Asia Pacific Energy Insurance

Energy.

Features and key stories

Insured flood losses mount in Nepal, but economic damage could run into billions

Grid access rules push data centres into new insurance risk territory

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Shenergy PC China Coal underwrote key liability policies for Chinas deadliest mining accident since 2009

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asias-energy-reinsurers-adopt-proactive-strategies-amid-surging-energy-transition

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apac-insurers-look-to-new-tech-to-expand-parametric-solutions

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Nepal's insured flood losses mount, but protection gap leaves billions in damage uncovered

Insurers have so far counted US$170m in preliminary claims, but the country may need up to US$5bn, or around 10% of GDP, to rebuild after the disaster.

Grid access rules push data centres into new insurance risk territory

As operators assume greater responsibility for power infrastructure, insurers face new questions around batteries, construction, curtailment and BI coverage.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Shenergy P&C, China Coal hold key liability covers for China’s deadliest coal mine accident since 2009

Shenergy P&C, which underwrote the mine's work safety liability, has prepared an advance claims fund, while more than 50 insurers have activated fast-track processes to cover the policies of affected...

Marsh to acquire ENEOS insurance units in Japan

The broker will acquire ENEOS Insurance Service and ENEOS Material Trading from the Japanese energy group, with closing expected in Q3 2026.

Howden Re targets India’s next wave of growth with infrastructure, cyber and structured reinsurance

Reinsurance broker plans to deepen its engineering and specialty lines, expand structured solutions, and launch an industry-first life product in India.

Insurers seek to avoid capacity crunch as Japan pushes ahead with offshore wind

There is ample capacity in the market right now, but will it last?

Malaysian Re targets further reduction in property exposure

The reinsurer had a good year last year, but it only takes one major nat cat event to wipe out the gains.

Asia's energy (re)insurers adopt proactive strategies amid surging energy transition

The rapid growth of renewables in Asia is driving both premium gains and underwriting challenges for (re)insurers.

Miller targets maturation of Japan, South Korea operations

Regional Chief Exec looks to build both markets to align with Singapore’s product line.

AXA XL’s new Asia Head looks for value-add as markets soften

Competition in the region makes it harder for technical underwriting on its own to win business

APAC insurers look to new tech to expand parametric solutions

Advances in data and AI are helping insurers design more tailored parametric products for SMEs and industries like tourism and event management.

Miller launches in Korea, targeting marine, energy, and entertainment sectors

Having just received its onshore licence, Miller's Head of South Korea and Head of Asia speak to (Re)in Asia about the broker's ambitious plans for the country.

2024: The year in review

Cyber, renewable energy and aviation / marine are just some of the areas that stood out this year.

New engineering risks underscore importance of tailor-made coverage

Technology risk, supply chain disruption, cyber-attacks and inflation - it’s no longer just about nat cat

Low loss ratios drive growth in Australia’s battery energy storage insurance market

Capacity is flooding the market, but a reluctance to take lead position keeps rates high.

Growth in offshore wind presents new risks

Offshore wind is seen as a crucial part of renewable energy transition, but rapid growth and changing tech create emerging risks for insurers.

Energy asset valuations challenge Australia as decommissioning presses ahead

More than US$40 billion of decommissioning needs to take place over the next 50 years.

Insurance to underpin Asian voluntary carbon credit markets

The VCC market is expected to surge by 2030 and insurance is poised to play a key role for both buyers and developers.