Economies in developing Asia and the Pacific have an opportunity to reap a "silver dividend" in the form of additional productivity from older people, which could boost gross domestic product in the region by 0.9% on average.
Chubb has appointed Ms Kate Burke as head of international personal lines (IPL), APAC. In her new role, she will be responsible for growing the auto, residential, specialty and high net worth lines of business across Chubb's APAC operations.
Insurers should focus on the main risks as they adapt to the rapidly changing technologies and regulatory landscape around electric vehicles, according to Mr Ichiro Seino of Marsh Japan.
High inflation is a primary macroeconomic driver of cargo crime patterns and the rise in food and beverages as a stolen commodity is one such indicator according to annual Cargo Theft Report 2023.
Climate change could see malaria cases in countries previously free of the disease, bringing new health risks for workers travelling overseas according to health and security firm International SOS.
Insurance rates in the first quarter of 2024 in Asia declined 2% after being flat for the three prior quarters, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.
Asia is a region where the significance and impact of health, health care and health insurance cannot be overstated, said QBE Singapore CEO, Ronak Shah, speaking in his capacity as General Insurance Association of Singapore president at the 19th Asia Healthcare and Health Insurance Conference yesterday morning.
Kairos Risk Solutions has appointed Mr Stephen Lee as managing director, banking solutions. In his new role, he will spearhead Kairos' consulting solutions to major banks within Asia.
A high proportion of 85% of companies in Asia currently provide some form of insurance benefit to employees, according to the results of a survey which are published in a new report titled "Asia Employee Benefits Report".
Global Risk Solutions (GRS), Liberty Mutual's global commercial and specialty (re)insurer and international insurance operations, has been restructured to bring together two business units in Asia - LSM and Asia Retail Markets - under a single unified strategy in the region.