The actuarial profession will need to evolve as Singapore and Asia face a world of increasingly complex, interconnected and consequential risks, according to Mr Alvin Tan, a Board Member of the Monetary Authority of Singapore who is also Minister of State, Ministry of Foreign Affairs and Ministry of National Development.
The insurance market for high-net-worth individuals (HNWIs) remains structurally underpenetrated, creating a window of opportunity for insurers, according to a report by global management consultancy McKinsey & Company.
Mandarin Re has appointed Mr Patrick Ward to its Board of Directors.
HSBC has initiated a reorganisation of its insurance business, HSBC Insurance (Asia), in the wake of CEO Mr Edward Moncreiffe's departure.
Canada Life Re has announced the formation of its new regional office in Singapore, and appointed Mr Wil Chong as CEO to lead the entity.
Insurance catastrophe models are failing to factor in a little-known class of earthquake despite it being linked to two thirds of industry losses from seismic events in the last decade.
The finalists for the 30th Asia Insurance Industry Awards have been revealed, with 49 of the region's top insurers, reinsurers, brokers, risk managers and service providers making the shortlist. The awards are well known for their stringent criteria and transparent selection process, overseen by a panel of expert judges from across the insurance industry. This year, the awards attracted almost 185 entries in 16 categories.
As people live longer, more are asking the questions, "What will the quality of those years look like?" and "ow do we live longer with health, dignity, independence and purpose?", according to AIA Singapore CEO Wong Sze Keed.
Mandarin Re, a specialty property and casualty reinsurance company, has increased its paid-up capital to $26m.
Global GDP is expected to expand at a resilient pace of 3.0% in 2026 and 3.4% in 2027, according to a blog by Peak Re, which cited the IMF World Economic Outlook report "Global Economy in Crosscurrents of War and Technology".