insurance
Insurance could cushion a $14t economic loss from a pandemic scenario
Insurance could cushion a $14t economic loss from a pandemic scenario
The transportation sector will be significantly hit, which accounts for 10% of the global GDP.
Resolution Life acquisition could add $330m to Nippon Life's profit
Fitch views the transaction as credit-positive for Nippon Life.
Australia warns of spike in theft claims amidst holiday season
Half of Aussies said they planned for 4-day vacations, leaving homes vulnerable.
Zheshang Insurance capital position under pressure: Fitch Ratings
Fitch also highlighted concerns over the insurer’s higher asset and liquidity risks.
AIA maintains strong capital position in 2024: Fitch
Thanks to a coverage ratio of 262% under the local capital summation method.
Insurers alert to higher cyclone, flood risks in Australia
The threat of tropical cyclones remains high in northern Australia.
Stable underwriting improves China Taiping Insurance's outlook
Capital and surplus increased by 2.4% in 2023, reaching $679m.
Charles Taylor expands regional network with New Zealand's Carter Briggs Hurle
It aims to enhance claims management across Australasia.
Climate change drives $600b in insured losses over 20 years
28 leading global insurers saw climate-related losses reach $10.6b.
JD Allianz, JD Auto enhance Dida’s insurance offerings
This synergises JD Auto and JD Allianz into Dida’s platform.
Asia shies away from savings to protection products
This is to align with ICS and IFRS 17 standards.
Removing 74% FDI cap may benefit insurers more: Chairman
This could remove the need for joint ventures, but int’l insurers may still favour local partnerships.
Petrolimex Insurance profits from low-loss property and marine lines
PJICO follows a conservative investment strategy, with most investments held in deposits.
Insured losses top $100b for fifth consecutive year
Annual insured losses are expected to rise by 5% to 7%.
Insurers face challenges from aviation grey zone conflicts
GPS spoofing and jamming are growing threats for insurers.
Chubb Life’s strong regulatory capital supports stability
Fitch expects it to continue prioritising regular-paid and protection-focused policies.
International Association of Insurance Supervisors sees stable 2025
Supervisors are implementing stress testing and contingency planning to mitigate risks.
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The Group was recognised in Papua New Guinea and Fiji for insurance, bancassurance, and partnerships.
Commentary
Why expanding embedded insurance is Asian telcos’ next differentiator