AM Best maintains 'Stable' outlook, taking into account surge in foreign currency-denominated savings products, potentially higher domestic interest rates, and improved core profits.
Armed robberies in the Singapore and Malacca straits have surged; inadequate interception and investigations are leading to rising concerns about the impact on regional trade.
Through its new innovation hub, Howden aims to fast-track insurance product development, with capacity to be provided by Lloyd's underwriters such as Tokio Marine Kiln, Chaucer, and Liberty Specialty...
Tobias Farny, Munich Re's Chief Executive of China, spoke to (Re)in Asia about various priorities for the German reinsurer, including green technology, electric vehicles, and cyber.
The report highlights that unfair contract terms and pricing practices were enforcement priorities last financial year, while offering insight into potential priorities for the years ahead.
GWP forecast to hit SG$7.35bn (US$5.5bn) by 2028 thanks to increasing demand and new regulations, but growth slowdown anticipated due to economic and geopolitical challenges.
Against the backdrop of devasting natural catastrophes, China's State Council is seeking to reduce the country's protection gap with expansion of insurance products in small towns, rural areas, and for...
Aon predicts APAC employers to see 9.7% rise in medical plan costs in 2024, driven by factors including return to pre-pandemic health care levels, high-cost treatments, chronic diseases, and global economic...
Smith spoke at the Insurance Council of Australia's Annual 2023 Conference and emphasised importance of balance in the face of issues like cost-of-living pressures and natural catastrophes.
South Korea leads in insurance digitalization according to Swiss Re's Insurance Digitalisation Index, with focus on R&D spending and digital connectivity; emerging markets are also catching up, providing...
