Through the years, actuaries have kept redefining what it means to take risk: they price new risks, reserve for risks already underwritten and set aside capital to withstand extreme events.
AIA Group has reported strong financial results for the first six months of 2026, recording double-digit growth across its main financial measures and continued momentum in new business. Value of new business (VONB) rose 10% to $3.21bn, while operating profit after tax (OPAT) increased 13% per share. The insurer also reported a 10% increase in underlying free surplus generation (UFSG) per share. AIA said the results put it on track to exceed its target of 9 to 11% compound annual growth in OPAT per share from 2023 to 2026.
Allianz Asia Pacific reported strong first-half results for 2026, with operating profit excluding India rising 11.4% to EUR455m. Life and Health operating profit increased 6.4% to EUR358m ($419m), while P&C operating profit surged 35% to EUR97m. New Business Value (NBV) rose 3.9 per cent to EUR396m, while excluding Thailand, NBV increased 16.5% to EUR319m, led by China, Indonesia and Malaysia. The insurer also reported an 8% increase in Present Value of New Business Premiums (PVNBP) to EUR4.5bn.
Some of Asia Pacific's leading insurance agents, financial advisers, agency leaders and industry executives were honoured at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026, held on 19 August at the Centara Grand & Bangkok Convention Centre at CentralWorld in Bangkok.
The insurance part of pensions is set to increase, and minimal pension to be raised, to KGS8,800 ($100) in Kyrgyzstan, effective 1 October 2026.
One of the most important events in the calendar of insurance agents and advisers in Asia Pacific - the 11th Trusted Life Agents & Advisers Awards (ATLAA) - concluded earlier this evening, celebrating 16 winners recognised for their outstanding contributions and performance.
The actuarial profession will need to evolve as Singapore and Asia face a world of increasingly complex, interconnected and consequential risks, according to Mr Alvin Tan, a Board Member of the Monetary Authority of Singapore who is also Minister of State, Ministry of Foreign Affairs and Ministry of National Development.
The insurance market for high-net-worth individuals (HNWIs) remains structurally underpenetrated, creating a window of opportunity for insurers, according to a report by global management consultancy McKinsey & Company.
Mandarin Re has appointed Mr Patrick Ward to its Board of Directors.
Canada Life Re has announced the formation of its new regional office in Singapore, and appointed Mr Wil Chong as CEO to lead the entity.