P&C insurance
China sets 5-year plan for property insurance
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%.
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.
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