Asia Pacific Specialty Insurance – (Re)in Asia

Features and key stories

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Three server racks sit atop an iceberg, illustrating visible and hidden risks for data centres.

A dense city skyline stretches beneath a pink and blue sunset, with high-rise towers in the foreground.

Hong Kong cityscape with high-rise buildings, roads, buses and a domed landmark.

Embroidered globe covered with network screens and a PHP2Shell tag, symbolising global cybersecurity risks.

Nighttime cityscape with an illuminated elevated highway, traffic light trails and modern high-rise buildings.

A rocket launches from a sea platform, surrounded by towering clouds of smoke and flames.

Silhouette of a cargo ship on the sea beneath a golden, cloud-filled sunset.

Beijing skyline with the CCTV headquarters and dense residential buildings in the foreground.

Surreal storm cloud over a coastal city with a hanging tag reading “YES 65¢, NO 35¢, tomorrow priced today.

India's maritime insurance pool hits 3,000 cargo war policies as war-risk premiums fall 35-40%

ISO-compliant bunker fuel raises stakes for marine insurance claims

Hong Kong targets captives, ILS and specialty insurance growth under first five-year plan

Asia's space growth outpaces local capacity as insurers rebuild after heavy losses

BRICS backs reinsurance capacity talks, India offers GIFT City for risk lab

Monte Carlo reflections: from capital formation to capital deployment

Markel puts APAC at the heart of growth plans

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

Singapore GI reinsurance premiums top S$10bn in 2025

Insurers start asking tough questions about data centres

Physical risks are well understood, but other exposures could be underestimated.

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.

Hong Kong GI direct premiums edge up 1.5% in Q2 as underwriting profit rises to HK$2.43bn

Onshore underwriting profit rose nearly elevenfold from a low year-earlier base, led by pecuniary loss business, while offshore premiums grew 18.9% but underwriting turned negative.

PHP2Shell adds to APAC cyber pressure

PHP2Shell may fall short of the worst fears, but AI’s double edge is fuelling a rise in regional claims.

Health, motor and marine cargo lift India’s GI premiums 5.8% in September

Year-on-year growth eased from 10.0% in August, as health contributed the most to gains while miscellaneous, fire, and hull premiums fell.

Hong Kong's ambitions in China's NewSpace market face capacity, expertise headwinds

With international markets still central to space risk placements, the city needs to bridge the gap by building specialist capabilities.

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.

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.

China issues new product development rules for P&C insurers

From 1 November, the revised rules require insurers to set up product committees led by their principal executive, conduct regular product reviews and strengthen accountability for product failures.

APAC insurers take 'wait and watch' approach to prediction markets

Insurers see prediction markets as a source of data and a possible hedging tool rather than a rival, but regulation, settlement and data integrity remain obstacles in APAC.

India's maritime insurance pool hits 3,000 cargo war policies as war-risk premiums fall 35-40%

The sovereign-backed pool has also written 92 hull war-risk and three P&I policies since its May launch.

ISO-compliant bunker fuel raises stakes for marine insurance claims

Growing concerns over compliant fuels linked to engine damage are prompting calls for enhanced testing and closer scrutiny of bunker quality throughout the supply chain.

Hong Kong targets captives, ILS and specialty insurance growth under first five-year plan

From expanding Hong Kong's influence across the global maritime value chain to developing specialty insurance products for mainland companies going global, the plan outlines an ambitious growth agenda...

Asia's space growth outpaces local capacity as insurers rebuild after heavy losses

Asia's commercial space sector is expanding faster than local insurance capacity, leaving operators reliant on overseas reinsurers as orbital congestion emerges as a new underwriting risk.

BRICS backs reinsurance capacity talks, India offers GIFT City for risk lab

The proposed resilience centre would build shared risk models, though the declaration commits no capital.

Monte Carlo reflections: from capital formation to capital deployment

Pricing adequacy set the agenda for the US and Europe at RVS 2026, but APAC discussions centred on growth and innovation.

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.

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.

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.