New Zealand
First Insurance Limited remains stable amidst looming portfolio transfer: Fitch
The insurer remains open to new business until the transfer.
Insurance sector to aid in New Zealand climate policy development
The CE said a large portion of NZ-ers live in high-risk areas.
Southsure Assurance profitability tied to revenue control: Fitch Ratings
Limited presence and exposure to possible regulatory intervention challenge its profile.
Partners Life’s capitalisation to remain at ‘strongest level’ in medium term
Its in-force portfolio and consistent investment returns have been favourable.
9 in 10 New Zealanders are not financially prepared
1 in 5 retirees has insufficient worth of savings to sustain their current lifestyle.
New Zealand records nearly 10,000 claims for damage from landslides
Losses from landslides have totalled $170m since January 2023.
PICL to sustain a strong capital level amidst growth: AM Best
However, long-duration policies in PICL's portfolio pose reserving risks.
Charles Taylor expands regional network with New Zealand's Carter Briggs Hurle
It aims to enhance claims management across Australasia.
Worldcare rebrands as Allianz Travel Insurance in New Zealand
It now allows travellers to customise insurance packages.
Hanwha Life acquires 75% stake in US firm Velocity Clearing
It aims to establish a foothold in the US financial sector.
Reinsurance costs challenge New Zealand insurance earnings
2024 experienced fewer significant weather events, alleviating claims expenses.
Flood infrastructure saves 10x rebuilding costs
Climate change is expected to drive up these losses further.
Loyalty costs Australians in insurance premiums
1 in 3 who expressed satisfaction with providers rarely or never compare policies.
Marsh McLennan bags $3.5b in Q3 Revenue for insurance
EPS rose 3% to $1.51.
India, Philippines pension systems lack adequacy: Mercer
A score below 35 would indicate serious deficiencies.
Why ageing Asians prefer critical illness coverage
Japan and India have the largest share of life insurance ownership.
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Embrace AI or be left behind, an expert said at the Asian Banking & Finance and Insurance Asia Summit today.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers