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Opinion: Taiwan specialty market on edge as US presidential election rolls closer
Following the the recent presidential election debate and the sparring over regional policy, attention is once again focused on the island nation due to the potential risk of disruption posed to its semiconductor sector and supply chains.
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Super typhoon Yagi hit Vietnamese insurers with US$285m in claims payout
PVI Insurance, the largest non-life carrier, called it "a historically undesirable loss for Vietnam’s insurance industry" and for the company. The 9,000 claims filed are expected to keep rising, Ministry of Finance said.
Super typhoon Yagi hit Vietnamese insurers with US$285m in claims payout
PVI Insurance, the largest non-life carrier, called it "a historically undesirable loss for Vietnam’s insurance industry" and for the company. The 9,000 claims filed are expected to keep rising, Ministry of Finance said.
PVI Insurance, the largest non-life carrier, called it "a historically undesirable loss for Vietnam’s insurance industry" and for the company. The 9,000 claims filed are expected to keep rising, Ministry of Finance said.
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Foreign hackers hit Chung Kuo Insurance’s parent Mega Financial in cyber attack
Russian hacker group NoName057 claimed to have started a series of DDoS attacks against the financial holding company, government entities including the Ministry of Finance and the Supreme Court since Monday.
Foreign hackers hit Chung Kuo Insurance’s parent Mega Financial in cyber attack
Russian hacker group NoName057 claimed to have started a series of DDoS attacks against the financial holding company, government entities including the Ministry of Finance and the Supreme Court since Monday.
Russian hacker group NoName057 claimed to have started a series of DDoS attacks against the financial holding company, government entities including the Ministry of Finance and the Supreme Court since Monday.
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China braces for typhoon Bebinca as Yagi slaps US$11bn economic losses on Hainan: report
The country’s meteorological bureau issued a blue alert for its 13th typhoon of the year warning of heavy rain in Zhejiang, and Shanghai. This followed local media reports pointing to escalating economic losses that super typhoon Yagi caused to Hainan.
China braces for typhoon Bebinca as Yagi slaps US$11bn economic losses on Hainan: report
The country’s meteorological bureau issued a blue alert for its 13th typhoon of the year warning of heavy rain in Zhejiang, and Shanghai. This followed local media reports pointing to escalating economic losses that super typhoon Yagi caused to Hainan.
The country’s meteorological bureau issued a blue alert for its 13th typhoon of the year warning of heavy rain in Zhejiang, and Shanghai. This followed local media reports pointing to escalating economic losses that super typhoon Yagi caused to Hainan.
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Ardonagh Group appoints Mark Mitchell to spearhead units’ Asia expansion
Singapore-based Mitchell will work with Ardonagh-owned Envest and Price Forbes to explore opportunities to expand their retail and wholesale broking footprint, and develop new MGA capabilities in Asia.
Ardonagh Group appoints Mark Mitchell to spearhead units’ Asia expansion
Singapore-based Mitchell will work with Ardonagh-owned Envest and Price Forbes to explore opportunities to expand their retail and wholesale broking footprint, and develop new MGA capabilities in Asia.
Singapore-based Mitchell will work with Ardonagh-owned Envest and Price Forbes to explore opportunities to expand their retail and wholesale broking footprint, and develop new MGA capabilities in Asia.
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Typhoon Yagi likely to impact earnings of Vietnamese insurers: AM Best
The reinsurance programmes will mitigate the impact on rated non-life insurers’ underwriting performance and would likely prevent capital events.
Typhoon Yagi likely to impact earnings of Vietnamese insurers: AM Best
The reinsurance programmes will mitigate the impact on rated non-life insurers’ underwriting performance and would likely prevent capital events.
The reinsurance programmes will mitigate the impact on rated non-life insurers’ underwriting performance and would likely prevent capital events.
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Shriram Group to seek IPO and list general insurance JV in two years: report
The Indian conglomerate plans to list the Chennai-based general insurance JV with Sanlam first, followed by the life insurance arm, as their businesses grow in scale, according to the executive vice chairman of group company Shriram Finance.
Shriram Group to seek IPO and list general insurance JV in two years: report
The Indian conglomerate plans to list the Chennai-based general insurance JV with Sanlam first, followed by the life insurance arm, as their businesses grow in scale, according to the executive vice chairman of group company Shriram Finance.
The Indian conglomerate plans to list the Chennai-based general insurance JV with Sanlam first, followed by the life insurance arm, as their businesses grow in scale, according to the executive vice chairman of group company Shriram Finance.
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China State Council issues opinion on deepening insurance reforms, preventing risk
The high level document by China's cabinet calls for deeper reforms for motor insurance focusing on new energy vehicles, and innovations for liability insurance and climate risk insurance.
China State Council issues opinion on deepening insurance reforms, preventing risk
The high level document by China's cabinet calls for deeper reforms for motor insurance focusing on new energy vehicles, and innovations for liability insurance and climate risk insurance.
The high level document by China's cabinet calls for deeper reforms for motor insurance focusing on new energy vehicles, and innovations for liability insurance and climate risk insurance.
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Thai insurers brace for losses as Yagi remnants raise flood risk
Thailand’s meteorological department said more heavy rain is expected until September 18 with the risk of flash floods, as a northern monsoon trough is moving down and a southern one is gaining strength.
Thai insurers brace for losses as Yagi remnants raise flood risk
Thailand’s meteorological department said more heavy rain is expected until September 18 with the risk of flash floods, as a northern monsoon trough is moving down and a southern one is gaining strength.
