Prudential has appointed Mr Naveen Tahilyani as regional CEO for India, the Philippines, Cambodia, Laos, Myanmar, as well as Africa, with responsibility for health, effective 29 July.
The APAC region, particularly in South Korea and Japan, experienced significant wildfires, floods and earthquakes in the first quarter of 2025 leading to billions of dollars in economic and insured losses, according to an Aon report.
Aon published its Q1 Global Catastrophe Recap - April 2025 yesterday, which analyzed the natural disaster events that occurred worldwide during the first quarter of the year.
Some insurers in Myanmar have temporarily stopped selling new disaster insurance policies. This is a consequence of the powerful earthquake that hit the country on 28 March this year.
Thai insurers could be looking at payouts totalling tens of millions of US dollars following a major earthquake in Myanmar, which caused significant damage in Thailand, including the collapse of a 34-storey building under construction in Bangkok.
Myanmar's devastating earthquake death toll has crossed 1,640 as more bodies are recovered from rubble. The country and the neighbouring Thailand were rocked by a powerful tremblor and its aftershocks on 28 March 2025 around mid-day.
Munich Re has appointed Ms Hanh Nguyen as head of treaty P&C underwriting for Southeast Asia (SEA) and India, effective 1 March 2025. Since 2024, she has been acting as deputy head of treaty P&C underwriting for SEA and India.
Myanmar has introduced a cross-border motor vehicle insurance scheme for vehicles from ASEAN.
The 8th Asia Trusted Life Agents & Advisers Awards (ATLAA) concluded yesterday evening, celebrating 16 winners recognised for their outstanding contributions and performance.
Prudential has announced a regional partnership with Bangkok Dusit Medical Services (BDMS) to provide its customers in Asia access to breast cancer treatment and other related services in Thailand.