Singapore Insurance – (Re)in Asia

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News and analysis of insurance in Singapore, covering market trends, regulation, underwriting, claims, and key industry developments.

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Aerial view of a sprawling green-and-white data center campus beside roads, canals and farmland.

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Singapore direct GI premiums rebound 11.9% in Q2

Markel puts APAC at the heart of growth plans

Singapore GI reinsurance premiums top S$10bn in 2025

Singapore direct insurance premiums rise 3.3% in 2025 as underwriting profit strengthens

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Retrospective solutions gain traction, but APAC adoption lags

Across APAC, legal fragmentation and lingering misconceptions continue to limit the use of retrospective solutions, SIRC panellists said.

Swiss Re turning to alternative capital as data centre accumulation outruns reinsurance capacity

Swiss Re’s P&C reinsurance chief underwriting officer says accumulation at hyperscaler sites will leave lenders’ required limits unplaced, even as interconnected risks reported by firms have risen...

Asian clients increasingly seek technical expertise amid complex infrastructure build-out: Swiss Re's Ziswiler

The reinsurer's head of P&C for Southeast Asia, India, Hong Kong, Taiwan, and Korea expects risk concentrations around data centres and semiconductors, along with secondary perils, to be the focus...

Catastrophe accumulation, pricing discipline top AM Best’s Asia watchlist for 1/1

Ahead of its SIRC briefing, the rating agency says softer renewals underpin stable outlooks, but underwriting discipline, geopolitical repricing and balance-sheet resilience will shape credit views into...

Beazley eyes new risk opportunities in APAC as Zurich deal expands reach

Led by Jessica Schappell, the specialist insurer is leveraging its expanded platform under Zurich to corner high-margin, specialist risks across Asia Pacific.

Munich Re sees reinsurance opportunities as APAC clients look to expand

Insurers are increasingly looking to invest in growth initiatives, while reinsurers are differentiating through expertise and solutions rather than capacity alone, says Hitesh Kotak, chief executive for...

GIFT City draws reinsurance capacity but remains a price taker

The hub has succeeded in attracting capital and reinsurers; now the challenge lies in developing the expertise needed to underwrite complex risks locally.

Thailand leads Asia commercial rate declines in Q3 as property softening deepens

Taiwan, South Korea and Malaysia followed with declines of 15%, 13% and 10%, while Japan and Vietnam were the only markets to record increases, according to Marsh.

Soft prices hide Asia’s ‘black dragon’ risks: PARIMA Singapore

Falling premiums reflect surplus capital rather than lower exposure, PARIMA speakers said, as geopolitical, AI, climate and labour risks combine and compound.

Asian corporates warm to captives, but local expertise lags

Panellists at PARIMA’s Singapore conference said captives are drawing more interest as fewer risks suit standard cover, but setting one up is hard without the actuaries, claims experts and insurers to...

Obsolescence and underinsurance complicate data centre cover in Asia

Facilities that are out of date on completion and equipment that cannot be replaced new for old are complicating cover, while clustered sites raise aggregation concerns, speakers at the PARIMA Singapore...

West of England confirms GFS Pride entry, says Hormuz sinking is for war underwriters

The Singapore-flagged container ship sank after a projectile strike on 13 October, while NorthStandard-entered GFS Giselle took hull damage a day later.

Singapore direct GI premiums rebound 11.9% in Q2

Offshore property and engineering drove most of the market's premium growth, but underwriting profit fell 10.9%.

Markel puts APAC at the heart of growth plans

Markel APAC head Sucheng Chang aims to nearly double the regional book within five years, with recent expansion setting the pace and new opportunities in view.

Singapore GI reinsurance premiums top S$10bn in 2025

Offshore business drove the 3.7% premium increase, but net claims incurred rose 11.8% and underwriting profit fell to its lowest level since 2021.

Singapore direct GI premiums rise 3.3% in 2025 as underwriting profit strengthens

Newly published full-year MAS data shows a sharp pickup in onshore premiums, offsetting a property-led offshore decline.

Singapore life new business premiums rise 28.1% in Q2

IP and rider new business jumped after April rule changes, while H1 maturity payouts increased sharply

"Client globality": Sun Life rewires HNW business into single global platform

Sun Life Private Wealth links Bermuda, Hong Kong, Singapore and Dubai into one platform as Asia's wealthy spread assets across jurisdictions.

Allianz strikes S$2.7bn deal for HSBC Life Singapore

The two groups will also enter a 15‑year exclusive bancassurance partnership, with the deal slated for completion in the first half of 2027.

Lloyd's Asia premiums flat in 2025 after four years of growth

A first fall in offshore business since 2020 offset continued onshore growth, while inward reinsurance set a new high.