The industry body says procedural reform and consistent national rules are needed to tackle rising legal costs and restore public liability market stability.
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.
Despite strong premiums growth, claims paid by Cambodian insurers increased 27% year-on-year to US$65.9m between January and August 2025, according to the Insurance Regulator of Cambodia.
The regulator noted that balanced risk-sharing with domestic reinsurers is vital to maintaining stability and supporting sustainable growth in Indonesia’s insurance industry.
