Asia experiences the highest protection gap - the proportion of total economic losses that is uninsured - for weather-related extremes according to a new report by the global association of insurers Geneva Association (GA).
Insurers should deploy automation and Gen AI to compensate for expertise shortages and to drive efficiencies as populations age and mobility patterns shift in Asia and globally, according to the "2025 World Property and Casualty Insurance Report" by Capgemini Research Institute.
bolltech yesterday announced its partnership with Sumitomo Corporation, one of Japan's largest trading houses. The two companies will enter a joint venture to deliver technology-enabled embedded solutions to distribution partners across a number of markets in Asia.
Great Eastern yesterday reported its financial results for first quarter ended 31 March 2025.
Manulife reported its first quarter results for the period ended March 31, 2025, delivering record insurance new business results and steady growth in book value per common share.
Investment solutions company Amundi has appointed Mr Jian Xiong as insurance specialist for Asia. In his new role, he will strengthen the development of investing offerings and bespoke solutions for insurance clients across Asia.
Insurance rates in the Pacific region declined 8% in the first quarter of 2025, revealed Marsh's Global Insurance Market Index.
To help financial firms prevent fraud attempts on their companies and customers, US-headquartered FS-ISAC, which advances cyber security and resilience in the global financial system, has published "Leveling Up: A Cyber Fraud Prevention Framework for Financial Services".
Composite insurance rates in Asia fell 3%, on average, in the first quarter of 2025 due to competition, according to the Global Insurance Market Index released by Marsh.
Climate change induced shocks could result in at least 6% annual economic losses in one third of Asia -Pacific countries according to a new report by the UN Economic and Social Commission for Asia and the Pacific (ESCAP).