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1.1 renewals challenging but there’s ‘hope on the horizon’: GC’s David Priebe
With many global reinsurers underweight in Asia, there's an opportunity to encourage them to take on more regional risk.
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1.1 renewals challenging but there’s ‘hope on the horizon’: GC’s David Priebe
With many global reinsurers underweight in Asia, there's an opportunity to encourage them to take on more regional risk.
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Covid restrictions help Lonpac improve COR: AM Best
The general insurer posted a 5-year average combined ratio of 66.1%.
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Etiqa’s 5-year average COR at a ‘strong’ 87%: AM Best
The Malaysian general insurer's performance is driven by low net losses in core lines and strong reinsurance commission income.
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SiriusPoint hires Rob Gibbs to lead international business
The former RSA UK managing director will be based in London and will replace Monica Cramér Manhem, who is set to retire.
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CBIRC to start on-site inspections and tighten oversight of fund use by insurers
Average solvency ratio of property insurance companies and reinsurance were adequate at 238.9% and 309.1%, respectively, according to the regulator.
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October Australian flood damage bill at US$533m: Perils
La Nina conditions that triggered these floods are forecast to extend into their third consecutive year in 2023.
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Asean insurers setting strict targets for green transition
Many regional players still fall short to support the Paris Agreement targets due to institutional barriers and weak financing.
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Zking P&C’s outlook stable on state support and improved underwriting results: Fitch
Zking reported a combined ratio of 96% for the nine months that ended September 2022.
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Coherent promotes Helen Attenborough to Australia and NZ CEO
The COO retains her current role and relocates to the insurtech’s new Sydney base.
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Opinion : Why blockchain failed to transform Asia’s (re)insurance sector
The revolution may yet come for areas such as ILS. It will take time and look very different to originally imagined.
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Chubb acquisition positive for Huatai P&C: Fitch
Chubb has been handed regulatory approval to acquire 83.2% of the business.
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Korean Re’s partial coal exit faces backlash
The reinsurer told IAN that it 'acknowledges the declaration may fall short' but 'will make the best efforts to improve decarbonisation policies and achieve net-zero by 2050'.
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Hong Kong’s John Lee unveils insurance roadmap, hails ‘promising start’ for ILS
Chief executive wants market to share product ideas, as the financial secretary targets 'free flow of information, capital and talent' in the GBA.
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Allianz seeks to grow Asian P&C mid-market presence
Eyes expansion in the segment where it is underweight through investments in people and capabilities.
Asia's evolving insurance landscape
Gilles Fromageot, AXA XL-
Allianz’s Climate Risk Lead Bastian Manz explains how its solutions help provide forward-looking insights to deal with the impact of climate change.
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Underwriter Victoria Soo and Senior Risk Analyst Daryl Soh on how credit insurance helps finance infrastructure projects and other ESG investments.
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Tim Collier, Regional Head of Claims at Berkshire Hathaway Specialty Insurance (BHSI), on best practices for managing, servicing and resolving claims.
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Windstorms and tropical cyclones pose a significant threat around the globe. How can corporates be better prepared for a storm?
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APAC to drive non-life GWP growth and profitability until 2024
East Asia will perform particularly well despite worsening macroeconomic challenges, says Swiss Re economist.
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APAC nat cat damage 43% below average for H1
Flooding in Australia/China and an earthquake in Japan accounted for nearly half of these losses.
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Asian cat losses up 145% since 2017
Models show that (re)insurers should expect even higher losses as exposures rise, according to data provider Verisk.
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Asia marine premium growth offset by higher claims
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
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Asia P&C claims continue to outpace price rises
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
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Inflation and climate change ramp up pressure on APAC reinsurers
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
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SiriusPoint hires Rob Gibbs to lead international business
The former RSA UK managing director will be based in London and will replace Monica Cramér Manhem, who is set to retire.
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Coherent promotes Helen Attenborough to Australia and NZ CEO
The COO retains her current role and relocates to the insurtech’s new Sydney base.
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AGCS appoints Asia financial lines claims manager
Fiona Tom, who has previously worked at Aon, has relocated from Sydney to Singapore for the role.
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Suncorp New Zealand hires Tower underwriting head
Nicholas Meister has joined the Australian insurer's arm as executive manager for broker business and channel partnerships.
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WTW names William Miller as head of APAC for new crisis management unit
The broker is merging its special contingency risk and terrorism and political violence teams from January 1.
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Pandamatics hires senior underwriter in Hong Kong: sources
IAN understands the underwriter, who joins from Swiss Re Corporate Solutions, will start in January.
Tracking Asia’s volatile marine market
Jonathan Holmes, AXA XL