At the 29th Asia Insurance Industry Awards 2025, Taiping Re was pleased to be awarded “General Reinsurer of the Year”.
Marking Taiping Re’s 45th anniversary, the award recognises our long-standing commitment to client service, innovation, and its contributions to economic development and social resilience.
It is viewed not only as a milestone celebration but also as a strong endorsement of the partnerships forged over the years. This accomplishment belongs to the entire Taiping Re team and reinforces our dedication to clients and to advancing high-quality development across the industry.
What powered this achievement?
Taiping Re is cultivating a powerful synergy by strategically leveraging technology to drive insurance innovation.
Our recent recognition reflects four key strengths:
- Strong value creation driven by consistent underwriting performance and innovative reinsurance solutions
- Proven cycle management supported by 45 years of trusted, long-term partnerships in Hong Kong
- Active adoption of technology, including deploying the DeepSeek LLM in Taiping Re China and launching an AI life risk assessor covering 2,000+ diseases; and
- Enhanced capabilities in managing emerging risks.
A testament to our strategic progress
In 2024, supported by favourable market conditions, Taiping Re delivered solid results with $1.11bn insurance service revenue, a 92.7% combined ratio, and 8.3% ROE.
The company maintained strong operating performance while advancing CAT risk management and innovation, including Asia’s first dual-perils, dual-triggers CAT bond, customised flood models with local universities, and Nat CAT schemes protecting SMEs and infrastructure projects.
Taiping Re strengthened core non-life markets, expanding regionally and globally, maintaining life underwriting quality, and supporting social welfare.
Competitiveness and client value were enhanced through a “technology + service” model, while advanced catastrophe risk practices, proactive engagement in the Captive Eco-system and Low-Altitude Economy contributed to Hong Kong’s development as an international risk management centre.
Priorities for 2026
The market trend indicates that we need to proactively plan, seize market opportunities and flexibly adjust underwriting strategies to address the foreseeable cyclical market changes.
This approach is crucial not only for our 2026 business development but also for our strategic planning under the “Fifteenth Five-Year Plan”.
With a strong and widespread network and a broad client base, Taiping Re will continue to engage in close dialogue with clients in the region to strengthen collaboration.
We aim to provide as much support as possible to our core partners across multiple lines of business and to further diversify our book.
Our priority for the year ahead remains underwriting profit, supported by a prudent, disciplined approach. We will continue to act as a shock absorber for the industry, working with clients to support sustainable long-term growth.
A heartfelt message for employees and stakeholders
I would like to extend my deepest gratitude to every member of the Taiping Re team and to our valued partners.
This recognition reflects your collective effort, professionalism, and dedication.
Your commitment and innovative spirit have driven our success and earned industry acclaim. We remain steadfast in delivering value and strengthening our role as a trusted, innovative partner. A