Short-duration, high-intensity rainfall events are expected to intensify across Southeast Asia in both frequency and severity amid a warming climate, putting pressure on insurers. This is according to a new study by commercial property insurer FM and the Tropical Marine Science Institute (TMSI) at the National University of Singapore (NUS).
Although global natural disaster losses reached $112bn in the first half of 2026-slightly below the ten-year average of $113bn-Asia-Pacific faces growing climate-related threats, according to Munich Re.
Targeted investment in climate resilience could help ASEAN countries avoid up to $82bn in potential losses to renewable energy infrastructure, according to a new energy resilience report by Zurich Insurance.
Coface has appointed Mr James Yau as Head of Commercial, Southeast Asia (SEA) and Head of Mid-Market, APAC.
On Coral Triangle Day, the Insure Our Future coalition said most of the world's largest insurers and reinsurers have not ruled out providing support for liquefied natural gas (LNG) expansion in the Coral Triangle, despite concerns over the environmental risks posed by fossil fuel development in the region.
MNRB Holdings' proposed acquisition of the remaining 80% equity interest in Labuan Re marks a significant strategic step in strengthening the Group's international reinsurance platform, the holding company said in a statement.
SEADRIF Insurance Company and the Food and Agriculture Organization of the United Nations (FAO) have launched an anticipatory drought insurance pilot in the Lao People's Democratic Republic (Lao PDR). This marks the first time a Southeast Asian government has secured pre-arranged financing designed to activate ahead of drought impacts.
Philippine President Ferdinand Marcos Jr called on ASEAN bloc members to ensure regional energy security and resilience, as he opened the 48th ASEAN Summit Retreat in Cebu on 8 May.
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).