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.
International Finance Corporation (IFC) and QBE Asia will collaborate to advance building resilience and address the persistent property insurance gap across the Asia-Pacific region, according to a statement released by IFC.
HDI Global has announced Mr Haris Michaels will take on an expanded role in Southeast Asia, and Mr Stevan Bonic has been promoted to underwriting manager engineering, Australasia.