...Ten (10) fossil fuel companies caused more than $14tn of climate damage from 1991 to 2020, according to a study by a team at Dartmouth College, a private Ivy League research university....
Source : AIRPlus | 30 Apr 2025...The International Association of Insurance Supervisors (IAIS) has published its application paper on the supervision of climate-related risks in the insurance sector....
Source : AIRPlus | 30 Apr 2025...Catastrophe insurance data provider PERILS has disclosed that its initial industry loss estimate for tropical cyclone Alfred is A$2.59bn ($1.67bn)....
Source : AIRPlus | 24 Apr 2025...Insurers must be aware of financial market trends, particularly, recently, when the need to understand and act on these trends has grown more urgent and expanded to more facets of the insurance business, said Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning....
Source : AIRPlus | 24 Apr 2025...The Nepalese government has set a target to increase the renewal of health insurance policies to 90% in the next five years to 2030....
Source : AIRPlus | 24 Apr 2025...The first quarter of 2025 brought a series of devastating natural disasters across the globe and Asia was not spared from their destructive impact....
Source : AIRPlus | 24 Apr 2025...A promising area in insurance is digital health underwriting, where insurers use electronic health records - increasingly adopted across APAC - to conduct underwriting assessments more efficiently, according to Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning....
Source : AIRPlus | 24 Apr 2025...In Asia, the construction industry is set to experience continued growth this year because of both government stimulus and private investments....
Source : AIRPlus | 16 Apr 2025...Asia's real estate and insurance sectors are grappling with substantial financial risks, while also encountering new opportunities, as climate change drives more frequent and intense extreme weather events....
Source : AIRPlus | 16 Apr 2025...While 82.9% of Australian air passengers do buy travel insurance, 43.9% did not lodge claims for lost bags, according to the findings of a survey released by Compare the Market, a price comparison website. The survey also found that 8.3% were reimbursed whereas 30.7% were not....
Source : AIRPlus | 16 Apr 2025...China and India are shifting towards meeting their growing electricity needs with clean energy. These are the two countries at the forefront of the drive to clean power and will help tip the balance towards a decline in fossil generation at a global level, according to the sixth annual "Global Electricity Review" published earlier this month by Ember, a UK-based global energy think tank....
Source : AIRPlus | 16 Apr 2025...AXA XL, the P&C and specialty risk division of AXA, has launched a new report to help the risk management community identify, assess and mitigate their nature-related risks....
Source : AIRPlus | 16 Apr 2025...Japan is the top-ranked country in Asia, based on Swiss Re's metrics for availability, accessibility and affordability of health insurance in Asia, according to the reinsurer's head of life and health reinsurance APAC excluding China, Ms Daisy Ning....
Source : AIRPlus | 16 Apr 2025...It would be in the interests of governments to collaborate with companies to develop capabilities, including computer platforms, to enable maritime administrations in coastal states to enhance their maritime awareness and track tankers in the dark fleet, according to a guide released by the Centre for International Law at the National University of Singapore....
Source : AIRPlus | 09 Apr 2025...There is an 80% probability of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough, according to a report issued by the Japanese government....
Source : AIRPlus | 09 Apr 2025...Asia and Oceania are expected to increase their share of global cyber premiums to 8% by 2027 from 6.8% in 2024, according to a new report by global reinsurer Munich Re....
Source : AIRPlus | 09 Apr 2025...Tokio Marine Holdings will change the name of Tokio Marine Healthcare Business Establishment Preparatory Company, which was established as a wholly owned subsidiary in April 2023, to Tokio Marine Healthcare Co....
Source : AIRPlus | 09 Apr 2025...The UNDP with the General Insurance Association of Indonesia (AAUI) has launched the Agricultural Insurance Roadmap 2025-2030 to improve risk financing and inclusiveness for smallholder farmers....
Source : AIRPlus | 08 Apr 2025...Less than a third (27%) of respondents in Singapore report high readiness from a data perspective to adapt, deploy, and fully leverage AI technologies, according to the Cisco report, titled "2024 AI Readiness Index - Hype Meets Reality"....
Source : AIRPlus | 03 Apr 2025...The 1 April reinsurance renewal season saw mixed outcomes due to continued uncertainty around war-related losses and macro volatility....
Source : AIRPlus | 02 Apr 2025...A moderation in Japanese property-catastrophe reinsurance market pricing was observed at 1 April, according to Howden Re. The global insurance intermediary group said there were 10-15% risk-adjusted reductions on catastrophe excess-of-loss programmes, whilst global specialty and direct and facultative reinsurance placements varied by class....
Source : AIRPlus | 02 Apr 2025...Amid a changing geopolitical landscape, the majority of insurers (52%) in a poll are very concerned about the impact of inflation on their portfolios according to Goldman Sachs Asset Management....
Source : AIRPlus | 02 Apr 2025...While conditions vary greatly by geography, healthy levels of capacity are making facultative reinsurance a more effective and attractive tool for Asia Pacific's growing insurers, says Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions....
Source : AIRPlus | 01 Apr 2025...More than eight in 10 Indians think that a life cover of less than 10 times their annual income is adequate for financial security. The actual coverage held by Indians is just 3.1 times their income, significantly below the industry-recommended 10x benchmark, according to a comprehensive study titled "Underinsurance Survey 2025"....
Source : AIRPlus | 01 Apr 2025...Indian employees are silently battling a mental health crisis, with limited access to affordable treatment due to gaps in insurance coverage, according to a new report by global insurance broker Marsh McLennan....
Source : AIRPlus | 31 Mar 2025...The recent reduction in the United States Agency for International Development's (USAID) budget has led to several projects being cancelled worldwide, as well as funding freezes and even the closure of some programmes or organisations....
