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More focus expected on profitability in the short term in P&C reinsurance sector - Hanover Re
Over the medium to long term, substantial growth in the property and casualty reinsurance in the APAC region continues to be anticipated,...
May 10, 20241 min read
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Non-life sector drives profit growth in 2023
The Insurance Commission (IC) has announced that the net income of the insurance industry, comprising life and non-life insurance...
Apr 12, 20241 min read
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Cebu Province pioneers insurance scheme for govt workers
The Cebu Provincial Board (PB) has approved an ordinance establishing Sugbo Segurado, an accident and life insurance plan for all...
Apr 1, 20241 min read
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Philippines tops 36 markets as the most economically exposed to intensified Nat CAT
A new analysis of 36 countries/markets by Swiss Re Institute ranks the Philippines as the most economically exposed among them today,...
Feb 29, 20242 min read
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One-eighth of disaster losses in the region in 2023 are insured
Losses from natural disasters in the Asia-Pacific and Africa region totalled $64bn in 2023, slightly lower than the $66bn seen in the...
Jan 11, 20242 min read
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ASEAN Reinsurance Working Committee members sign MoU on Renewable Energy Pool
Members of the ASEAN Reinsurance Working Committee (ARWC) have signed a Memorandum of Understanding (MoU) to support underwriting...
Dec 14, 20231 min read
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Oona Insurance to take over Oona Philippines
Insular Life (InLife) and Singapore-headquartered Oona Insurance Group (Oona) have announced jointly that they are entering into an...
Dec 13, 20232 min read
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Region's insurance markets affected differently by inflation
The impact of inflation on ASEAN insurance markets was less than in mature Western markets, as inflation in Southeast Asia was on average...
Dec 13, 20234 min read
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