Falling primary and reinsurance rates in 2026 are adding pressure after APAC non-life premium growth slowed to 5.1% in 2025, pushing more insurers to seek growth overseas, Gallagher Re said.
Set to launch in November 2026, the policy will be reviewed and expanded over time to align with technological advancements and the adoption of AI across society.
The group’s solvency ratio fell to 213% in H1 2026 from 271% at the end of 2024, though a 7bn yuan (US$1.05bn) state injection is expected to buoy its position.
He previously spent five years at Willis Re and later led Peak Re’s global life and health business before running his own advisory firm, Eigengrey Consulting.
More uninsured businesses are citing price and product scope as barriers to cyber cover, even as purchase intent rises and extortion attacks on small, non-US firms are expected to expand.
Waiting periods and covered-event triggers could limit recovery, while outsourced hosting arrangements open a route to professional liability and subrogation claims.
