With the Asia-Pacific (APAC) region’s exposure to extreme weather events leading to unsustainable natural hazard losses and high inflation worsening them, reinsurers in the region will face challenges in their growth in 2023, says GlobalData, a […]
Some news from the US market; Modern Life, a tech-enabled life insurance brokerage has announced its latest distribution partnership with Pacific Life Insurance Company. The partnership combines Pacific Life’s competitive suite of life insurance products […]
The latest market snapshot from GlobalData; The Malaysian insurance industry will grow at a compound annual growth rate (CAGR) of 8.4% from MYR 73.1 billion ($17.6 billion) in 2021 to MYR 109.6 billion ($26.7 billion) in […]
In the wake of the COVID-19 pandemic, the majority of the population realized the importance of insurance. Against this backdrop, the top 20 Asia-Pacific (APAC) public insurance companies reported an aggregate premium of $908.6 billion in […]
Industrial insurer HDI Global SE has restructured its Asia Pacific operations in a move designed to simplify reporting structures in the region and strengthen its offering for customers and business partners. The reform of reporting lines brings HDI Global’s operations in Hong Kong and Singapore into closer alignment, with the existing management […]
Latest from GlobalData; The property insurance industry in Asia-Pacific (APAC) is projected to grow from $85.8bn in 2020 to $137.5bn in 2025, in terms of written premiums, according to GlobalData, a leading data, and analytics […]
International law firm DAC Beachcroft is delighted to announce it has been appointed to Zurich Insurance Group (Zurich)’s new large and complex claims legal panel for the Asia-Pacific (APAC) region, further consolidating its long-standing relationship […]
Large shipping losses are at a record low having fallen by over 20% year-on-year, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2020. However, the coronavirus crisis could endanger […]
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