Losses in electric vehicle insurance also eased in 2025 as insurers adapted to higher claims costs with better pricing and claims controls, the ratings agency said.
The initiative seeks to strengthen regional access to cyber reinsurance by connecting APAC cedants with global capacity through a flexible, scalable framework.
Chief Regional Officer Javier Sánchez Cea aims to raise life from less than 5% to 20% of APAC premiums by building local teams and leveraging non-life ties.
