risk management
PT Tugu Reasuransi records $7m net profit in H1 2024
PT Tugu Reasuransi records $7m net profit in H1 2024
The company holds an 11% market share in Indonesia's reinsurance sector.
QBE's conservative portfolio curbs investment risk
Net profit doubled year-on-year to $806m in H1 2024.
Increased capital ratio supports Arch Indemnity's growth
Fitch expects this ratio to remain above the insurer’s internal target range.
Half of risk leaders confident in current strategy: WTW
23% of respondents said supply chain issues as a critical challenge.
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.
Construction Guarantee’s focus on public projects mitigates economic risks
CG's regulatory capital ratio improved to 225% 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.
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She examines technological changes affecting actuarial work and emerging trends that are currently shaping the insurance industry.
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For Asia’s insurers, boldness is the key to an AI-driven transformation