Despite macroeconomic and geopolitical uncertainty, a hawkish inflationary environment and elevated interest rates, Southeast Asia's (SEA) InsurTech sector saw a surge in deal value in 2023 -- a development not seen since 2020.
Nat CATs are becoming frequent and severe because of climate change. The Philippines, having been identified as one of the most vulnerable countries to the effects of climate change, is at the forefront of facing these threats. The rising sea level and extreme weather events are just some of the challenges the country faces.
SEADRIF Insurance Company has selected Gallagher Re, a leading reinsurance broking and advisory firm, to provide reinsurance broking and risk advisory services.
Nasdaq-listed Huize Holding, which operates an online insurance products and services platform in China, says that it is very focused on landing on its next market outside mainland China in the next two quarters of this year.
Financial advisers should leverage social media to connect with millennials and Gen Z, as new research indicates they are twice as likely to get financial advice online than from a professional, says financial counselor Myles Ma.
Southeast Asian markets now have a window of opportunity to accelerate decarbonisation with actionable ideas and accelerators to unlock these ideas by 2030, according to a report by Bain & Company, GenZero, Standard Chartered and Temasek.
To better help Southeast Asian markets track decarbonisation progress, the region's first SEA Green Economy Index has been launched.
The AIA Group has launched "AIA CAN: An Eco-Office Movement" (AIA CAN) - a large-scale, multi-year programme that seeks to empower over 25,000 employees across 18 markets to adopt environmentally conscious mindsets, attitudes and behaviours to create more sustainable workplaces and a healthier planet.
Kay International AMEA Limited, a boutique reinsurance intermediary and underwriting management agency headquartered in the Dubai International Financial Centre in the United Arab Emirates, has established a wholly-owned subsidiary in Singapore. The objective is to expand its facultative and treaty reinsurance broking and placement services to Southeast Asia.
Members of the ASEAN Reinsurance Working Committee (ARWC) have signed a Memorandum of Understanding (MoU) to support underwriting capacity and set up the terms for the establishment of the ASEAN Renewable Energy Pool (AREP) under the supervision of ASEAN Insurance Council (AIC).