P&C insurance
Indonesia sees abundant reinsurance capacity from domestic, overseas insurers: Gallagher Re
Indonesia sees abundant reinsurance capacity from domestic, overseas insurers: Gallagher Re
Accounts that were free of catastrophe losses in 2023 and 2024 saw risk-adjusted rate reductions.
Losses from large fire, Typhoon Yagi hit China's proportional treaty results
Loss-free treaties benefitted from notable risk-adjusted reductions, Gallagher Re said.
Abundant reinsurance capital eases costs for ANZ property risks: Gallagher Re
Reinsurer quotations were closely aligned with fewer outliers compared to previous years.
Reinsurers set to achieve sub-90% combined ratios: Gallagher Re
The property catastrophe market saw reduced risk-adjusted pricing.
Non-life insurers told to upgrade tech to drive growth
It could help the industry ride market trends and mitigate risks.
Insurers alert to higher cyclone, flood risks in Australia
The threat of tropical cyclones remains high in northern Australia.
China sets 5-year plan for property insurance
It includes attracting int’l financial institutions to invest in China's property insurance market.
Zking P&C reduces high-risk insurance exposure
The insurer sees ROE to rise 5% end-2024.
Japan's Property Insurance to Hit $27b by 2028
However, a recovery is anticipated in 2024.
Reinsurers set for strong earnings through 2026
There is a growing appetite for tail-risk protection amidst severe NatCat events.
FM appoints new COO
Hodge joined FM in 1990.
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.
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
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%.
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