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QBE names O’Brien to lead Asia marine liability cover
NewsAugust 12, 20261 min read

QBE names O’Brien to lead Asia marine liability cover

He will be based in Singapore and report to British Marine portfolio manager Richard Inman. QBE named Callum O’Brien as head of Protection and Indemnity (P&I), Asia. Based in Singapore,…

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Lloyd’s offers $200m capacity for Hormuz hull risks
NewsAugust 12, 20261 min read

Lloyd’s offers $200m capacity for Hormuz hull risks

The facility also includes $200m for protection and indemnity risks and $200m for cargo. Lloyd’s has announced the launch of a new marine war risk consortium aimed at providing additional…

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Malaysian Re targets cancer coverage gap with China Re partnership
NewsAugust 11, 20262 min read

Malaysian Re targets cancer coverage gap with China Re partnership

The treaty supports access to precision medicine through local insurers and takaful operators. Malaysian Reinsurance Berhad (Malaysian Re) and China Reinsurance Life Insurance Company Limited (China Re Life) have signed…

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Allianz Care adds cheaper cover amidst student cost strain
NewsAugust 11, 20262 min read

Allianz Care adds cheaper cover amidst student cost strain

The 2025 report found 85% of international students misjudged Australian living costs. Allianz Care has updated its Overseas Visitor Health Cover (OVHC) options in Australia, introducing a lower-cost policy named…

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APAC wealth insurance trails North America at $23.8b
NewsAugust 11, 20262 min read

APAC wealth insurance trails North America at $23.8b

The global market for wealthy individual insurance was valued at $103.5b in 2024. Asia-Pacific is set to be the fastest-growing region in the high-net-worth individual (HNWI) insurance market, with growth…

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Malaysia insurance premiums rise to $5.8b despite motor losses in 2025
NewsAugust 11, 20262 min read

Malaysia insurance premiums rise to $5.8b despite motor losses in 2025

Gross written premiums rose 4.8% to $5.8b last year. Malaysia’s general insurance industry reached a gross written premium of $5.8b (RM24.2b) in 2025, marking a 4.8% increase from $5.5b (RM23.1b)…

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AU insurers vanish from 70% of specific AI search answers
NewsAugust 11, 20262 min read

AU insurers vanish from 70% of specific AI search answers

Somantra studied 34,278 consumer conversations across 20 Australian insurers. Seventy per cent of detailed, specific insurance queries on artificial intelligence (AI) search engines in Australia fail to mention any corporate…

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Japanese life insurers pivot to offshore M&A as domestic market peaks
NewsAugust 11, 20262 min read

Japanese life insurers pivot to offshore M&A as domestic market peaks

Fitch forecasts major life insurers will hold enough capital to secure ratings through March 2027. Major Japanese life insurers are projected to continue buying foreign insurance companies to drive growth,…

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Digital insurance platforms to hit $432.2b by 2035 amidst cost-cutting
NewsAugust 11, 20261 min read

Digital insurance platforms to hit $432.2b by 2035 amidst cost-cutting

Adoption is rising as companies seek better decision accuracy. The digital insurance platform market is projected to register a compound annual growth rate of 10.7% from 2026 through 2035, pushed…

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APAC insurance IT budgets rise as AI reshapes spending priorities
NewsAugust 11, 20262 min read

APAC insurance IT budgets rise as AI reshapes spending priorities

Reducing costs increasing revenue and meeting regulations are emerging as key business goals. Asia-Pacific’s (APAC) property and casualty (P&C) insurers are expected to increase technology spending by nearly 14% in…

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