Asia Pacific Specialty Insurance

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Features and key stories

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

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Indias general insurers open FY2026-27 with 83 premium growth in April

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AXA bets on one-stop-shop model, specialty expertise to crack Asia's HNW insurance market

AXA Global Private is banking on its group-wide specialty capabilities to carve out a niche in a segment where rival carriers are already fiercely competing for wallet share.

Singapore GI market flat in Q1 2026 as claims fall and underwriting results hold steady

Direct premiums slipped 0.4%, with onshore credit, aviation hull leading premium growth, while offshore property and cargo dragged.

South Korea's DB Insurance completes US$1.65bn acquisition of Fortegra

Fortegra will operate independently under its existing leadership as the two companies target growth across the US, Europe and Asia.

IAG reaches settlement with Greensill Bank over trade credit insurance claims

Confidential settlement will not have a material impact on financial position or FY2026 results, says IAG.

Myth or Mythos?: Anthropic's caged AI model sharpens cyber risk debate for APAC insurers

Insurers in APAC review cyber exposure, policy terms and emerging AI liabilities as advanced models prompt regulatory and underwriting scrutiny.

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...

Korea launches marine war-risk pool for ships in the Strait of Hormuz

The KRW300bn (US$197.5m) facility aims to ease costs and secure cover for smaller Korean shipping firms exposed to heightened Middle East risks.

India's general insurers open FY2026-27 with 8.3% premium growth in April

Industry-wide premiums climbed to a record ₹364.18bn (US$3.82bn), supported by continued strong performances from Tata AIG and Care Health.

Standard Club faces higher exposure after Australia court rejects liability cap on wreck claims

Australia's High Court ruled that wreck removal claims excluded under Australia's maritime reservations cannot be capped by reclassifying them as property damage.

India rolls out war risk cover under US$1.5bn Bharat Maritime Insurance Pool

Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates.

HK general insurers' underwriting profits soar 175% in 2025 as AIA leads health charge, P&I clubs drive offshore gains

The impact of the Wang Fuk Court fire offset some of the sector’s growth, with property damage profits falling sharply last year.

China’s space insurance consortium writes US$1.5bn in cover in first year

Since its launch in March 2025, the Beijing commercial space co-insurance consortium has also reduced its average inquiry and underwriting time by 20%.

India’s cyber insurance demand grows as DPDP Act reshapes underwriting focus

Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure.

Aviation, personal accident continue to lead gains as India’s March GI premiums rise 8.4%

Aviation and personal accident posted another month of outsized gains, rising 78.9% and 27.6%, while miscellaneous and fire extended last month’s fall.

Overseas placements in Australia's intermediated market slide 15% in H2 as property, liability demand cools

Overall intermediated premiums still rose, but UFI placements weakened and inactive intermediaries edged higher.

Business continuity is under pressure in a fragmenting APAC, says Coface’s regional CEO

Trade credit risk is becoming harder to read in Asia-Pacific, as supply chains fragment and payment delays lengthen.

Hong Kong GI direct premiums fall 11% in Q4 as offshore contracts, but full-year profit rebounds

Offshore premiums halved, onshore property claims rose, but full-year profits jumped almost 175% in 2025.

Pacific posts third straight quarter of double-digit commercial rate declines

Region once again posted the steepest rate decline globally, softening 12% in Q1, according to Marsh data.

Asia insurance rates decline continues across major commercial lines in Q1 2026

Increased insurer capacity and competitive pressures pushed Asia’s commercial insurance rates down another 5% last quarter, says Marsh.

Talent crunch intensifies as Asia’s transactional risk market matures

Strong deal flow potential is drawing more interest, but rising claims and softer pricing could pressure profitability.