Vipal Durge is Features Editor at (Re)in Asia, covering the deals and corporate strategy reshaping Asia Pacific insurance. Areas of specialty include M&A and market consolidation, insurer results and underwriting performance, and regulatory decisions across Australia, Japan, India and Southeast Asia.
A sharper tilt towards protection, improving cost efficiency and a changing distribution mix helped ICICI Prudential Life strengthen profitability in FY2026.
The demand includes multiple tax additions relating to transfer pricing adjustments, amortisation of investment premium and provisions for doubtful debts.
The plan to reduce approximately US$1bn in North America-focused software private equity stakes comes amid a broader pullback from the asset class by private credit funds and insurers.
GIC Re and New India Assurance are said to be leading the formation of a US$100m marine war-risk pool to cover vessels on high-risk routes in and around the Persian Gulf.
APAC insurers are well positioned to absorb Middle East-related stresses, but insurers in Singapore stand out owing to their position as a major shipping and insurance hub.
Peter Kell's phase-one findings also tackle enforceability, vulnerability support, and First Nations engagement — with stakeholder feedback open until 8 May 2026.
Four consecutive years of W&I rate declines in Asia-Pacific have coincided with rising claims notifications and MGA exits, as competition among insurers and agents intensifies.
