risk management

Climate change alters insurer risk management: S&P

Secondary perils have caused the reinsurance industry to regain capital in 5 of 6 years.

MS First Capital Insurance’s underwriting drives consistent profitability

Shareholders’ equity, which reached $900m (S$1.2b) in 2023.

Aon's new tool aids firms in cyber risk management

It aims to tackle ransomware, data breaches, business interruptions, and insider risks.

Suncorp Group's outlook challenged from higher risks, costs challenges

Despite this, SGL's prescribed capital amount coverage remains robust.

Dai-ichi Life H1 net income up 27% to $960m in H1 2024

However, premiums declined 6.3% YoY to $6.99b.

Only 20% of insurers assess tech risks fully

50% of CROs are already using early-warning KPIs to monitor risks.

APAC insurers face tighter capital buffers

Some markets are not required to hold explicit capital against the illiquidity risk of private debt investments.

Chow Tai Fook boosts CTF Life's brand in Hong Kong: Fitch Ratings

This move contributed to a market share increase to 2.7% in the first half of 2024.

Asuransi Wahana Tata’s premium retention drops to 36% in 2024

Its combined ratio increased due to higher property claims and lower net premiums earned.

CI Guarantee stands strong with solid capital buffer

The return on equity rose to 3.1% in 2023, higher than the 2021-2023 average of 2.7%. 

Yingda Taihe Property Insurance expected to keep low investment risk

It’s risk-based capitalisation was supported by increased retained earnings.

Taiwan life insurers shift focus to protection products

The accident and health insurance market grew 16% YoY in 9M 2024.

HNB Assurance expected to boost profitability

Non-life premiums increased 14% in H1 2024.

P&C insurance profits bolster ZhongAn's performance

AM Best expects ZhongAn’s to continue facing challenges from investment fluctuations.

KB Insurance stability supported by strong CSM in long-term plans

Interest income is a key driver of investment profit.