Insurance Business Asia

Asia's insurance industry shines with innovation! The 5-Star Insurance Innovators report by Insurance Business Asia highlights 13 trailblazers transforming the market with advancements in technology, products, and distribution methods. https://hubs.la/Q02_dLGl0

Generali Global Corporate & Commercial (GC&C) has announced the appointment of Michela Moro as its new head of cyber insurance. https://hubs.la/Q0305zX20

Global specialty and P&C re/insurer Canopius Group has announced the appointment of Olivia Brindle as head of sustainability. https://hubs.la/Q0305_yN0

Ardonagh Group achieves a US$14 billion valuation with Stone Point Capital’s equity investment. CEO David Ross highlights alignment with the group’s growth vision. https://hubs.la/Q0305xJP0

Luigi Mangione was indicted in New York on first-degree murder charges for the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson in a shocking case that prosecutors said amounted to an act of terrorism. https://hubs.la/Q0305Vck0

Bajaj Allianz General Insurance has unveiled two new motor insurance add-on covers: Eco Assure - Repair Protection and Named Driver Cover. https://hubs.la/Q0305xJM0

The Hong Kong Insurance Authority (IA) has announced the appointment of Glen Ho and Ivan Chan from Deloitte Touche Tohmatsu as the new joint and several managers for Tahoe Life Insurance Company Limited, effective Dec. 17, 2024. https://hubs.la/Q02_-jBh0

UK-headquartered Newline Group has announced the establishment of its Hong Kong operations under the entity Newline Hong Kong Services Limited, signalling the specialty insurer’s ongoing expansion in Asia. https://hubs.la/Q0305ZtT0

These upgrades harness the power of large language models to tackle complex actuarial processes, refine model development, and help insurers stay IFRS 17 compliant. As Marc Brown Dip CII from WTW highlights, this is a "game-changing" advancement for life and health insurers looking to boost efficiency and reduce costs. https://hubs.la/Q02_-jBm0

Rohan Bhappu will join as deputy CEO in June 2025, preparing to succeed Goh Chye Huat as CEO on Oct. 1, 2025. This strategic transition will see Goh take on new responsibilities as regional chairman and chairman of Private Wealth, recognizing his impactful leadership over the years. https://hubs.la/Q02_-55p0