risk management
Insurers may cover only 25% to 33% of disaster damages by 2030
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.
Global Reinsurers’ ROE surpasses cost of equity in 2023
ROE of reinsurers reached 22% last year.
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.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
APAC insurers trim equity risks, increase capital efficiency: Moody's
APAC P&C insurers face different risks compared to their US counterparts.
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