Reinsurance
FuSure Reinsurance’s risk-adjusted capital to stay solid until 2027
From 2024 to 2027, it targets double-digit growth in gross written premiums.
FuSure Reinsurance’s risk-adjusted capital to stay solid until 2027
From 2024 to 2027, it targets double-digit growth in gross written premiums.
Reinsurance risks increase at Tokio Marine Indonesia
As a small non-life insurer in Indonesia, TMI holds a 2.1% market share.
BMS Re boosts MGA business with six new hires
It said it boosts its ProLink Solutions personnel by 40%.
GIC Re witnesses premium income fall in 9M’23
Its premium income fell to INR28,458.1 crore.
Munich Re projects $2b net profit in Q1’24
It forecasts a net profit of €5b for the year, 9% higher than 2023.
Malaysian Re inks deal with Chinese firms on cancer treatment
It hopes to improve products under health and medical.
Allianz Partners establishes presence in GIFT City
It is the first foreign reinsurer to operate in the area.
Canopius reels in new CEO for APAC, MENA
Soon Keen Lee is expected to join Canopius before the end of Q2’24.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
Australia’s Christmas storms cause AU$1.5b industry loss
The storm brought hail sizes of up to 10cm.
Swiss Re welcomes new CEO, Mumenthaler steps down after 8 years
His role as CEO will be effective 1 July.
Property catastrophe reinsurance sees ‘strong’ appetite on higher returns
At $670b, total global reinsurance capital is now close to the 2021 peak levels.
Reinsurers adopt risk-on strategy, boost capacity – Gallagher Re
Japanese catastrophe excess of loss programs showed consistent quoting.
Hanoi Re faces elevated expense ratio challenges – AM Best
As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.
Lloyd’s sees 11.6% gross written premiums surge in 2023
Its overall profit before tax stood at $13.5b.
Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re
Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth
Korean Re faces downgrade risk amid shifting market dynamics
S&P hints at better assessments if Korean Re sustains strong performance and market leadership.
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
![Humans need to be in insurance’s genAI loop]()
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.
