APAC
Parametric insurance market set to double by 2033
The manufacturing sector held the largest share of the market in 2023.
Parametric insurance market set to double by 2033
The manufacturing sector held the largest share of the market in 2023.
How did APAC insurers fare in 2023?
The average premium earned by these companies grew by just 1.3%.
S&P warns of strained profitability for insurers due to climate events
Last year was the fourth straight year insured losses surpassed $100b globally.
APAC insurers increase cybersecurity investments by 48%
Insurance premiums for cyber policies rose by 70% from 2020 to 2022.
Brands For Less integrates quality and affordability for all
Brands For Less continues to expand its reach, adhering to its commitment of making quality retail products accessible to consumers at an affordable cost.
How technology can help Southeast Asian life insurers close the protection gap, create new revenue streams
Digital transformation is crucial to address these challenges through digital distribution, microinsurance, big data, AI, telematics, and modern IT systems.
Construction insurance sector set for growth with energy, utility projects
Energy and infrastructure projects are expected to climb 7.8% and 5.1%, accordingly.
PERA HUB takes home Philippines Technology Excellence Awards 2024 for API platform
The platform has already been successfully integrated into the mobile applications of leading financial institutions and has shown a robust growth of 300% in transactions over the past year.
FPT International Telecom Co. Ltd. wins Vietnam Technology Excellence Award 2024 for data centre enhancements
The capacity expansion of its data centres have brought important benefits to customers, businesses, and industries.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
Keppel recognised at China Technology Excellence Awards 2024 for cutting-edge digital solutions at Park Avenue Central in Shanghai
The solutions in Keppel’s PAC building herald the future of smart and sustainable urban spaces.
Asian Technology Excellence Awards 2024 showcases top digitally innovative companies in Asia
Winning companies were honoured at the Awards Ceremony in Bangkok, Thailand on 5 September 2024.
Insured losses from NatCat surge to $151b, fueled by urban growth
The five-year average annual loss is at $106b.
Asia-Pacific may miss RE targets
Countries must attract investments to advance their clean energy goals.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
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HEINEKEN Malaysia’s Drinkies Toasts to Double Victory at the Asian Experience Awards 2024
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