risk management
Japanese insurers see profit surge in H1 2024, investment gains
Japanese insurers see profit surge in H1 2024, investment gains
The outlook for fiscal 2024 remains positive, said CreditSights.
Insurance sector to aid in New Zealand climate policy development
The CE said a large portion of NZ-ers live in high-risk areas.
Southsure Assurance profitability tied to revenue control: Fitch Ratings
Limited presence and exposure to possible regulatory intervention challenge its profile.
Taiping Reinsurance financials not affected by LA fires: Fitch Ratings
It also reduced its US business in recent years to limit catastrophe exposure.
Nippon Life maintains stability with strong capitalisation
Nissay’s capital position is supported by a 52% increase in absolute capital to $68b.
Fubon Insurance poised for 2024 turnaround
But the company’s capital position is unlikely to return to pre-pandemic levels.
Meiji Yasuda expected to sustain performance long-term
Last year, the company’s base profit was at $3.6b.
China's insurers to adjust investment risk controls
Big state insurers will be directed to raise both the size and proportion of their investments.
Singlife’s profits to slowly improve: Fitch Ratings
Its H1 2024 earnings rebounded from a loss in 2023.
Malaysian Re’s expansion into non-traditional segments to drive growth
The company’s operating performance was seen as “adequate”.
South Korea increases foreign exchange insurance to KRW1.4t
The government will provide $248b in policy financing to exporting companies.
AI will enhance risk assessments: FM
The insurer also shared 8 risks businesses should be aware of.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
APAC's insured only 5.4% of $74b disaster losses: Aon
APAC was also the second-largest region in terms of economic losses.
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
52% of experts bleak about future amidst misinformation, weather risks
In the long-term, experts grow worrisome about environmental risks.
India’s general sector premiums seen to rise in the medium term
The sector has also benefitted from favourable investment conditions.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness