Manulife Financial Corporation reported a 17% year-on-year increase in core earnings from its Asia segment to $635m in the third quarter of 2026, supported by the strength of its diversified regional business. Annualised premium equivalent sales declined 1% to $1,455m, while new business contractual service margin remained unchanged at $518m. New business value also held steady at $491m compared with the same period last year.
Risk prevention is the other side of the coin to insurance, according to Arundo Re CEO, Mr Bertrand Labilloy.
The Fidelis Partnership (TFP) has announced plans to launch a Singapore-based Lloyd's service company, The Fidelis Partnership APAC (TFP APAC), subject to regulatory approval. The company intends to commence underwriting from 1 January 2027 and will focus on building long-term partnerships in high-growth markets across APAC.
The United Nations has launched a first-of-its-kind insurance programme that could provide up to $40m in additional funding to help communities prepare for disasters before they lose their homes, food and livelihoods.
Two decades of growth in insurance capacity have failed to close Asia-Pacific's insurance protection gap because many of the region's largest losses now arise through concentrations and dependencies that create interconnected risks, rather than the individual assets insurers have traditionally underwritten, according to a new report by Tokio Marine Kiln (TMK).
The General Insurance Association of Japan (GIAJ) will host the International Union of Marine Insurance (IUMI) 2027 Conference in Yokohama, Japan.
elseco Group has opened elseco Asia in Singapore, with accident and health as its first line of business.
Commercial property insurer FM will provide eligible clients with an estimated $855m through its resilience credit programme for the second consecutive year. The programme offers a 10% premium offset amid historically low losses and strong results. Made possible by FM's mutual ownership structure, the credit will apply to eligible policies renewing or reaching their anniversary between 1 January and 31 December 2027.
Asia's resilience is narrowing. The region has weathered the Middle East energy shock and trade fragmentation better than expected, but its growth is increasingly dependent on a handful of artificial intelligence-related industries, according to Moody's Analytics.
Insurers in Australia and Japan have the greatest exposure to weather-related losses among major APAC markets, while solid capital buffers and adaptive underwriting will help mitigate rising risks.