Embedded insurance provider, EIP, has announced its new partnership with Insurtech Third Party Administrator, Nexacore, to deliver end-to-end device protection and extended warranty solutions across Southeast Asia (SEA).
Asia-Pacific insurers have relatively little direct exposure to the Middle East, but they are still being affected indirectly, mainly through financial market volatility, according to S&P Global Ratings (S&P).
Oil and gas supply shock triggered by the Middle East conflict has led several Southeast Asian countries to ramp up their coal reserves. A recent report, however, reveals that the region's shift back to coal is likely to increase costs sharply rather than reduce them.
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) Insurance Company and the ASEAN Coordinating Centre for Humanitarian Assistance on disaster management (AHA Centre) have signed a Memorandum of Intent (MoI) for a strategic collaboration to strengthen disaster impact reporting and support the development of scalable risk financing solutions.
Markel Insurance, has expanded its Warranty and Indemnity (W&I) insurance capabilities into the Asia Pacific region, with two new underwriting appointments in Hong Kong and India.
QBE Re has appointed Mr Tanaka Soichiro as Head of Southeast Asia. In this newly created role, he will lead underwriting strategy for Southeast Asia, overseeing portfolio management and growth opportunities as the reinsurer continues to expand in Asia.
Across ASEAN, disaster risk is increasingly being treated as a material fiscal risk, prompting finance ministries to move away from reliance on post-disaster budget reallocations and ad hoc assistance.
Mr Budi Herawan, Chairman of Asosiasi Asuransi Umum Indonesia (AAUI), has been appointed the 2026 Chairman of the ASEAN Insurance Council.
Natural catastrophes (Nat CAT) resulted in over $100bn in insured losses in 2025, marking the sixth consecutive year such losses topped that threshold. This is according to the "Natural Catastrophe Review 2026" report by global brokering and financial solutions firm WTW. The report noted that 2025 could be described as a 'moderate' loss year because losses were nearly $40bn lower than in 2024.
An expected increase in business insolvencies across the region will drive claims from stakeholders challenging management accountability and general fiduciary duties.