Asia-Pacific insurers have sufficient capital buffers to absorb investment and underwriting stresses from the Middle East conflict, in S&P Global Ratings' (S&P) base case.
Asian insurers have been urged to sustain equitable access to coverage to deal with the challenges of ageing populations and escalating care costs amid rapid growth. This call was made by Hong Kong's Financial Services and the Treasury Bureau Under Secretary for Financial Services and the Treasury Chan Ho Lim, Joseph, at the 21st Asia Conference on Healthcare and Health Insurance in Hong Kong.
Asia shows a divided picture when it comes to legacy planning, according to the findings of a survey published by HSBC Life.
High-net-worth (HNW) individuals prefer life insurance as a legacy planning tool, surpassing traditional options such as wills and trusts, according to a survey by HSBC Life released on 25 March.
The Asia-Pacific market has become the fastest-growing target for ransomware groups in the world, with cybercrime surging sharply in the region in 2025.
Changing temperatures associated with climate change mean that "the Poles are warming faster than the Tropics", according to FM Research Group Manager, Climate Risk and Resilience Research Dr Julien Oliver.
JBA Risk Management, a flood specialist, has updated its Global Flood Model, introducing enhanced hazard maps, a broad range of future climate event sets and improvements to both processing speed and exposure disaggregation.
Provider of international private medical insurance (IPMI), Bupa Global, has appointed Ms Alison Massey as General Manager for Asia.
Markel, the insurance operation within Markel Group, has expanded its warranty and indemnity (W&I) insurance capabilities into APAC, with two new underwriting appointments in Hong Kong and India.
Markel Insurance, has expanded its Warranty and Indemnity (W&I) insurance capabilities into the Asia Pacific region, with two new underwriting appointments in Hong Kong and India.