Insurers see prediction markets as a source of data and a possible hedging tool rather than a rival, but regulation, settlement and data integrity remain obstacles in APAC.
Nearly half of the jurisdictions reviewed now impose revenue-linked cyber penalties, while mandatory breach-reporting requirements are in place across all but one market.
The Singapore-based executive brings more than 14 years of underwriting and management experience across the energy and chemicals sectors to the expanded role.
The leadership change follows Markel's broader Asia-Pacific expansion strategy, including ambitions to nearly double its regional business over the next five years.
