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China’s first ultra‑light eVTOL cross‑boundary insurance launched in Qianhai
Yingwu Intelligent Technology (YIVTOL) has secured more than US$2.6m in coverage for its S‑Zero model through a policy arranged in Hong Kong.
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Japan non-life stability holds as higher rates boost investment income despite claims inflation: AM Best
Rising domestic interest rates and the rollout of J‑ICS strengthen Japan’s non-life sector, even as claims inflation and major earthquake risks continue to weigh on performance.
Japan non-life stability holds as higher rates boost investment income despite claims inflation: AM Best
Rising domestic interest rates and the rollout of J‑ICS strengthen Japan’s non-life sector, even as claims inflation and major earthquake risks continue to weigh on performance.
Rising domestic interest rates and the rollout of J‑ICS strengthen Japan’s non-life sector, even as claims inflation and major earthquake risks continue to weigh on performance.
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Piers Maunder retires from Australia reinsurance industry after 50-year career
He has been a senior adviser to Gallagher Re since 2023.
Piers Maunder retires from Australia reinsurance industry after 50-year career
He has been a senior adviser to Gallagher Re since 2023.
He has been a senior adviser to Gallagher Re since 2023.
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‘Time for reform is now’: state budget highlights need for emergency services levy overhaul, ICA says
New South Wales budget showed the levy is forecast to collect over half a billion dollars more from policyholders across the four years to 2029-30 than the government projected.
‘Time for reform is now’: state budget highlights need for emergency services levy overhaul, ICA says
New South Wales budget showed the levy is forecast to collect over half a billion dollars more from policyholders across the four years to 2029-30 than the government projected.
New South Wales budget showed the levy is forecast to collect over half a billion dollars more from policyholders across the four years to 2029-30 than the government projected.
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Willis appoints Daniel Choi to lead finex in Malaysia
He has over 25 years of experience in the insurance industry, including with Jardine Lloyd Thompson, Allianz General Insurance, MSIG Insurance, and BIB Insurance Brokers.
Willis appoints Daniel Choi to lead finex in Malaysia
He has over 25 years of experience in the insurance industry, including with Jardine Lloyd Thompson, Allianz General Insurance, MSIG Insurance, and BIB Insurance Brokers.
He has over 25 years of experience in the insurance industry, including with Jardine Lloyd Thompson, Allianz General Insurance, MSIG Insurance, and BIB Insurance Brokers.
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Tower promotes Dan Walker to chief claims officer
He replaces Steve Wilson, who stepped down and returned to Australia.
Tower promotes Dan Walker to chief claims officer
He replaces Steve Wilson, who stepped down and returned to Australia.
He replaces Steve Wilson, who stepped down and returned to Australia.
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HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
Phil McDowell talks to InsuranceAsia News as the insurer seeks to open doors for Asian multinationals navigating an uncertain risk landscape, including opportunities for technology innovation.
HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
Phil McDowell talks to InsuranceAsia News as the insurer seeks to open doors for Asian multinationals navigating an uncertain risk landscape, including opportunities for technology innovation.
Phil McDowell talks to InsuranceAsia News as the insurer seeks to open doors for Asian multinationals navigating an uncertain risk landscape, including opportunities for technology innovation.
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Gallagher Re confirms Minesh Jani’s appointment as India CEO
InsuranceAsia News had reported on his move from Howden Re in February.
Gallagher Re confirms Minesh Jani’s appointment as India CEO
InsuranceAsia News had reported on his move from Howden Re in February.
InsuranceAsia News had reported on his move from Howden Re in February.
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QBE appoints Callum O’Brien as head of P&I for Asia
He succeeds Sebastian Tjornelund, who was promoted to Asia head of marine underwriting in December.
QBE appoints Callum O’Brien as head of P&I for Asia
He succeeds Sebastian Tjornelund, who was promoted to Asia head of marine underwriting in December.
He succeeds Sebastian Tjornelund, who was promoted to Asia head of marine underwriting in December.
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Risk managers sound alarm on AI, cyber, relevance at Airmic conference
At the Airmic Annual Conference in Birmingham, global risk managers warned that insurers are losing relevance amid surging AI, cyber, and geopolitical threats, with captives emerging as a preferred alternative.
Risk managers sound alarm on AI, cyber, relevance at Airmic conference
At the Airmic Annual Conference in Birmingham, global risk managers warned that insurers are losing relevance amid surging AI, cyber, and geopolitical threats, with captives emerging as a preferred alternative.
At the Airmic Annual Conference in Birmingham, global risk managers warned that insurers are losing relevance amid surging AI, cyber, and geopolitical threats, with captives emerging as a preferred alternative.
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HDI Global appoints Viola Lee as Hong Kong head of claims
She brings more than 15 years of experience in insurance and broking, with experience in technical claims management, claims operations and operational transformation.
HDI Global appoints Viola Lee as Hong Kong head of claims
She brings more than 15 years of experience in insurance and broking, with experience in technical claims management, claims operations and operational transformation.
She brings more than 15 years of experience in insurance and broking, with experience in technical claims management, claims operations and operational transformation.
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GT Insurance taps Yanna Walters as chief strategy, innovation officer
She returns to Australia after more than a decade in the United States.
GT Insurance taps Yanna Walters as chief strategy, innovation officer
She returns to Australia after more than a decade in the United States.
She returns to Australia after more than a decade in the United States.
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Matthew Davis joins Delta Insurance Australia as head of claims
He was formerly with Axa XL for almost eight years.
Matthew Davis joins Delta Insurance Australia as head of claims
He was formerly with Axa XL for almost eight years.
He was formerly with Axa XL for almost eight years.
