Prudential has appointed Dr Zoe Hibbert as chief of corporate affairs. In her new role, she will oversee Prudential's corporate affairs function, including communications, events and brand strategy.
Bangkok-based Asian Reinsurance Corporation (Asian Re) has released its financial results for 2023 for which net profits jumped by 76% to $3.21m, compared to 2022, according to a statement released by the reinsurer.
Asian Reinsurance Corporation's (Asian Re) operating performance, though marginal, is on an improving trend, notes AM Best.
Prudential has appointed Ms Grace Park as chief data, analytics & AI officer. In her new role, she will be responsible for accelerating Prudential's use of data and AI across its business functions to enable growth and deliver efficiencies.
Korea's insurance market has seen a lot of growth and innovation over the past few years, but there is still work to be done to improve the underlying health of the industry. Munich Re's Messrs Roland Eckl and Michael Hauer elaborate.
The food and beverage (F&B) industry "is exposed to a widening range of disruptive forces, from droughts and natural disasters to political unrest and trade disputes", according to WTW's Global Food, Beverage and Agriculture Risk Report 2024: How the industry is managing emerging risks and challenges.
A total of 50 finalists have been revealed for the 9th Asia Trusted Life Agents & Advisers Awards. The finalists emerged from 13 markets and 35 different companies across the region. The awards recognise the best in life insurance agents and advisory across Asia Pacific. The finalists were shortlisted by an expert panel of 12 judges comprising CEOs, association heads and industry experts through an exhaustive remote-judging process.
Among the top 300 broking groups globally, the Asia-Pacific/Australasia region is the base for 33 groups. China is the home country for 15 of the top 300 groups, according to Insuramore.
Across Asia, market conditions were mixed, with renewal outcomes varying by line of business. Natural catastrophe property risks remained challenged. Financial Lines saw a general softening, says Aon in its "Q1 2024 Global Insurance Market Insights Report" released last week.
Private equity-backed reinsurers' appetite for Asian life insurance assets is unlikely to be sated any time soon, as there are $2tn of assets/liabilities under management that are currently providing sub-par capital returns, says Guy Carpenter, the largest life reinsurance adviser in the Asia-Pacific region.