In 2025, losses from natural disasters in the Asia-Pacific cost around $73bn. These work out to about one third of the total global losses due to natural disasters in 2025. This is also above the 10-year average of $66bn. Only $9bn was insured. In many lower-income countries, insurance penetration remains below 5% according to global reinsurer Munich Re.
A study by multinational insurer Prudential has found that a majority of young adults in the region want a more structured approach to managing their finances. The research, titled "Financial Mindset of Young Adults in Asia", found that more than 71% of respondents prefer clear financial planning over spontaneity, maintaining consistent insurance and investment habits.
Mitsui Bussan Pana Harrison has appointed Ben Crookenden as Head of Energy - Specialty Division. Ben brings over 20 years of experience in insurance and reinsurance broking, with more than 15 years based in Southeast Asia.
Property-catastrophe reinsurance renewals in the Asia Pacific region were competitive at 1 January 2026, noted Howden, the global (re)insurance intermediary group.
APAC-based insurers are preparing to take on higher levels of investment risk over the next two years.
Reinsurers saw rate reductions approaching 20% in Asia Pacific for non-loss impacted accounts in 1 January renewals, Aon, a leading global professional services firm, highlights in its report titled "Reinsurance Market Dynamics January 2026 Renewal".
The main drivers of increased technology spending on asset liability management are regulatory demands, including heightened requirements for stress testing, solvency reporting, and risk disclosures, according to research from international FinTech company Clearwater Analytics (CWAN).
Globally, Asian organisations are least confident about their overall cyber risk strategies according to a new global survey conducted by global insurance broking firm Marsh.
TMK has appointed Ms Olivia Jackson as Cyber Underwriter within its cyber and enterprise risk team.
Life insurer PNB MetLife India Insurance Company (PNB MetLife) has launched an individual non-linked, non-participating, pure term insurance plan for salaried individuals, called the PNB MetLife DigiProtect Term Plan. A press release from the firm on 18 December said the product will be offered through a fully digital platform in partnership with Policybazaar.