The outlook for the insurance sector in 2025 remains stable, albeit amid an uncertain macroeconomic and geopolitical landscape, says the International Association of Insurance Supervisors (IAIS).
Aon has appointed Mr Robert O'Connell as global cyber strategy and growth leader and executive managing director of Reinsurance Solutions.
When asked what role innovation could play in maintaining competitiveness in the reinsurance industry, Everest Re CEO, APAC Kevin Bogardus was keen to point out that reinsurers need to be responsive to the needs of clients and the marketplace and to be solutions providers.
When asked what he expected to see in 2025, UIB Asia CEO Francis Savari first indicated that because the growth momentum in Asia would continue on a macro level, he expected that the more peripheral insurance-related mechanisms in Asia would also proceed at pace.
Non-life insurance companies are considering joint reinsurance to share business with reinsurers as the Bank of Korea lowered interest rates for the second consecutive month in November 2024.
Malaysian Reinsurance's underwriting performance improved sharply in the financial year ended 31 March 2024 (FY2024), with an insurance/takaful service result of MYR341m [$77m] (FY2023: loss of MYR2m), driven by lower catastrophe losses, says Fitch Ratings.
The slowdown in premium increases within the commercial insurance market has continued in recent months, with indications that the New Zealand market is now entering a softer market phase, says Gallagher New Zealand (formerly known as Crombie Lockwood).
Miller has appointed Mr Guy Pierpoint to its marine team in a leadership role focusing on business development.
The 11th Middle East Insurance Industry Awards (MIIA) honoured 19 exceptional winners yesterday in a ceremony at Altantis the Palm, Dubai, United Arab Emirates.
The Insurance Association of Turkey (TSB) has outlined its expectations for 2025 for the industry.