A new survey has revealed that while overall perceptions of financial security in Asia have slightly improved, the reality is more sobering - particularly for GenZ, who emerge as the least financially secure and resilient generation surveyed.
Most people who work in insurance do so because they care about people, according to QBE Asia CEO Rob Kosova.
As populations across Asia continue to age rapidly-particularly in markets like Hong Kong, Singapore, Japan, Korea and even in mainland China-the insurance industry finds itself at a critical juncture. A recent roundtable hosted by Verisk gathered industry experts to examine the multifaceted impacts of ageing and rising chronic illnesses on healthcare and insurance, and how these challenges could reshape the sector in the next decade.
FWD Group Holdings' (FWDGHL) bottom line, underpinned by sustained growth through both onshore and offshore channels in Hong Kong and a solid business presence in Thailand, is expected to continue to improve in 2025 according to Fitch Ratings. The group's growth is also expected to benefit from its established bancassurance channel.
Mr Reynaldo A Regalado, Insurance Commissioner of the Philippines, has been elected as the chairman of Asian Reinsurance Corporation (Asian Re).
Part of the strategy refresh in QBE Asia has included a renewed emphasis on wholesale markets and a change in the company's leadership in Vietnam, QBE Asia CEO Rob Kosova said.
People and culture are part of QBE Asia's strategic priorities, the company's CEO Rob Kosova said, outlining how it plans to continue to attract and retain top talent.
United Risk has completed the acquisition of Sydney based Pinnacle Underwriting and thus expanding and strengthening its operations in the Asia-Pacific and Middle East regions in major lines of business.
Approximately 45% of respondents in South and Southeast Asia expect the use of representations and warranties insurance (R&W/W&I) to rise significantly in 2025, as compared to 2024, the third edition of the Global M&A trends and risks report showed. The report was done by Norton Rose Fulbright in collaboration with Mergermarket.
Credit insurer Coface's 1Q2025 Asia payment survey reveals that businesses across Asia, facing economic uncertainty, are bracing for longer customer payment cycles.