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APAC medical cost growth projected to slow to 9.7% in 2027, Aon Report

APAC medical cost growth projected to slow to 9.7% in 2027, Aon Report

by AIP Online Bureau | Oct 12, 2026 | Eco/Invest/Demography, Health, Intermediaries, International News, Non-Life, Reinsurance

The projected medical trend rate remains substantially above the forecast for APAC general inflation rate of 2.5%. After accounting for inflation, the net medical trend rate is expected to decline from 8.9% in 2026 to 7.2% in 2027. The decline in the regional trend...
South Korean banks were likely hacked by a China-based actor with an AI agent, CrowdStrike says

South Korean banks were likely hacked by a China-based actor with an AI agent, CrowdStrike says

by AIP Online Bureau | Oct 8, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management, Technology

Adam Meyers, senior vice president of counter adversary operations at CrowdStrike, told reporters on a call on Thursday that this was an example of a human adversary leveraging AI agents to conduct widespread attacks. The suspect behind recent cyberattacks at South...
China to pump $45 billion into state banks, insurers in capital-boosting push

China to pump $45 billion into state banks, insurers in capital-boosting push

by AIP Online Bureau | Sep 9, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life

Last week, the National Financial Regulatory Administration published draft amendments to the Insurance Law. The first such revisions since 1995 propose tighter oversight of insurers’ shareholders, higher minimal capital thresholds, a wider scope of insurers that...
Fatal floods expose Threats to Hydropower in the Roof of the World

Fatal floods expose Threats to Hydropower in the Roof of the World

by AIP Online Bureau | Sep 2, 2026 | Eco/Invest/Demography, International News

Costs of insuring projects may also increase as the recent flooding events “are likely to make insurers more cautious and the market for hydropower risks may harden further,” said Benjamin Ng, Asia power leader for Aon The devastating deluge that swept through the...
Before flood catastrophe, Nepal asked China for early warnings as risks mounted

Before flood catastrophe, Nepal asked China for early warnings as risks mounted

by AIP Online Bureau | Aug 31, 2026 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Technology

“What we actually wanted from them, and still want, is if there are early movements of glaciers and early movements around that area, we would want to know a bit early,” said Sauhardra Joshi, a hydrologist at Nepal’s Flood Forecasting Division, who...
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