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APAC insurance CROs lag peers on operational risk preparedness

APAC insurance CROs lag peers on operational risk preparedness

Cybersecurity remains the leading risk in the region, cited by 62% of APAC CROs. 
1 day ago

APAC insurers brace for trade risks with strong capital buffers: S&P

Shocks will be widespread but will not be evenly distributed across the sector.

Insurers may cover only 25% to 33% of disaster damages by 2030

Insurers also expect to gain up to 15% revenue rise from AI and tech boost.

Australian firms expect financial crime surge in 2025

Only a fourth of firms admitted their programmes are adequately equipped.

65% of Hong Kong SMEs lack business interruption coverage

Rising property rental prices remained top concern for the second consecutive year.

4 in 5 insurers plan to increase AI investment over next year

36% of respondents are also prioritising efforts to build trust.

MSIG Asia, RiskPoint bet on renewable energy insurance

The Asia-Pacific region could attract $3t of investments in power generation by 2033.

APAC insurers wary of geopolitical instability in next two years

Cyber threats, on the other hand, are a moderate to severe risk.

8 in 10 insurers plan to increase tech investment this year

36% of insurers prioritise AI and machine learning.

APAC's insured only 5.4% of $74b disaster losses: Aon

APAC was also the second-largest region in terms of economic losses.

Only 9.1% of Asia's economic losses insured in 2024

The five-year average for insured losses was $11b.

Only 20% of insurers assess tech risks fully

50% of CROs are already using early-warning KPIs to monitor risks.

RBC rules may shift Hong Kong insurers to bonds: Aviva Investors

Singapore’s asset growth in 2019 and 2022 could spark promise for Hong Kong.

Taiwan insurers to raise fresh equity amidst new capital requirement 

The new standard also raised compliance risks for insurers.

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

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