Rating agency's shift reflects a market inflection point where record US$660bn in capital has restored buyer leverage and eroded the pricing power reinsurers enjoyed during the recent hard market.
Survey reveals growing concerns over energy crises in key markets like Australia, the Philippines, and South Korea, while political instability and AI-driven threats have surged as a concern for risk managers...
While global losses were below the 10-year average last year, APAC's persistent protection gap means only about US$9bn of its US$73bn losses were insured.
Generali Central Life's first year premiums surged 241% year-on-year, with newer and mid-sized insurers also posting triple-digit gains amid a strong November.
The regulator advised insurers that sustained reductions in complaints would be critical as the industry seeks to grow while maintaining consumer trust.
