
Asia Pacific
International re/insurers are looking to Asia Pacific markets for growth opportunities

Australian official says insurance costs are growing problem
Apra’s Magill urges more transparency on prices and conditions

China-Taiwan conflict fears could spark war risk insurer exodus
Even current ‘phoney war’ may have unintended consequences including marine casualties, conference hears

Allianz working on new India joint venture: report
German firm has reached ‘preliminary agreement’ with Ambani-backed company

Opportunities for foreign investment in India’s insurance market open up
Allowing 100% foreign direct investment will have far-reaching implications for India’s insurance sector and will encourage significant capital inflows

India regulator licenses private reinsurer Valueattics
Fairfax-backed reinsurer to challenge state-owned GIC Re’s de facto monopoly

Allianz exits Indian joint ventures for €2.6bn
German insurance giant to sell 26% stakes in life and non-life joint ventures with Bajaj Group

Cyclone Alfred declared ‘catastrophe’
Weakened former cyclone struck Queensland on March 8 and has generated more than 9,000 claims

AI adoption could save P&C insurers more than $480bn a year
Digitalised firms increasingly outperforming less technologically advanced rivals, Acord study finds

Australia could face more than $1.2bn in Cyclone Alfred losses
Cyclone Alfred expected to hit southern Queensland this weekend

Australian opposition attacks uncompetitive insurance market
Liberal Party of Australia leader calls for structural barriers to be reduced, so new companies can enter the sector

Chubb to buy Liberty business in Thailand and Vietnam
Liberty operations Chubb is acquiring produced $275m in net written premiums in 2024

Hong Kong extends ILS grants for three more years
City has been making efforts to attract Apac insurance-linked securities business, but lags behind Singapore

Pacific typhoons could prompt risk modelling updates: Chaucer
Specialty re/insurer has incorporated Pacific typhoons shifting northwards into its risk assessments, highlighting an increased likelihood of losses over the next decade

QBE reports 27% increase in profit for 2024
Australian insurer says California wildfire exposure around $200m

Sompo restructure separates P&C and life
The Sompo P&C division will integrate Sompo International’s re/insurance business with its Japan-based commercial and consumer P&C operations

India to allow 100% foreign ownership of local insurers
Finance minister announces measure in budget speech
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