MSIG Asia has appointed Mr Alexander Liu as vice president. He also serves as cyber underwriter. In his new role, he will lead MSIG's efforts in advancing cyber and financial lines offerings and supporting sustainable growth across the region.
The desire to free up capital is a major factor driving the opportunity in Asia for asset-intensive longevity transactions, says Reinsurance Group of America (RGA). Two other main elements are the ageing population and regulatory changes.
As risks continue to evolve, risk experts around the world have to reassess the importance of existing and emerging risks constantly. We spoke to Aon's Mr Joe Peiser on what risk trends the industries in APAC have been seeing, and how Aon is adjusting to those trends.
Miller has appointed Ms Elizabeth McGonagle as head of power, APAC, effective January 2025.
State-owned Mongolian National Reinsurance (Mongolian Re) has projected that it would gradually manage down the management expense ratio by expanding its premium scale and improving its operating efficiency over the short to intermediate term, noted AM Best.
Pan-Asian insurance group AIA Group's (AIA) consolidated capitalisation is expected to remain very strong, notwithstanding dividend payments and the increase in share buybacks, said Fitch Ratings.
In 2024, the CFA Institute and CFA Society Singapore launched the voluntary Diversity, Equity, and Inclusion Code in Singapore (DEI code Singapore). It offers financial services organisations that choose to follow it voluntarily a framework for developing DEI strategies.
The outlook for the APAC insurance sector in 2025 is maintained as "Neutral', supported by stable operating margins and strong solvency buffers, says Fitch Ratings.
More than three-quarters (76%) of insurers in Asia Pacific (APAC) anticipate higher or significantly higher medical trends over the next three years, according to a survey of health insurers conducted by WTW, a leading global advisory, broking and solutions company.
When asked what role innovation could play in maintaining competitiveness in the reinsurance industry, Everest Re CEO, APAC Kevin Bogardus was keen to point out that reinsurers need to be responsive to the needs of clients and the marketplace and to be solutions providers.