Global: Hurricanes and earthquakes could lead to global insured losses of $300bn in a peak year - Swiss Re Following the long-term annual growth trend of 5-7%, global insured natural catastrophe losses may reach $145bn in 2025, mainly driven by secondary perils like severe thunderstorms, floods and...
AIR+ AIR+ Indonesia: Reinsurance underwriters' profiles reflect changes in market dynamics Many factors influence the dynamics in Indonesia's broker-driven (re) insurance sector, according...
Malaysia: General insurance industry grows 6.9% in 2024 The Malaysian general insurance industry's gross written premium (GWP) grew 6.9% y-o-y to MYR23.1bn...
South Korea: National health insurance faces major losses South Korea's national health insurance system recorded its largest-ever deficit in 2024,...
AIR+ Asian corporation among 10 fossil fuel giants worldwide cited for trillions in climate damage Ten (10) fossil fuel companies caused more than $14tn of climate damage from 1991 to 2020,...
Indonesia: OJK cautions insurance sectors to stay vigilant amid asset growth and economic slowdown The Financial Services Authority (OJK) urged non-bank financial services institutions to stay alert...
AIR+ IAIS publishes comprehensive application paper on climate risk management The International Association of Insurance Supervisors (IAIS) has published its application paper...