risk management
4 in 5 insurers plan to increase AI investment over next year
4 in 5 insurers plan to increase AI investment over next year
36% of respondents are also prioritising efforts to build trust.
HDI Global launches Climate Consulting to assess, manage climate risks
It provides location-specific analysis of both chronic and acute physical risks.
WTW’s platform connects brokers and insurers in real-time risk trading
Liberty Specialty Markets will be an early adopter.
Sri Lanka Insurance Corporation Life maintains stable outlook, strong investment
Its investment porftolio has minimal exposure to foreign currency assets.
Mitsui Sumitomo sees profit rise with strategic divestments: Fitch Ratings
Fitch also anticipates an improvement in underwriting profitability.
KGI Life reduces risky asset exposure in 2024
Value of new business (VNB) margin expanded to 43.5% in the first half of last year.
ICICI Lombard General’s capitalisation steady in the medium term
The company is expected to enhance its underwriting risk selection.
FMG Insurance Limited's pricing strategy to boost stable operations
However, its financial flexibility is limited.
Crisis claims rise in APAC, says Willis report
21% of emergency repatriation incidents were due to political unrest last year.
Ping An Insurance partners with UK firm for advanced flood risk management
The agreement marks JBA’s first partnership in China.
Asuransi Allianz Life’s profitability to remain supported by parent: Fitch
The insurer’s profitability improved significantly in 2024.
Thailand’s non-life insurance rebound in 2023 driven by higher premiums
The market recorded an underwriting gain of THB13.0b in 2023
Thai Life Insurance maintains solid capitalisation, says Fitch
Its new business value (NBV) margin remained stable at 62%.
Muang Thai Life’s profitability set for medium-term recovery
Fitch also projects capitalisation to stay stable in 2025.
Rising litigation costs pressure casualty reinsurers on reserves
Social inflation remains a key driver of casualty loss trends, an analyst said.
Asei battles weak underwriting, high reserves in 2024: Fitch Ratings
Underwriting performance deteriorated, with combined ratio surging to 187% in ‘24.
Tokio Marine & Nichido Fire underwriting profits to improve amidst rate hikes
Fitch expects premium rate increases to continue driving better underwriting results.
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