Reih Angeles is Deputy News Editor at (Re)in Asia, steering the desk's breaking coverage of Asia Pacific insurance and reinsurance. Areas of specialty include insurer and life results, reinsurance and catastrophe losses, cyber, and regulatory change across India, Korea, China and Hong Kong.
Property and casualty insurance rates in the region fell 5% and 3% respectively, according to Marsh data, with financial and professional lines recording the steepest drop at 8%.
The reinsurer is also expecting insurers to focus on the “decumulation phase,” offering products like annuities and long-term care to address longevity risk.
Business insolvencies around the world are expected to rise for a fifth consecutive year, with a 6% increase expected in 2025 and 5% in 2026 before easing slightly by 1% in 2027.
