The Malaysian general insurance industry's gross written premium (GWP) grew 6.9% y-o-y to MYR23.1bn ($5.3bn) in 2024.
Willis has appointed Mr Anant Pawar as aviation and space leader for India. In his new role, he will deliver innovative aviation insurance broking expertise and solutions to Willis' clients across the country.
These are the highlights for all events and updates across the industry this week.
Marsh Specialty has appointed Mr Andrew George as president. He will also join the Marsh Executive Committee.
Air India has secured a $20bn insurance cover for its expanded fleet following the Vistara merger, maintaining existing premium rates, according to sources.
The Federal Ministry of Aviation and Aerospace Development has held a meeting on creating a new partnership between the Nigerian Insurance Association and the Airline Operators of Nigeria.
International Transport Intermediaries Club (ITIC), the world's leading professional indemnity (PI) insurer for transport professionals, is increasing its focus on the aviation industry by launching a new "Aviation Rule Book", the rule book is the policy wording on which all policies for aviation assured's will now be based. As ITIC's aviation portfolio continues to grow, so does the need for a bespoke insurance solution tailored to meet the distinct demands of this dynamic sector.
Irish Insurtech Blink Parametric and MAWDY, the global insurance, reinsurance and services company and part of the MAPFRE Group, continue their global rollout of real-time travel assistance InsurTech by reaching out to the network of ceding insurers reinsured by MAWDY across the Sub-Saharan region.
Howden has appointed Ms Dorygel Calimlim as divisional director, head of aviation for APAC. In her new role, she will head Howden's newly launched regional aviation hub in Singapore.
The National Insurance Commission (NAICOM) has said that the country's insurance sector has the capacity and professional competence to provide coverage to the aviation sector.