Magazine Table of Contents
Gross premiums written in many Asian insurance markets declined in 2020 due to COVID-19, while the degree of impact varies by market, an analysis by European global consulting firm Roland Berger shows.
Asia-Pacific reinsurers will increasingly price their insured risk on scenarios that have limited history: whether that be policies covering various catastrophe perils or landscape evolution following rapid urbanisation, says S&P Global Ratings (S&P) in a new report. The result will be higher volatility in claims and earnings.This is because risk markets are rapidly evolving. This means some of the data for pricing risk is becoming obsolete.
The digital P&C personal lines market could reach a cumulative $7.5bn in premiums over the next five years in South and Southeast Asia, according to research by Swiss Re Institute.
Singaporeans (81%) and Filipinos (78%) top the list of most stressed people in the six Southeast Asian countries according to a new survey conducted by mili.eu, the opinion-based insights platform and Calm Collective Asia, a community for good mental health in Asia.
A new survey in the UK has revealed that majority of cyber security, IT and business professionals think that remote workers pose a greater IT security risk than the office workers.