1+ hour, 59+ min ago   (424+ words) Prudential Hong Kong also expanded its office space. The insurance industry from 17 to 21 August saw a wave of new product launches, business expansion and strong first-half earnings growth this past week. Chubb Life Hong Kong has launched the Chubb Care…...

2+ day, 1+ hour ago   (649+ words) Investment could exceed $1t annually by 2027. The artificial intelligence (AI)-driven expansion of data centres is creating new construction, operational, climate and insurance risks, with China and the US expected to account for most of the market. Annual investment in data…...

3+ day, 1+ hour ago   (392+ words) Tokio Marine Holdings is expected to return to profit growth from fiscal 2027 as higher premiums and continued strength in its international business help offset inflation-related cost pressures in Japan, according to Morningstar. Morningstar forecasts Tokio Marine’s net income to rise…...

3+ day, 1+ hour ago   (682+ words) Production shutdowns can outweigh data theft for industrial operators. A ransomware attack that reaches a factory floor can do more than lock files. It can stop machinery, halt production, and disrupt supply chains. But when the damage turns physical, manufacturers…...

1+ week, 2+ day ago   (167+ words) Property accounts for around 70% of its portfolio. Labuan-based reinsurer Mandarin Re has increased its paid-up capital to $26m, its second increase this year, as it targets $70m in gross written premiums for 2026. Property makes up around 70% of its book, alongside engineering, marine,…...

1+ week, 4+ day ago   (322+ words) Increased power and battery storage can cause fire and equipment failure. Artificial intelligence (AI)-driven demand could nearly triple global data centre power consumption by 2030, forcing insurers to reassess facilities exposed to strained electricity grids, climate hazards, and cyberthreats. “Power…...

2+ week, 4+ day ago   (187+ words) Threat monitoring and incident response are bundled with the policy. MSIG Singapore has partnered with the newly launched Cybersecurity Association Singapore Limited (CASL) to provide cyber insurance as part of a wider package of cybersecurity services for small and medium-sized…...

3+ week, 1+ hour ago   (437+ words) Rise of China insurance and wealth management firms are shrinking office vacancy rates in Hong Kong. The insurance industry from 27 to 31 July saw growing focus on retirement and long-term care preparedness, AI-driven transformation, and regional market developments. Planning for long-term…...

3+ week, 1+ day ago   (348+ words) Four safeguards cover early screening, emergency support, medical assistance and multi-disease care. Ping An Group has launched an upgrade to its health longevity service system, introducing AI-driven private coaching and opening 11 dedicated longevity centres across China. The system relies on…...

3+ week, 2+ day ago   (230+ words) Data centre owners and investors are being urged to rethink their traditional approach to buying insurance, with warning signs that many firms are over-insuring due to a poor understanding of their actual risk exposure. According to global insurance broker Willis,…...