Lockton has appointed Ms Shuh Fang Huang as regional head of consulting - people solutions, Asia
According to the latest Directors and Officers Liability Insurance Survey by Willis in collaboration with Clyde & Co, 75% of the participating directors and officers in Asia view the risk of regulatory breaches as very important or extremely important to their organisations.
South and Southeast Asia, as a region, has been facing an increase in wet and extreme wet climate which presents an increase in the likelihood of extreme flooding, according to a new report by WaterAid, an international non-governmental organisation focused on water, sanitation and hygiene.
Sun Life has appointed Mr Bennet Li as senior vice president and CFO for Asia.
Insolvencies in Asia Pacific are anticipated to increase by +5% in 2025 (+1% without China) followed by +6% in 2026 (-4% without China), according to Allianz Trade in its latest Global Insolvency Report released earlier this week.
Data, analytics and insights platform GlobalData expects the APAC reinsurance market to reach $68.4bn in 2029 in terms of reinsurance accepted premiums, growing at a compound annual growth rate of 4.8% from $54bn in 2024.
Microinsurance carriers achieved the "highest rates of penetration among low- and middle-income populations in Asia and the Pacific, according to the report titled "The Landscape of Microinsurance", published by Microinsurance Network earlier this year.
AI is projected to contribute up to $1.1tn in annual value to the global insurance sector, with its positioning as a key driver of productivity and growth, according to Truong Hoang Phuc, FPT Software managing director of Global Insurance & Finance, FPT Corporation.
This year's Asia Trusted Life Agents & Advisers Awards (ATLAA), the region's most prestigious Awards recognising the best in financial advisory with an independently audited judging process, is now open for nominations.