South Asia and Southeast Asia contributed more than half of the global deaths attributed to high temperature. In 2021, South Asia recorded 209,537 deaths and Southeast Asia recorded 32,230 deaths due to high temperatures.
A new framework designed to transform the cyber reinsurance landscape in the Asia Pacific (APAC) region has been launched by global reinsurance brokerage and risk management firm Gallagher Re. The new initiative aims to align the growing demand for cyber reinsurance in APAC with global capacity, offering a flexible and comprehensive solution to meet the region's unique needs.
Insurance is expected to continue playing a crucial role in legacy planning across Asia, as new research from Sun Life Asia reveals that financial protection remains the cornerstone of how families plan to preserve wealth for future generations, with most respondents fearing their wealth will not last beyond their children's generation.
Prudential's regional CEO John Cai has announced his resignation from the company, effective 31 October 2025, citing personal reasons.
Insurers are preparing for another year of economic uncertainty, with inflation once again emerging as a leading macroeconomic concern, according to BlackRock's 14th annual "Global Insurance Report".
AIG has entered into definitive agreements to acquire the renewal rights for a majority of Everest Group's retail insurance portfolios worldwide, representing in aggregate approximately $2bn of premium.
Sompo insurance has expanded its travel insurance service to a number of countries in Asia following a successful rollout in Thailand.
Clyde & Co has appointed Ms Yvonne Lam as partner, effective 1 December 2025. In her new role, she will further grow the firm's corporate insurance offering in APAC, with a focus on handling transactional, regulatory and commercial advisory matters for clients in the rapidly evolving insurance risk and regulatory environment across Australia and Singapore.
A new survey across five key APAC markets has revealed that insurers in APAC are using AI extensively and reaping benefits, yet they are also facing challenges in employing the technology.
Aon, a leading global professional services firm, has projected an 11.3% rise in Asia Pacific (APAC) employee medical plan costs, signalling stabilisation of medical plan costs after two years of steep increases.