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".
AIA has appointed Mr Fisher Zhang as regional chief executive, subject to all necessary regulatory approvals. He will continue to fulfil his current responsibilities until the senior management appointment officially takes effect.
The middle-class Asian Gen Z demographic is at an earlier life stage, with many currently in the lower middle-class segment. Nonetheless, they are more ambitious and self-confident compared to Millennials and Gen Y, with a strong desire to move up from middle-class status, says Peak Re in a report.
Allianz Asia Pacific has reported a total operating profit of EUR584m ($616m) for the nine months to 30 September 2024, representing an increase of 3%, bolstered by strong performance in its Life/Health and Property/Casualty business.
Zurich Insurance (Hong Kong) is focusing on creating a sustainable ecosystem and promoting eco-friendly practices and healthier lifestyles within the community.
The life insurance industry is "undergoing a profound transformation driven by an unpredictable world and the rapid evolution of intelligent technologies", according to a report, "Life Insurance x AI", published by Eliot Partnership and Snowflake.
In addition to the obvious financial benefits like helping clients set important goals and stay on track financially, financial advisers can transform their lives for the better, says Mr Mike Salierno, founder and financial planner at Eterna Generational Planners.
Chaucer Group has appointed Mr Ivan Sit as class underwriter, marine. In his new role, he will launch Chaucer's regional marine offering via the company's Lloyd's Singapore platform.
The Protection Gap Study 2022, published by the Life Insurance Association Singapore (LIA) in 2023 enhanced understanding of challenges faced by different segments of society, providing insights on where there are opportunities to support the community in bridging their underinsurance gaps, according to Life Insurance Association, Singapore executive director Chan Wai Kit.
Digital transformation is no longer an option, but a "necessity to survive and thrive", according to EY Partner Bernadeth Saoria Gultom at the 28th Indonesia Rendezvous, which ran from 9 to 12 October in Bali, Indonesia.