The agreement extends a seven-year collaboration combining underwriting capacity, climate analytics and data-driven risk modelling to support faster payouts for corporate and public-sector clients.
Samsung Life is also said to be looking at acquiring a 15% stake in Principal Financial Group, which would make it the US retirement provider's largest shareholder.
Markel APAC head Sucheng Chang aims to nearly double the regional book within five years, with recent expansion setting the pace and new opportunities in view.
Asia's catastrophe protection gap remains among the world's largest, with only 14% of disaster losses insured despite rapid growth in insured exposure across the region.
