P&C insurance

Jefferies anticipates a quicker unwinding of equity cross-holdings.

AM Best assessed Ping An P&C to have a favourable business profile.

The insurer will also cover other incidental expenses not included in bodily injury or death indemnities.

Positive trends drive Japanese insurers towards growth, bolstered by rate revisions and strategic initiatives, a Jefferies report said.

Persistent economic climate significantly influences insurers' underwriting practices and pricing strategies.

Success in both markets relies heavily on how they’ll navigate uncertainties.

Growing phone theft incidents also contribute to market growth, as victims seek protection through coverage.

Singapore dominates the offshore insurance coverage market.

The insurer’s modest capital size presents vulnerabilities, assessed S&P Global.

Revenues climbed 6.9% for the year.

P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.

The insurer remains optimistic for the sector as it has shown strength despite the pandemic.

The team will target accounts in the financial institutions, hospitality, and life sciences, amongst others.