New Zealand
PICL to sustain a strong capital level amidst growth: AM Best
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.
Quest Insurance to maintain strong capitalisation
However, future loss ratios are expected to rise.
Beneficial Insurance boasts 36.1% return on equity
Beneficial’s risk-adjusted capitalisation was strongest level as of 31 March.
UniMed’s capitalisation hits strongest level in 2023
Thanks to low underwriting leverage and moderate investment risk.
WTW starts tech industry practice in Australia, NZ
It will be led by Ben Di Marco.
Delta International shows solid underwriting in APAC markets
AM Best said the insurer’s tech infrastructure boosted overall GWPs.
DPL Insurance to maintain moderate growth, prudent earnings
For fiscal year 2024, its ROE was at 14.3%.
Co-op Life benefits from favourable underwriting results
AM Best expects continued robust pricing and positive investment income.
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