Data insight

munich-re-advocates-for-government-support-amid-escalating-cyber-risks

Munich Re advocates for government support amid growing cyber risks

April 11 2024

Global reinsurer expects insurance GWP to double by 2027, but warns more needs to be done for the potential of catastrophic, systemic events.

australia-life-insurance-breaches-rise-for-third-year-but-impact-significantly-fewer-customers

Australian life insurance code breaches rise for third year, but impact fewer customers

April 9 2024

The Life Insurance Code Compliance Committee reports 9% rise in breaches in 2022-23, but 47% reduction in number of customers impacted.

floods-continue-to-reign-as-asias-top-nat-cat-peril

Floods continue to reign as Asia Pac's top nat cat peril

April 9 2024

Floods were again Asia Pacific's costliest natural catastrophe in 2023, as global protection gap continues to widen.

tech-and-product-innovation-fuels-private-insurers-rise-in-indian-motor-segment-globaldata

Tech and product innovation fueling private insurers' rise in Indian motor segment

April 8 2024

India's motor insurance landscape seeing dynamic shift, says GlobalData.

Indonesian life insurance sector set for bounceback post-2024: GlobalData

April 2 2024

After a challenging period, Indonesia's life insurance industry is anticipated to rebound, driven by regulatory changes and changing demographics.

japan-pi-club-1-4-renewals-saw-further-rate-rises-amid-a-challenging-business-environment

Japan P&I Club sees tonnage drop amid further rate rises in 1.4 renewals

March 30 2024

7.5% rate increase for ocean-going vessels and a 10% increase for Naiko Class mark consecutive hikes for fifth and third year respectively.

hong-kong-life-insurance-sector-begins-recovery

Agent channel continues to gain momentum despite Hong Kong life insurance dip in 2023

March 27 2024

New business premiums shrank 1.8%, but agent sales continue to gain traction amid year-long downturn in bancassurance and broker channels.

aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims

Noto earthquake claims rise to 115k, with 59% paid: GIAJ

March 22 2024

Latest numbers show accepted claims have increased from 67k at end Jan, though good progress has been made with 83% of investigations now completed.

Health & Safety surpasses Cyber as key concern for APAC Directors: D&O survey

March 21 2024

Top insurance priorities are multi-jurisdictional claims in Asia and settlement of claims in Australasia, according to WTW and Clyde & Co report.

ICNZ reports 91% of Auckland Anniversary and Cyclone Gabrielle claims settled

March 20 2024

Over NZ$3bn (US$1.812bn) paid out as of March 1, with 92% of property and 94% of contents and motor fully resolved.

losses-hit-singapores-motor-and-health-lines-of-business-for-third-time-in-five-years

Singapore's Motor and Health lines report underwriting losses for third time in five years

March 19 2024

Singapore's domestic General Insurance GWP tops SG$5bn (US$3.7bn), but underwriting profits dip as country's two largest lines of business record losses.

Indonesian GI segment to grow at 11.3% CAGR, driven by economic recovery and regulatory change

March 18 2024

GlobalData forecasts Indonesia's general insurance market is to reach IDR170.39 trillion (US$10.8bn) in 2028.

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