Miller has appointed Ms Elizabeth McGonagle as head of power, APAC, effective January 2025.
State-owned Mongolian National Reinsurance (Mongolian Re) has projected that it would gradually manage down the management expense ratio by expanding its premium scale and improving its operating efficiency over the short to intermediate term, noted AM Best.
Pan-Asian insurance group AIA Group's (AIA) consolidated capitalisation is expected to remain very strong, notwithstanding dividend payments and the increase in share buybacks, said Fitch Ratings.
In 2024, the CFA Institute and CFA Society Singapore launched the voluntary Diversity, Equity, and Inclusion Code in Singapore (DEI code Singapore). It offers financial services organisations that choose to follow it voluntarily a framework for developing DEI strategies.
The outlook for the APAC insurance sector in 2025 is maintained as "Neutral', supported by stable operating margins and strong solvency buffers, says Fitch Ratings.
More than three-quarters (76%) of insurers in Asia Pacific (APAC) anticipate higher or significantly higher medical trends over the next three years, according to a survey of health insurers conducted by WTW, a leading global advisory, broking and solutions company.
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.
Tokio Marine Kiln (TMK) has appointed Ms Georgina Furness-Smith as cyber underwriter, effective 2 January 2025. In her new role, she will focus on further expanding TMK's presence in markets across the region, as well as maintaining and accelerating the cyber team's growth.
When asked what some common concerns clients had raised this year, Markel managing director APAC Christian Stobbs pointed to continued geopolitical instability and conflict in and around the Red Sea as a "clear focal topic".