Emerging risks | Growth Opportunities | APAC Insurance
Saturday, May 18, 2024
Emerging risks | Growth Opportunities | APAC Insurance
Saturday, 18 May 2024
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95% of AU$176m (US$117m) in damages related to property, with insurers having paid out AU$10m so far, the ICA reports.
Generali is top of the shops according to data from S&P Global Market Intelligence, with Southeast Asia leading transaction volume.
With 30 years industry experience, Choi will provide strategic leadership and oversee growth at the new branch.
GlobalData expects market to reach US$158.9bn by 2028, but EVs and rise in road accidents will prompt motor insurers to reassess their risk exposure.
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“This is a very serious issue that must not be overlooked.”
“If you have an AI platform that has been developed in the United States but trained on data from China, then you will have a China bias that may not work elsewhere.”
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“Government intervention in the reinsurance markets created complacency among local reinsurers, and led to a reduction in the quality of business being underwritten.”
“Facilitating cross-border reinsurance capital flows fosters market stability, enhances competitive dynamics, and, in turn, affords insureds enhanced access to global best practices.”
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“The Christchurch earthquake is a very good example of the benefits of open reinsurance markets.”
“Our aim is to be the best and biggest eventually.”
“This pushes domestic insurers to focus on underwriting, risk selection, as well as how they manage claims and reserving.”
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