Wider AI use by businesses could add $4.4trn to annual global GDP growth and bring cyber risk directly into a number of general insurance lines says the Swiss Re Institute.
Rates, climate risks, and technology highlight a transformative year as Asian markets, notably China and India, draw global attention for (re)insurance growth.
At the Asian Insurance Forum 2023, industry leaders saw cross-border products, ILS, talent, and technology as opportunities for the growth of Hong Kong as a risk management centre.