Nearly two-thirds of individuals believe that agentic artificial intelligence (AI) will play a supportive role in the insurance industry, with humans still in the background, whilst 18.4% think it will replace human agents and the remaining 17.3% believe that AI will play a minimal role and human interaction is essential.
Swiss Re Institute projects that renewable energy could generate up to $26bn in insurance premiums in underwriting year 2030 amid increasing investment in greener energy.
AIA has announced the extension of its association with Tottenham Hotspur Football Club and also becoming the club's global training partner from July 2027 through to June 2032.
Consumers who are optimistic about economic improvement are more likely to boost their insurance spending compared to those who believe the economy is deteriorating, a study by Hong Kong-headquartered global reinsurer Peak Reinsurance Company has found.
While financial security is regarded as a cornerstone for legacy planning across the region, more than half of the respondents to a survey by Sun Life Asia feared their wealth will not last beyond their children's generation, thus underscoring an urgent need for structured planning and financial literacy.
Allianz Asia Pacific has announced the expanded role of Mohit Bahoria as regional chief strategy, distribution, and customer officer.
The winners for the 29th Asia Insurance Industry Awards have been revealed, with 17 of the region's top insurers, reinsurers, brokers, risk managers and service providers bringing home a trophy.
South Asia and Southeast Asia contributed more than half of the global deaths attributed to high temperature. In 2021, South Asia recorded 209,537 deaths and Southeast Asia recorded 32,230 deaths due to high temperatures.
A new framework designed to transform the cyber reinsurance landscape in the Asia Pacific (APAC) region has been launched by global reinsurance brokerage and risk management firm Gallagher Re. The new initiative aims to align the growing demand for cyber reinsurance in APAC with global capacity, offering a flexible and comprehensive solution to meet the region's unique needs.
Insurance is expected to continue playing a crucial role in legacy planning across Asia, as new research from Sun Life Asia reveals that financial protection remains the cornerstone of how families plan to preserve wealth for future generations, with most respondents fearing their wealth will not last beyond their children's generation.