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Asia tag returned 3669 results

  • Asia Pacific: Property insurance industry to surpass US$152bn by 2028

    The property insurance industry in the Asia-Pacific (APAC) region is projected to grow at a compound annual growth rate (CAGR) of 10.8% from an estimated $93.1bn in 2023 to $152.2bn in 2028, in terms of written premiums, according to data and analytics company GlobalData.

    Asia | 25 Jul 2024
  • IT outage could hit APAC insurers hard

    The failed CrowdStrike update that caused mayhem for the computer systems of many corporates in Asia Pacific could see insurers in the region faced with hefty claims that no one saw coming.

    AIRPlus | 24 Jul 2024
  • APAC property insurance market to achieve double digit growth over the next five years

    The property insurance market in the Asia-Pacific (APAC) region is projected to grow at a compound annual growth rate (CAGR) of 10.8%. The property insurance portfolio in APAC wrote around $93bn in written premiums and this is expected to touch $152bn in 2028 according to a new report by GlobalData.

    AIRPlus | 24 Jul 2024
  • APAC: WTW appoints new head of M&A

    WTW has appointed Mr Steven Torresan as head of M&A in its Financial & Executive Risks business, for APAC and Africa.

    Asia | 24 Jul 2024
  • Asia: Economic recovery leads to higher EV and VNB

    There was an overall increase in embedded value (EV) and value of new business (VNB) across the region in 2023, reflecting the bounce-back of many economies, said Mr Heerak Basu, principal and consulting actuary at Milliman, a premier global consulting and actuarial firm.

    Asia | 24 Jul 2024
  • Wind power implications for insurers

    In 2018, typhoons Jebi and Cimarron "toppled over several turbines in Japan", according to an article published by Swiss Re, Climate Change and Wind Power: The Winds of Change.

    AIRPlus | 22 Jul 2024
  • Allianz to become Asia's 4th biggest composite insurer on completion of purchase of majority stake in Income Insurance

    German global insurer Allianz's proposed acquisition of a majority stake in leading Singapore insurer, Income Insurance, would clearly strengthen Allianz's business profile in Asia, a strategic area of growth for the group, says Mr Manuel Arrive, a director of insurance at Fitch Ratings.

    Asia | 22 Jul 2024
  • Australia and New Zealand: Chubb appoints new country president of general insurance business

    Chubb has appointed Mr Ben Howell as country president of general insurance business in Australia and New Zealand, effective 1 September 2024 and subject to regulatory approval. In his new role, he will have responsibility for Chubb's P&C and personal lines operations across Australia and New Zealand.

    Asia | 19 Jul 2024
  • Australia: Arch Insurance appoints new executive assurance underwriting manager

    Arch Insurance (Arch) has appointed Mr Alex Mackinnon as Northern Region executive assurance underwriting manager. In his new role, lead the continued growth of Arch's executive assurance portfolio across the Northern Region, which includes New South Wales, Queensland and the Australian Capital Territory.

    Asia | 19 Jul 2024
  • Asia: Manulife announces new appointments

    Manulife has appointed Ms Bonnie Qiu as chief distribution officer, Asia, effective 19 August 2024 and Mr Rishi Srivastava as chief agency officer, Asia, also effective 19 August 2024. Both appointments are to Manulife's Asia distribution team.

    Asia | 19 Jul 2024

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