In 2023, there were 85 combined Nat CAT and manmade disasters in Asia, according to Swiss Re's sigma report, Natural catastrophes in 2023: Gearing up for today's and tomorrow's weather risks. The economic loss, the report said, was $49.6bn, of which $7.8bn was insured.
Lockton has appointed Mr Richard Turner as Asia head of market management group (MMG). In his new role, he will establish Lockton Asia's market-leading carrier management function by building and launching MMG for the region.
SCOR has appointed Ms Chloe Wang as head of SCOR L&H APAC. This newly created role was formed by combining L&H fast growth markets APAC and L&H mature markets APAC.
Pan-Asia insurer AIA Group yesterday announced that it had chalked up a record value of new business (VONB) for the first half of this year, which rose by 25% to $2,455m.
Prudential has expanded its alliance with Google Cloud to develop artificial intelligence (AI)-powered products and solutions.
Australia has dealt with cyber breaches of some major companies including financial and insurance companies, says QBE Insurance.
Aviva Investors has appointed Mr Denis Resovac as head of insurance solutions sales. In this newly created role, he will be responsible for leading the development of investment solutions for Aviva Investors' insurer clients across APAC.
Oliver Wyman has appointed Mr Paul Ricard as head of insurance and asset management. In his new role, he will be responsible for driving the growth of Oliver Wyman's insurance and asset management practice in the region, leading development of client accounts and ensuring the business is effectively serving the needs of the region.
Qoala has appointed Mr Randy Lianggara to its board and Mr Yujun Chean as group COO.
The finalists for the 28th Asia Insurance Industry Awards have been revealed, with 47 of the region's top insurers, reinsurers, brokers, risk managers and service providers making the shortlist. The awards are well known for their stringent criteria and transparent selection process, overseen by a panel of expert judges from across the insurance industry.