APAC

Future-proofing employees is important to support the organisation’s growth - EY’s Jason Seng

He highlights how HR leaders can drive engagement, foster innovation, and future-proof their workforce in a rapidly changing business environment.

Property insurance industry to exceed $152b by 2028

China is forecast to lead with 36% in terms of written premiums.

1 in 2 APAC customers will not buy from a brand they do not trust

Trust in brands is eroding as a result of deepfakes, fuelling scam fears.

APAC companies gain $550b market capitalisation in Q3

This was driven by China’s fiscal stimulus.

Surge in demand for clean label products drives innovation in APAC

This extends beyond food and beverages to personal care and household products. 

2024 insured losses exceed decade average at $108b

Total economic losses for the first three quarters reached ~$280b.

APAC’s real estate cross-border investment reaches $47.6b

Data centres dominated the market, capturing 46% of investments.

APAC reinsurance market sees stable pricing in 2024

Although, extreme weather and NatCats could disrupt current pricing stability.

Capacity and rate challenges continue to affect Asia air freight

In China, air freight cargo volumes have softened.

Only 28% of APAC insurers prepared for AI shift

Half of insurers attribute poor customer experience to limited technology adoption. 

APAC insurers trim equity risks, increase capital efficiency: Moody's

APAC P&C insurers face different risks compared to their US counterparts. 

APAC’s EV infrastructure market to grow at 13.5% by 2029

Challenges include distribution and overabundance of chargers.

Redefining the future of manufacturing: The transformative power of edge computing

Edge computing is transforming the manufacturing industry by enabling real-time data processing and decision-making at the edge of the network.

Global specialty insurance market to grow by $57b in 2028

Lack of robust IT security infrastructure heightens risks.