Pacific financial lines rates drop 14% in Q3 – Marsh
Region sees the largest global decrease in financial lines and property rates, at 17% and 6% respectively.
Asia commercial insurance rates down 4% in third quarter – Marsh
Composite rates have fallen in every quarter of 2024 so far, according to data from the broker.
Economic rebound, rising claims to drive Malaysia’s GI GWP beyond US$7bn by 2028: GlobalData
Global Data notes the recovery of the country’s economy, which expanded by 4.4% this year, as a key factor.
Nat cats, new construction projects drive Japanese property insurance recovery in 2024: GlobalData
GWP contracted in 2023, but GlobalData expects steady growth in the coming years, projecting the segment to top US$24bn in 2028.
Asset risk higher for Asia Pac P&C insurers than US carriers
P&C insurers in three major North Asian markets of China, Japan, and Taiwan hold almost three times the amount of regulatory capital for asset risk than US carriers.
Emerging Asia’s middle class women have appetite to spend more on insurance: Peak Re report
There is a “significant opportunity” for insurers to develop products that provide financial security and resonate with priorities of the demographic.
Lower cyber loss severity in Asia, but region seeing a noticeable uptick in incidents: Allianz
Asian firms face rising cyber threats despite lower loss severity, as Allianz warns of increasing incidents and evolving regulatory landscape.
Indonesia non-life market shifts up a gear ahead of motor insurance mandate
Strong economic fundamentals support the sector which posted strong first quarter figures in a number of product lines.
HK Insurance Authority warns of rising cyber threat
Cyber insurance penetration in Hong Kong is half the level of Singapore as a percentage of GDP.
Regulations among key catalysts for continued growth momentum of APAC cyber insurance: Gallagher Re
Low penetration rates, evolving risks, regulatory environment, and digitalisation means cyber should continue to grow swiftly in the region.
