Willis, a WTW business, has appointed Mr Alex Benson as Head of Construction and Natural Resources Claims, in Asia, effective 6 April 2026.
Sedgwick has launched its Global Specialty platform, a forward-looking and dedicated solution designed to handle the largest and most complex losses.
Peak perils in 2025 accounted for only a small share of overall losses, according to the latest report by Howden Re. Outside of the US, losses were driven by a series of notable, but localised events across Asia and Europe, producing moderate insured losses amid significant human and economic impacts.
Sun Life has announced the appointment of Frankie Leung as the new Chief Agency Officer for Asia, effective 16 March 2026.
The India Rendezvous, to be held in Mumbai, India, from the 19-21 January 2026 is a sold-out event, attracting a record number of around 1,100 participants from 49 countries, once again highlighting the growing significance and importance of the Indian market to the international insurance community.
Business interruption is the biggest worry for companies in Asia Pacific in 2026, according to the latest edition of the Allianz Risk Barometer. The past year has also been a significant one for accelerated adoption of AI, which is reflected in its ranking as the biggest riser in the annual survey at #2. Changes in legislation and regulation, and market developments are also significant risks, ranking #3 and #4 respectively.
Prudential plc has announced that Sir Douglas Flint will be appointed as a Non-Executive Director and Chair-Designate.
In 2025, losses from natural disasters in the Asia-Pacific cost around $73bn. These work out to about one third of the total global losses due to natural disasters in 2025. This is also above the 10-year average of $66bn. Only $9bn was insured. In many lower-income countries, insurance penetration remains below 5% according to global reinsurer Munich Re.
A study by multinational insurer Prudential has found that a majority of young adults in the region want a more structured approach to managing their finances. The research, titled "Financial Mindset of Young Adults in Asia", found that more than 71% of respondents prefer clear financial planning over spontaneity, maintaining consistent insurance and investment habits.
Mitsui Bussan Pana Harrison has appointed Ben Crookenden as Head of Energy - Specialty Division. Ben brings over 20 years of experience in insurance and reinsurance broking, with more than 15 years based in Southeast Asia.