There is growing demand and a greater emphasis on insurance products for mental health in Asia, but it is unclear if society — and the industry — is ready to confront the issue and eliminate stigma.
The Global Insurance Market Index indicates that composite insurance pricing in Asia has remained unchanged, with a 2% rise in property insurance and 2% decrease in casualty.
Singapore Deputy PM and MAS chief Lawrence Wong says pilot will help insurers become more familiar with infrastructure investments and encourage them to allocate more of their portfolios to promising decarbonisation...
Insurers should take advantage of automation to leverage the data the new standard will produce, said Martyn van Wensveen, a senior management consultant at EY.
At the 2023 Global Insurance Forum, senior executives said the industry can do more for sustainability, with the chair of Zurich commenting, “We can contribute to a lot of solutions.”
APAC reinsurers seeing rising premium rates, adequate capital buffers, and improved investment returns — but still face risks, including costlier retrocession and heightened market volatility.
McGregor has been with the business since 2002 and will oversee underwriting and portfolio management for Chubb's Property business across APAC and Japan.
