Insurance
Premium grows 9.5% in 2023 outpacing nominal global GDP
Premium grows 9.5% in 2023 outpacing nominal global GDP
This was mainly driven by carriers pushing for rate adequacy after high inflation.
Zurich eyes to surpass 23% ROE in next three years
It also aims to achieve core EPS with a CAGR of over 9%.
IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold
The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund...
Individual health claims rise 29.3% as overall payouts dip in Indonesia
Surrender claims and death claims fell by 13.5% YoY.
S’pore’s NTU develops AI model for affordable farmer insurance
It could improve policyholders’ wealth by nearly 5% whilst being 37% cheaper.
Canara HSBC Life unveils OmniGen AI to streamline underwriting
It also helps underwriters refine key judgement points in risk evaluation.
QBE's conservative portfolio curbs investment risk
Net profit doubled year-on-year to $806m in H1 2024.
Aon appoints new leader for data and analytics
He will be based in Singapore.
Increased capital ratio supports Arch Indemnity's growth
Fitch expects this ratio to remain above the insurer’s internal target range.
Chaucer appoints new class underwriter for political risk
Ng specialised in political risk underwriting at AXA XL before joining the company.
China-based Groupama SDIG enhances non-agri insurance strategy
Over the past three years, the company’s combined ratio averaged 98%.
Half of risk leaders confident in current strategy: WTW
23% of respondents said supply chain issues as a critical challenge.
Climate change alters insurer risk management: S&P
Secondary perils have caused the reinsurance industry to regain capital in 5 of 6 years.
Hanwha Life acquires 75% stake in US firm Velocity Clearing
It aims to establish a foothold in the US financial sector.
Allianz Asia Pacific's business volume jumps 16%
The annualised premium (ANP) for Life/Health grew 14%.
New PH rule allows insurers and reinsurers to invest in infrastructure projects
Investments may be made through equity or debt.
APAC insurance M&A activity slows in Q3
Two major transactions faced regulatory scrutiny during the quarter.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
