P&C insurance
P&C insurers face strategic pressure as growth in premiums slows: McKinsey
The average combined ratio improved to about 91% in 2023 driven by rate increases.
3 days ago
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
4 days ago
Yingda Taihe Property Insurance expected to keep low investment risk
It’s risk-based capitalisation was supported by increased retained earnings.
China to boost commercial insurance annuities
It also plans to establish a regulatory framework for its supervision.
P&C insurance profits bolster ZhongAn's performance
AM Best expects ZhongAn’s to continue facing challenges from investment fluctuations.
Zurich’s P&C segment in Asia grows 4% YoY in 9M 2024
The Life insurance segment saw its new business premiums increase by 6%.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Property insurance industry to exceed $152b by 2028
China is forecast to lead with 36% in terms of written premiums.
APAC insurers trim equity risks, increase capital efficiency: Moody's
APAC P&C insurers face different risks compared to their US counterparts.
Milton’s $50b losses won't impact rated insurers: Fitch Ratings
This will bring 2024’s total global insured losses to over $100b.
Global P&C insurance rates stabilise after hikes
Reinsurance rates globally are expected to be flat or slightly lower in 2025.
China's insurers adjust risk control amidst lower returns
P&C insurers’ underwriting margins may shrink further.
What will drive the Thai general insurance market to reach $10.9b by 2028?
Motor, the largest segment, is expected a boost from EV registrations.
Earthquake insurance uptake grows significantly in Taiwan
25 years after the Chi-Chi earthquake, TREIF has increased its event funding to $
Japanese worry most about loss of property, life
88.9% of respondents cited earthquakes as their primary concern.
Japan’s big-four insurers to raise fire insurance premiums 15%
The decision comes in the wake of failing profitability in the fire insurance market.
Thought Leadership Centre
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
