Insurance
CrowdStrike incident unlikely to impact global insurer finances
Industries requiring 24/7 availability will be more affected, especially in APAC.
CrowdStrike incident unlikely to impact global insurer finances
Industries requiring 24/7 availability will be more affected, especially in APAC.
Nan Shan holds 12% market share in Taiwan's insurance
The insurer's total capital increased due to narrower unrealised losses in 2023
Allianz’s acquisition won’t have impact on market: Fitch Ratings
This deal will make it the largest property and casualty insurer in Singapore.
Cyber insurers examine common tech dependencies after crash
Guy Carpenter will assess the impact on tail risk and the $15.5b industry.
CHIC's solvency ratio falls below industry average in Q1 2024
CHIC is expected to slow premium growth in 2024.
Korean insurers face volatile investment returns under new IFRS
Stricter K-ICS risk charges prompt portfolio adjustments.
ZAIL's outlook stable, reflects parent Zurich Insurance's status
ZAIL’s capital adequacy remains strong at the 99.99% stress level.
Re/insurers reevaluate policies after CrowdStrike system crash
Aon sees an opportunity to improve the granularity of policy information.
Prudential Financial Advisers aims for 1,000 reps by end of 2024
By the end of 2025, it hopes to see 1,500 representatives.
Cyber risk outshines industry threats, surpassing natural disasters
As more firms store data, they become more vulnerable to attacks.
MAIPARK focuses on earthquake risk, enhances buffers
The Indonesia insurer’s profitability improved in 2023.
First Insurance Limited’s position weakest in peer group
Fitch assesses New Zealand and Australian life insurers in a peer review.
PICC Group's sole overseas entity enhances PICC HK
Last year PICC HK returned to profitability.
Munich Re's capitalisation exceeds strongest requirements
Munich Re reported a net profit of $5.02b in 2023.
Income Insurance under credit watch after Allianz announcement
S&P Global said it could downgrade the Singaporean insurer.
QBE's conservative investments support stability
Its net/net combined ratio improved to 91.2% for 2023.
P&C reinsurers post strong Q1 underwriting income
The average combined ratio for the selected reinsurers was 84.2% in Q1.