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Insights
Voices from the local markets
Asia stands out as a vibrant and dynamic market for Property and Casualty insurance (P&C), marked by its expanding economies, rising incomes, and increasing urbanisation. However, recent trends indicate a slowdown in growth and rising challenges for insurers in the region, such as emerging risks like climate change and cyber threats.
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Insights
Lessons from a factory fire
On 5 July 2022, a fire broke out in Swix’s factory in Lillehammer, Norway. The fire started in a boiler that supplies the factory with hot oil to produce ski wax and glider. Production was interrupted and the warehouse was at risk of burning down.