Following the quake, the Philippine Institute of Volcanology and Seismology issued several tsunami warnings to coastal communities across the Southern region.
According to the General Insurance Association of Malaysia, the medical and health insurance segment has been reporting underwriting losses for several years now.
Speaking at the ICA’s 2025 Annual Conference, Steve Johnston said insurers must innovate to serve climate-exposed communities and rebuild public trust.
The insurer plans to redeploy proceeds from about US$25bn in cross-shareholding sales, as Japanese regulators press major carriers to cut legacy equity stakes and improve capital efficiency.
