News
Asia's commercial insurance rates drop 5% in Q1 2026
1+ hour, 53+ min ago (27+ words) Commercial insurance rates in Asia fell by 5% in the first quarter of 2026 (Q1 2026), making it the seventh quarter in a row of rate decreases....
This week in insurance: Asia reinsurance prices fall, Middle East tensions raise risk, insurers roll out AI and legacy products
2+ week, 4+ day ago (394+ words) The insurance and reinsurance sector saw rising geopolitical risk pressures'particularly from the Middle East'alongside continued optimism in trade growth, and a wave of product launches, this week from 13 to 17 April. Reinsurance prices in Asia and India fell during the April…...
Malaysia finance firms see AI ambitions falter as legacy systems block progress
3+ week, 15+ hour ago (796+ words) Finance executives say technology should support decisions, not fully replace human roles Panelists said at the Asian Banking & Finance x Insurance Asia Summit in Malaysia today that banks and insurers need to simplify processes first, fix data quality, strengthen governance,…...
This week in insurance: New health and cyber products launch, Japan solvency remains strong, AI focus intensifies
3+ week, 4+ day ago (455+ words) Reinsurance renewals at 1 April continued the softening trend. The insurance industry from 6 to 10 April saw a strong mix of product innovation, strategic retirement and cyber protection partnerships. Prudential Singapore has launched a suite of Integrated Shield Plan (IP) supplementary plans…...
Coface appoints Carmen Chow to lead Hong Kong commercial strategy
4+ week, 1+ day ago (125+ words) Former CGS Japanese Solutions head takes over regional performance goals. Trade credit insurer Coface has appointed Carmen Chow as Head of Commercial for Hong Kong, effective 1 April." Chow will lead the company's commercial performance strategy and oversee client engagement within…...
AI risks rise as 43% of firms lack formal frameworks: Gallagher Re
1+ mon, 1+ week ago (216+ words) Gallagher Re found just 44% had completed structured impact reviews. Technology risks arise amongst global firms as 43% of organisations have yet to introduce formal artificial intelligence (AI) risk management frameworks, despite the rapid integration of the technology into daily operations. According…...
APAC businesses at risk as fraud attack rate rises to 1. 7%
1+ mon, 1+ week ago (191+ words) There is a 59% rise in automated attack tools mimicking human behaviour. Businesses need to strengthen cyber protection as synthetic identity fraud has increased eightfold in 2025, according to the Lexis Nexis Risk Solutions Cybercrime Report. The analysis of 116 billion transactions in…...
How will the Middle East war drive cyber insurance demand?
1+ mon, 2+ week ago (530+ words) Geopolitical tensions are spilling into the digital realm. Rising tensions in the Middle East are beginning to ripple through the insurance market, with cyber insurance expected to see the strongest jump in demand as geopolitical risks intensify. A third-quarter 2025 poll…...
This week in insurance: Philippines protection gap flagged, cyber risks intensify, insurers push simpler products
1+ mon, 3+ week ago (503+ words) The country's life insurance penetration is only at 1. 8%. Leaders and policymakers in the Philippine insurance industry highlighted major structural challenges and opportunities this week, including a large protection gap, low insurance penetration, rising cyber risks, and more. The Philippines faces…...
Cybercrime tops insurance risks as AI heightens threats: Pw C
1+ mon, 3+ week ago (367+ words) Economic pressures and climate change round out the top five risks for the sector. Insurers should strengthen governance and operational controls as cybercrime remains the biggest threat facing the industry globally, according to Alvin Dave Pusing, director for financial services…...