Global: Hurricanes and earthquakes could lead to global insured losses of $300bn in a peak year - Swiss Re Following the long-term annual growth trend of 5-7%, global insured natural catastrophe losses may reach $145bn in 2025, mainly driven by secondary perils like severe thunderstorms, floods and...
AIR+ AIR+ IAIS publishes comprehensive application paper on climate risk management The International Association of Insurance Supervisors (IAIS) has published its application paper...
Malaysia: General insurance industry grows 6.9% in 2024 The Malaysian general insurance industry's gross written premium (GWP) grew 6.9% y-o-y to MYR23.1bn...
South Korea: National health insurance faces major losses South Korea's national health insurance system recorded its largest-ever deficit in 2024,...
AIR+ Redefining reinsurance: Qianhai Re's vision for China and beyond (Part 1) Step into the fast-changing world of China's reinsurance industry in our exclusive interview with...
Indonesia: OJK cautions insurance sectors to stay vigilant amid asset growth and economic slowdown The Financial Services Authority (OJK) urged non-bank financial services institutions to stay alert...
AIR+ Australia: Tropical cyclone Alfred causes initial industry loss estimate of US$1.67bn Catastrophe insurance data provider PERILS has disclosed that its initial industry loss estimate...