Liberty Mutal Insurance has appointed to its recently formed APAC team Mr David Tam as chief information officer; Mr Robert Mercer as head of claims; Mr Tibor Nagy as CFO, effective 6 January 2025 and Ms Vidhi Kapoor as regional head of HR, effective 6 January 2025.
The winners of the 28th Asia Insurance Industry Awards were unveiled last night, with 20 of the region's top insurers, reinsurers, brokers, risk managers and service providers bringing home a trophy.
Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.
Asia Pacific's insurance industry shows robust growth potential, particularly in accident and health, cyber insurance, and electric vehicle (EV) coverage, despite challenges, says global reinsurance broker, Gallagher Re.
While life insurance agents should know their products and be transparent about the terms of a policy, empathy is key when it comes to connecting with a prospective client.
S&P Global Ratings (S&P) has identified several major trends and risks in the Asia-Pacific reinsurance sector in its report titled "Asia-Pacific Reinsurance Sector Update - Improvements Are Underway".
Tysers has appointed Ms Babita Rai as CEO, Singapore and Mr William Furness-Smith as head of marine, APAC.
Tokio Marine Kiln (TMK) has appointed Mr Alexandros Ampatzis as head of marine in APAC, effective 1 November. In his new role, he will primarily be focused on deepening TMK's presence in target markets across the region and continuing the team's rapid growth.
Australia's biggest general insurer QBE has announced a strategic partnership with Taipei-headquartered Eos Rhea Metis (ERM) to enhance its risk engineering services for corporate clients in Taiwan and across Asia.
Composite insurance rates in Asia declined by 4% in the third quarter of 2024, following a dip of 3% in 2Q and 2% in 1Q2024, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.