Popular posts:
- Crawford appoints duo as loss adjusters in Singapore
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Asia aviation insurers continue to push for rate hikes as historic claims, Russia exposure linger
Aviation insurers seek rate hikes amid stable quota share capacity, as quota share income faces pressure from internal retentions and competition.
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Strong demand drives ‘phenomenal’ growth of India’s new kid on the block
Nascent surety market is seen as a huge opportunity for the (re)insurance industry, with conservative estimates indicating a potential expansion to nearly US$1bn by 2030.
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Asia’s protection gap remains stubbornly persistent as new exposures remain uninsured
Swiss Re Institute identifies economic growth as the main driver of rising exposure, with the protection gap broadly tracking nominal GDP growth.
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Philippines quake claims expected to escalate, testing local claims management, loss adjusters say
Region is still assessing widespread destruction after the 7.8 quake struck south of General Santos City last week, with loss adjusters warning that early loss estimates will climb as structural defects, foundation movement, hidden damage, and BI exposures emerge.
Between The Lines
A fortnightly podcast that unpacks the pivotal stories and trends shaping the (re)insurance industry across Asia Pacific.
Spotlight
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HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
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Swiss Re CorSo eyes data centres, ART, Japan as key pillars for Asian specialty push
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BirdsEyeView spies Australia as ‘competitive edge’ opportunity with new wildfire model after seven-figure funding
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Markel accelerates Asia push in bid to rebalance global book, but ‘not before we are ready’
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Cargo parametric insurer charts route to US$68bn protection gap with ‘new shiny object’
M&A
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ACCC approves Zurich-Beazley deal, finds ‘unlikely’ threat to competition
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Steadfast draws US$5.4bn takeover bid from Amwins, Dragoneer
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Steadfast receives takeover offer
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Allianz Partners to acquire nib’s Australia, New Zealand travel portfolio
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Cyber specialist Emergence acquires renewal rights to Blue Zebra’s cyber portfolio
ESG
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Lloyd’s looks for new way to meet diversity challenge after scrapping Dive In festival after 12 years
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Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
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QBE hands Mandy Chan expanded role as head of operational power generation, ESG for Asia
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Carbon credit specialist Oka launches in Singapore
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‘You can’t do it as a hobby’: ESG must be a clear business model with easily measurable targets
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Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
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Piers Maunder retires from Australia reinsurance industry after 50-year career
He has been a senior adviser to Gallagher Re since 2023.
-
Willis appoints Daniel Choi to lead finex in Malaysia
He has over 25 years of experience in the insurance industry, including with Jardine Lloyd Thompson, Allianz General Insurance, MSIG Insurance, and BIB Insurance Brokers.
-
Tower promotes Dan Walker to chief claims officer
He replaces Steve Wilson, who stepped down and returned to Australia.
-
Gallagher Re confirms Minesh Jani’s appointment as India CEO
InsuranceAsia News had reported on his move from Howden Re in February.
-
QBE appoints Callum O’Brien as head of P&I for Asia
He succeeds Sebastian Tjornelund, who was promoted to Asia head of marine underwriting in December.
-
HDI Global appoints Viola Lee as Hong Kong head of claims
She brings more than 15 years of experience in insurance and broking, with experience in technical claims management, claims operations and operational transformation.
-
GT Insurance taps Yanna Walters as chief strategy, innovation officer
She returns to Australia after more than a decade in the United States.
-
Matthew Davis joins Delta Insurance Australia as head of claims
He was formerly with Axa XL for almost eight years.
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GT Insurance taps Arron Mann as chief operating officer
He joins the partner agency of Allianz Broker Australia that specialises in the Australian transport sector having spent the last nine years at QBE Insurance.
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Sompo appoints Henry MacHale as CUO, head of strategy for its international market
Sompo’s international markets comprises 22 countries across four regions: the United Kingdom, Asia Pacific, Continental Europe including Turkey, and Brazil.
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W&I: "W&I is now being utilised with increasing frequency across a far broader range of deal sizes and geographies in the region. Coverage terms have broadened, retentions have fallen, and underwriting processes are being continually refined to become increasingly streamlined."
Keshaya Yap, Liberty Global Transaction Solutions
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Nuclear: "The insurance sector is poised to play a central and enabling role in Asia’s nuclear expansion. As countries in the region move from exploration to active planning and construction – especially with a focus on SMRs – they will require innovative risk transfer solutions."
Clifford Blayney, Markel International
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Insurance seen as ‘genuine tipping point’ for Asia’s first major carbon capture, storage hubs
Consortium identifies India, Indonesia, Malaysia, and Australia as potential storage sites across the Asia Pacific, but insurers warn projects may not secure financing without long-term risk cover.
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Lloyd’s Asia surpasses US$1bn GWP milestone in 2024 amid double-digit growth
Offshore fund demonstrates strong performance despite challenges in the Singapore unit and varied underwriting results across business lines.
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Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
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Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
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Australian intermediated premiums grow 8.2% in 2023-24
While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.
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Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
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Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
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APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
‘We have to be robust, stable through this cycle’: Swiss Re CorSo’s Robert Hunziker
Robert Hunziker, Asia head at Swiss Re CorSo, sits down with InsuranceAsia News to discuss the progress the commercial insurer has made in the region since its reorganisation last year and its strategic priorities.
We don’t need to put a flag in every country and town: Lockton Asia’s Tony Hardy
Tony Hardy, CEO of Lockton Asia, discusses the US broker’s efforts to double its revenue in the region by 2030, and its recent deal to take majority ownership of its Malaysian joint venture.
Insurtech: "As the [AI] hype continues, so does the imperative for insurers, insurtechs and distributors to look beyond the noise to the underlying forces at play."
David Lynch, bolttech