Falling primary and reinsurance rates in 2026 are adding pressure after APAC non-life premium growth slowed to 5.1% in 2025, pushing more insurers to seek growth overseas, Gallagher Re said.
However, only around 1 in 10 life and health policies are purchased through direct digital channels, as buyers continue to seek human advice before committing.
Policyholders of Cigna, Great Eastern, HSBC Life, Income Insurance, Singlife and Tokio Marine among those affected by the attack on the third-party administrator.
Set to launch in November 2026, the policy will be reviewed and expanded over time to align with technological advancements and the adoption of AI across society.
The group’s solvency ratio fell to 213% in H1 2026 from 271% at the end of 2024, though a 7bn yuan (US$1.05bn) state injection is expected to buoy its position.
He previously spent five years at Willis Re and later led Peak Re’s global life and health business before running his own advisory firm, Eigengrey Consulting.
More uninsured businesses are citing price and product scope as barriers to cyber cover, even as purchase intent rises and extortion attacks on small, non-US firms are expected to expand.
