The Australian Reinsurance Pool Corporation noted that the extension of SME discounts aims to incentivise risk mitigation efforts, aligning with its 2025-2029 strategic priorities.
The move marks the reinsurer's latest push into Asia Pacific markets as it seeks to tap into India's growing demand for advanced reinsurance solutions.
The ratings agency revised the outlook on Singapore Re’s long-term issuer credit rating to positive from stable, citing a 21.3% return on equity in 2024 and continued favourable results in the first half...
Violent demonstrations in Kathmandu caused extensive damage to businesses and institutions, with reinsurance, primarily through Nepal Re, expected to cover the majority of industry losses.
Although North America and Europe dominate the cyber insurance market, Swiss Re noted that there is significant potential for future growth in the Asia Pacific Region.
John Lee outlined plans to mobilise insurer capital for infrastructure, establish a marine risk pool, and boost insurance innovation in emerging sectors.
