations, with only 21% having a truly strategic approach to sustainability, according to a white paper released by IBM, in collaboration with research and advisory company Ecosystm.
The Asia Pacific region maintained its share of global marine insurance premiums of 28.1% in 2023, compared to 28.4% in 2022, according to data from the International Union of Marine Insurance (IUMI) which presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin on 16 September 2024.
Value creation in the insurance industry in the Asia Pacific expanded at a slower pace than in the Americas and EMEA in the last five years, according to a report by the Boston Consulting Group (BCG).
According to Aon's 2024 Climate and Catastrophe Insight, total economic losses in APAC hit $65bn in 2023. Of the total, only $6bn (9%) were insured losses.
In Indonesia's (re)insurance market, health protection products will "experience adjustments in both premium pricing and terms and conditions (T&C) to better meet the evolving needs of the market and ensure financial sustainability" over the coming year, according to Indonesia Re president director Benny Waworuntu.