Liberty Specialty Markets has officially entered the Asian fine art and specie insurance market, aiming to offer tailored protection for high-value assets to both individuals and institutions. The expansion reflects the company’s ambition to capitalise on a region where demand for specialised insurance solutions is rapidly increasing. The new offering encompasses comprehensive coverage for fine […]

Singapore’s domestic general insurance sector demonstrated solid growth in 2025, with gross written premiums (GWP) increasing 8.4% year-on-year (YoY) to US$4.76 billion (S$6.1 billion), according to the General Insurance Association (GIA) of Singapore. The combined GWP for both domestic and offshore segments rose 3.7% YoY to US$8.74 billion (S$11.2 billion), signalling continued expansion across local […]

The insurance industry is entering a transformative era as automation and artificial intelligence begin to reshape core operations. According to a recent Aon report titled Three Roles to Build Insurance’s Next-Generation Workforce, automation could replace 43% of insurance tasks by 2030, while 97% of insurers are accelerating their automation initiatives. The report warns that insurers […]

Global insurance mergers and acquisitions rebounded in 2025, with the Asia-Pacific (APAC) region leading the charge amid broader market stabilisation. Clyde & Co’s annual Insurance Growth Update reported 211 completed deals worldwide last year, a modest rise from 202 deals in 2024. This follows a sharp decline from the 2023 high of 346 transactions, reflecting […]

Rising hostilities involving Iran are exerting renewed pressure on the global aviation insurance market, with implications for pricing, underwriting, and risk management, according to legal and insurance specialist Kennedys. As geopolitical instability escalates, aviation insurers are facing both immediate operational challenges and long-term structural strain in the war risk segment. Disrupted Flight Operations Airlines operating […]