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Growth in Asia Pacific emerging markets to remain strong in 2024: Fitch

by AIP Online Bureau | Jan 3, 2024 | Eco/Invest/Demography, Indian News

“Economic growth in APAC will generally remain strong in 2024, especially in emerging markets (EMs), supporting sector outlooks across the region. We expect real GDP to expand by, or above, 5 per cent in India, Indonesia, the Philippines and Vietnam, and...

Multilateral development banks provide record climate finance

by AIP Online Bureau | Oct 15, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

“But we need to do more. In Asia and the Pacific, home to many of the most climate-vulnerable countries, we will need to mobilize significant amounts of private sector finance to move from the billions to trillions required to cut greenhouse gas emissions and...

Asia Pacific Employee Medical Plan Costs for businesses to rise in 2024, highest since 2015: Aon

by AIP Online Bureau | Oct 10, 2023 | Health, Intermediaries, International News, Workplace/Employee Benefits

“Health and wellbeing costs have become an important concern for companies as year-over-year medical plan costs continue to rise. These rising rates often bring unexpected or unbudgeted cost increases and make affordability for employers and employees more...
Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023

Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023

by AIP Online Bureau | Jul 27, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Thomas Blunck, member of the Board of Management In the Asia-Pacific region, natural disasters resulted in overall losses of approximately US$ 7bn, of which roughly US$ 3bn was insured Earthquake in Turkey and Syria was by far the most devastating natural disaster in...

Tokio Marine Kiln appoints Cindy Gunawan as special risks underwriter in Asia Pacific

by AIP Online Bureau | Jul 26, 2023 | International News, Non-Life, Reinsurance

Gunawan’s appointment is the latest for TMK Asia Pacific, as it looks to develop and expand in this region in response to growing client demand London: Leading specialist insurer, Tokio Marine Kiln (TMK), today announces the appointment of Cindy Gunawan as...
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