Insurance pricing in the fourth quarter in Asia increased by 2%, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report released yesterday by leading global insurance broker Marsh.
With APAC's exposure to extreme weather events leading to unsustainable natural hazard losses and high inflation worsening them, reinsurers in the region will face challenges in their growth in 2023.
Liberty Global Transaction Solutions (GTS) has launched its contingent legal risk insurance (CLRI) M&A product in the Asia-Pacific market.
In India, one in five health insurance policyholders is unaware of basic policy terms despite purchasing the policy on their own according to a new insurance literacy survey by ICICI Lombard Insurance.
Specific drivers will prevail in the insurance industry during 2023 and these will include ESG risks, geopolitics, technology change and claims inflation according to Kennedys, the global law firm in its annual forecast report for the insurance sector.
Government initiatives in the insurance sector and measures to improve financial inclusion have driven insurance adoption across segments in India according to the Economic Survey 2022-23 presented to the Indian parliament on 31 January 2023.
Preliminary data totals across Asia Pacific showed an insured loss for 2022 from Nat CAT events at $11bn, according to Gallagher Re.
Ms Kelly Gwynn, an Associate Advisor at Moss Adams Wealth Advisors, cites the benefits of having a supportive team and the fascination of learning about financial planning's emotional and psychological side as reasons for loving her profession.
Prudential has appointed Mr Chris Ma as Prudential Macau general manager. He was formerly AIA Macau CEO prior to joining Prudential. He brings more than 30 years of experience in the insurance industry.
Allianz has appointed Mr Sam Poquiz as AGCS Pacific regional manager for liability. In his new role, he will lead the liability team in Australia and support the growth of AGCS in Asia Pacific by developing and executing the local underwriting strategy.