News
APAC reinsurance market sees stable pricing in 2024
APAC reinsurance market sees stable pricing in 2024
Although, extreme weather and NatCats could disrupt current pricing stability.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
New EU directive demands stricter accountability in supply chains
Asia risks market access if they do not comply.
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.
Global specialty insurance market to grow by $57b in 2028
Lack of robust IT security infrastructure heightens risks.
India launches pension system for all ages, infancy to 70
NPS Vatsalya allows accounts to be opened for children.
SGX securities trading turnover hits $30.4b, up 75% YoY
The bourse attributed its gains to the easing of monetary policies.
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Insurance scrutiny intensifies on coal, wildfire risks
However, power Industry business interruption sectors see improved pricing.
Malaysia warns of downside risks for insurers from market volatility
Overall profitability of ITO funds increased in the first half of 2024.
Japan posts highest number of bankruptcies in a decade
Rising costs were the most cited reason.
Car insurance premiums rise 16% in Australia
The average car insurance premium across the country is now $1,717.
Over 1 in 10 APAC workers have no retirement plans
Some workers are postponing their retirement
Chinese insurers shift to floating-return products amidst risks
Its P&C sector is under strain due to market volatility.
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