Source : AIRPlus | 31 Mar 2025...Government initiatives and assistance have been central to the improved state of the Australian health insurance sector over the past 25 years, according to S&P Global Ratings director, financial services ratings, APAC Michael Vine....
Source : AIRPlus | 28 Mar 2025...In 4Q2024, insurance markets began to show signs of softening with "more moderate premium increases being applied to many risks", according to Gallagher's "Insurance Market Update -- March 2025"....
Source : AIRPlus | 27 Mar 2025...Following a second consecutive year of robust financial performance in 2024, Europe's four largest reinsurers are well positioned to navigate potentially less supportive market conditions in 2025, says a new report by Fitch Ratings....
Source : AIRPlus | 25 Mar 2025...A staggering 85% of Malaysians are at risk of a legacy crisis due to the lack of a financial legacy plan, says Sun Life Malaysia's report titled "Insure or Unsure: Sun Life Insurance Literacy Survey 2025"....
Source : AIRPlus | 25 Mar 2025...As the battle for top talent intensifies, SMEs in Hong Kong and Singapore are placing more emphasis on recruitment, training and retention. In both markets, the proportion of SMES concerned about talent and manpower retention increased in 2025 compared to 2024....
Source : AIRPlus | 25 Mar 2025...Survey results published QBE show that attention to workplace safety and health (WSH) is on the rise among SMEs in Hong Kong but dipping in Singapore....
Source : AIRPlus | 25 Mar 2025...Survey results published QBE show that executives and decision makers in SMEs in Hong Kong and Singapore harbour concerns about a wide range of business risks, yet very few have insurance policies to protect their companies against the risks....
Source : AIRPlus | 25 Mar 2025...Motor theft claims are increasing significantly in some parts of Australia according to a new survey report released by the Insurance Council of Australia (ICA)....
Source : AIRPlus | 24 Mar 2025...Organisations that trade with counterparts in connector countries -- such as Vietnam, Mexico, South Korea and Hungary -- to circumvent existing or anticipated trade controls, or have suppliers doing the same, may be prone to greater trade policy-induced disruption in the months and years ahead, according to a new report....
Source : AIRPlus | 24 Mar 2025...South and Southeast Asia, as a region, has been facing an increase in wet and extreme wet climate which presents an increase in the likelihood of extreme flooding, according to a new report by WaterAid, an international non-governmental organisation focused on water, sanitation and hygiene....
Source : AIRPlus | 21 Mar 2025...Insolvencies in Asia Pacific are anticipated to increase by +5% in 2025 (+1% without China) followed by +6% in 2026 (-4% without China), according to Allianz Trade in its latest Global Insolvency Report released earlier this week....
Source : AIRPlus | 20 Mar 2025...Microinsurance carriers achieved the "highest rates of penetration among low- and middle-income populations in Asia and the Pacific, according to the report titled "The Landscape of Microinsurance", published by Microinsurance Network earlier this year....
Source : AIRPlus | 14 Mar 2025...The majority of Australians have paid out-of-pocket for desexing procedures for pet dogs and cats, forking out A$289 ($182) on average, according to a new study by Compare the Market, a price comparison platform....
Source : AIRPlus | 14 Mar 2025...Energy and natural resources companies have said that they face challenges getting the right insurance, according to Willis' "Global Clean Energy Survey 2025" released on 12 March....
Source : AIRPlus | 14 Mar 2025...AI is projected to contribute up to $1.1tn in annual value to the global insurance sector, with its positioning as a key driver of productivity and growth, according to Truong Hoang Phuc, FPT Software managing director of Global Insurance & Finance, FPT Corporation....
Source : AIRPlus | 14 Mar 2025...Global carrier M&A dealings slumped to a 16-year low in 2024 as insurers put the brakes on dealmaking amidst uncertainty and volatility, according to a new report by Clyde & Co....
Source : AIRPlus | 13 Mar 2025...There are rising levels of affluence that continue to be relevant across markets that Singapore-headquartered Great Eastern operates in, according to the company's group CEO Greg Hingston....
Source : AIRPlus | 07 Mar 2025...Interest in asset-intensive reinsurance as a solution is broadening across Asia, Aon's strategic growth leader for Life and Health Reinsurance Solutions, APAC, Danny Alexander has said....
Source : AIRPlus | 07 Mar 2025...More than seven in 10 (72%) of insurance executives in the Asia Pacific who participated in a new survey on how they perceive their industry in a time of growing risk and opportunity are of the opinion that the insurance industry has "an ethical obligation" to close the protection gap which is currently estimated to be $1.8tn....
Source : AIRPlus | 06 Mar 2025...New research commissioned by IBM found that Singapore companies view AI as a promising opportunity, with increasing interest in investing to boost ROI and drive innovation....
Source : AIRPlus | 05 Mar 2025...With the advent of AI tools, the construction sector has a transformative opportunity to extract valuable insights, patterns, trends and actionable information from large datasets, even when almost 90% of the data is unstructured (e.g. emails, PDFs, images and videos). On the flip side, risks exist in using AI in the sector....
Source : AIRPlus | 05 Mar 2025...India's non-life insurance premium growth is expected to be bolstered over the medium term by the country's economic development, rising insurance demand and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion, according to AM Best associate director Chris Lim....
Source : AIRPlus | 04 Mar 2025...The rapid growth of cyber insurance has prompted insurers to be cautious about overexposing themselves to high-risk areas....
Source : AIRPlus | 03 Mar 2025...With the high cost of living and a strong emphasis on work-life balance, employees in Singapore expect comprehensive benefits beyond just salary....
Source : AIRPlus | 03 Mar 2025