Opinion Archives - InsuranceAsia News https://insuranceasianews.com/post_category/opinion/ Thu, 11 Dec 2025 07:12:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 A sinking feeling? P&I clubs needs to grasp the nettle, but choppy waters lie ahead https://insuranceasianews.com/a-sinking-feeling-pi-clubs-needs-to-grasp-the-nettle-but-choppy-waters-lie-ahead/ Thu, 11 Dec 2025 23:30:15 +0000 https://insuranceasianews.com/?p=206598 Volume of claims finding their way into the International Group of P&I Club’s (IG) pool has made many clubs twitchy after it suffered its worst year ever in 2024.

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The world’s P&I clubs are bracing themselves for a hectic round of renewals for the 2026-27 policy year, but there is growing evidence that some in the sector fear the current system is holed bene...

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]]> Mutually beneficial to address Hong Kong’s marine war insurance needs https://insuranceasianews.com/mutually-beneficial-to-address-hong-kongs-marine-war-insurance-needs/ Sun, 30 Nov 2025 23:30:14 +0000 https://insuranceasianews.com/?p=205632 Hong Kong Marine War Risks Insurance Pool will focus on providing marine war risk insurance, covering vessel loss or damage caused by acts of war, piracy, terrorist attacks, and related geopolitical incidents.

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I read with some interest that Hong Kong has launched a marine specialty risks insurance pool, after it was first mentioned by Chief Executive John Lee Ka-chiu in his 2025 policy address in September....

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]]> Can AI solve the APAC renewable risk conundrum? https://insuranceasianews.com/can-ai-solve-the-apac-renewable-risk-conundrum/ Tue, 28 Oct 2025 23:30:20 +0000 https://insuranceasianews.com/?p=203050 A shift is needed from a reliance on historical pattern recognition to inform pricing and underwriting decisions to engagement with real-time data analytics and technology-based risk assessment instead. 

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What a curious picture the global renewables energy market is at the moment.
Not so long ago, US President Biden had steered the Inflation Reduction Act through Congress – essentially a craftily title...

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]]> ‘Dib dib dob dob’: Hong Kong’s disaster risk management leads the way, highlighted by subdued Super Typhoon Ragasa losses https://insuranceasianews.com/dib-dib-dob-dob-hong-kongs-disaster-risk-management-leads-the-way-highlighted-by-subdued-super-typhoon-ragasa-losses/ Mon, 29 Sep 2025 23:30:53 +0000 https://insuranceasianews.com/?p=200918 Most powerful tropical cyclone of the year to date impacted Hong Kong, Macau, mainland China, Taiwan and the Philippines last week.

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Super Typhoon Ragasa - the most powerful tropical cyclone of the year to date - traversed the Chinese mainland and weakened into a tropical storm, having battered Hong Kong, Taiwan, and the Philippine...

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]]> When will Fukushima’s shadow finally disappear for the insurance market? https://insuranceasianews.com/when-will-the-shadow-of-fukushima-finally-disappear-for-the-insurance-market/ Thu, 18 Sep 2025 23:30:48 +0000 https://insuranceasianews.com/?p=199190 With issues of possible radioactive contamination still in the news, the prospect of claims continues to linger.

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If anyone had doubts that (re)insurance is often a very long game, look no further than the 2011 Fukushima nuclear disaster in Japan.
To recap, Japan’s Fukushima nuclear power plant was hit by a devas...

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]]> A bruising year lies ahead for APAC’s underwriters https://insuranceasianews.com/a-bruising-year-lies-ahead-for-apacs-underwriters/ Thu, 21 Aug 2025 23:30:19 +0000 https://insuranceasianews.com/?p=198023 Flush with capacity and brokers in control, the market is likely staring at an extended period of softening.

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Who’d be an underwriter, eh? For a brief while, the sun comes out, you bag your spot at the beach, order a restorative Campari & Soda, and life seems good. But what’s this? The tang of iodine in t...

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]]> No handouts, please!: How long should the taxpayer foot the bill for India’s partly bad, partly good insurance market? https://insuranceasianews.com/how-long-should-the-taxpayer-foot-the-bill-for-indias-partly-bad-partly-good-insurance-market/ Thu, 07 Aug 2025 23:30:29 +0000 https://insuranceasianews.com/?p=192723 Reports suggest the government is once again considering a capital injection for its three state-owned domestic insurers are concerning.

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The Indian insurance market in 2025 fits well into the definition of the curate’s egg - good in parts.
For sure, there is plenty to take encouragement from. In terms of top-line growth, the statistics...

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]]> After Russia earthquake scare, is Japan’s resurgent nuclear industry really prepared for the ‘Big One’? https://insuranceasianews.com/after-russia-earthquake-scare-is-japans-resurgent-nuclear-industry-really-prepared-for-the-big-one/ Thu, 31 Jul 2025 23:30:31 +0000 https://insuranceasianews.com/?p=196461 8.8-magnitude earthquake which struck off Russia's far eastern coast on Wednesday triggered tsunami warnings across Japan and the wider Pacific region.

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It has been a testing week for Japan’s beleaguered Fukushima nuclear plant, with all 4,000 of its workers forced to be evacuated after a massive 8.8-magnitude earthquake struck off Russia's far easter...

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]]> How far must temperatures rise before APAC commercial market really walks away from climate risk? https://insuranceasianews.com/how-far-must-temperatures-rise-before-apac-commercial-market-really-walks-away-from-climate-risk/ Thu, 17 Jul 2025 23:30:16 +0000 https://insuranceasianews.com/?p=195411 Region is right in the firing line when it comes to climate risk given the increasing scale and frequency of insured losses in recent years.

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“The thing is, my dear boy, at the end of the day underwriters need to underwrite.”
This wonderful quote from the mouth of a European property fac veteran is one that keeps resurfacing in my mind at v...

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]]> Specialty market set to be tested in the fire once again as Iran escalation evokes memories of Gulf War https://insuranceasianews.com/as-iran-escalation-evokes-memories-of-the-gulf-war-specialty-market-set-to-be-tested-in-the-fire-once-again/ Thu, 19 Jun 2025 23:30:24 +0000 https://insuranceasianews.com/?p=193278 Conflict between Israel and Iran is bringing back memories of the Gulf War, which was seen a key testing ground for the resolve of the marine market, with numerous attacks on ships.

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As I write this, all eyes are, once again, on US President Donald Trump, who left the table at this week’s G7 summit in Canada early in order, he specifically said, not to arrange a ceasefire between ...

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