Thailand’s meteorological department said more heavy rain is expected until September 18 with the risk of flash floods, as a northern monsoon trough is moving down and a southern one is gaining strength.
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Continental Insurance Lanka’s good underwriting performance to sustain: Fitch Ratings
Fitch has revised its outlook to "positive" from "stable", reflecting the company's underwriting performance, improving market franchise and satisfactory regulatory capital position.
Continental Insurance Lanka’s good underwriting performance to sustain: Fitch Ratings
Fitch has revised its outlook to "positive" from "stable", reflecting the company's underwriting performance, improving market franchise and satisfactory regulatory capital position.
Fitch has revised its outlook to "positive" from "stable", reflecting the company's underwriting performance, improving market franchise and satisfactory regulatory capital position.
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Data crucial for Asia’s renewable drive as offshore wind power gains momentum
With the region prone to nat cat risks such as earthquakes and typhoons, demand for data is rising as (re)insurers are looking to better understand the risk profiles of the growing numbers of renewable projects such as offshore wind farms.
Data crucial for Asia’s renewable drive as offshore wind power gains momentum
With the region prone to nat cat risks such as earthquakes and typhoons, demand for data is rising as (re)insurers are looking to better understand the risk profiles of the growing numbers of renewable projects such as offshore wind farms.
With the region prone to nat cat risks such as earthquakes and typhoons, demand for data is rising as (re)insurers are looking to better understand the risk profiles of the growing numbers of renewable projects such as offshore wind farms.
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Captives pivotal to development of Belt & Road green energy projects: HKIA panel
The SAR seeks to be the preferred captive domicile to manage risks from overseas renewable energy projects, participants at a Belt & Road summit moderated by the city's Insurance Authority heard.
Captives pivotal to development of Belt & Road green energy projects: HKIA panel
The SAR seeks to be the preferred captive domicile to manage risks from overseas renewable energy projects, participants at a Belt & Road summit moderated by the city's Insurance Authority heard.
The SAR seeks to be the preferred captive domicile to manage risks from overseas renewable energy projects, participants at a Belt & Road summit moderated by the city's Insurance Authority heard.
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Japan, Australia are top two APAC markets most sensitive to rise in nat cat claims: S&P
Insured annual catastrophe losses averaged US$6.6 billion in Japan, and US$2.5 billion in Australia over a ten-year period. China ranked third in Asia, at US$1.7 billion, according to the rating agency.
Japan, Australia are top two APAC markets most sensitive to rise in nat cat claims: S&P
Insured annual catastrophe losses averaged US$6.6 billion in Japan, and US$2.5 billion in Australia over a ten-year period. China ranked third in Asia, at US$1.7 billion, according to the rating agency.
Insured annual catastrophe losses averaged US$6.6 billion in Japan, and US$2.5 billion in Australia over a ten-year period. China ranked third in Asia, at US$1.7 billion, according to the rating agency.
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Low claims, growing reserves keep P&I market on steady course
Although the headline figures look strong, some of the biggest clubs have reported underwriting losses as several need to correct results, while others take a softer approach.
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Typhoon Yagi losses may drive up rates, tighten treaty terms in Vietnam
Insured losses are climbing as carriers in China, Vietnam and the Philippines count the damages after the region's strongest storm this year destroyed houses, factories, infrastructure and crops across the three countries.
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RVS Monte Carlo: Reinsurers and primary markets continue to have ‘attachment issues’
As Asian cedents, especially loss-hit players, are pushing for lower attachment points, reinsurers resist, determined to defend their hard-earned gains, note S&P Ratings analysts.
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RVS Monte Carlo: Reinsurer returns will remain attractive despite expected softening of rate – Aon
In a briefing ahead of the Monte Carlo reinsurance summit, the broker forecasts an increase in pricing competition in 2025, and that insurers will begin to see greater flexibility around capacity provision and coverages.
Spotlight
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Pacific islands cat pool PCRIC mulls expansion into private sector cover
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Blue Marble plans Asia expansion to bring insurance to the underserved
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Complex claims in Asia set to dictate future adjusting demand: Crawford’s Reichelt
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Canopius CEO highlights strong pipeline for APAC H2 growth
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HDI Global raises bet on APAC with specialty, renewable push
M&A
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Gallagher promotes John Li to APAC client director
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India’s Aditya Birla Group completes sale of insurance broking arm
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Generali’s Indian JVs to rebrand following regulatory approvals on stake sale: report
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Central Bank of India wins bid for minority stake in Generali’s Indian JVs
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AUB doubles down on UK retail expansion with Movo acquisition
ESG
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Opinion: China’s onshore oil & gas expansion throws spotlight on risks for insurers
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London seeks to offer specialist capacity for ‘high-risk exposed’ Asia renewables
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Asia carriers looking to extend renewables capacity as projects soar
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Insurers tap voluntary carbon market as Asia set to plug supply shortfall
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Singapore oil spill losses set to rise as slick hits Malaysian waters
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Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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A series of successful acquisitions has extended Rimkus’ services and expanded its global footprint.
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In this in-depth case study, we look at how bespoke liquidity portfolios that take into account the interplay between different assets can suit the needs of insurers.
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Ardonagh Group appoints Mark Mitchell to spearhead units’ Asia expansion
Singapore-based Mitchell will work with Ardonagh-owned Envest and Price Forbes to explore opportunities to expand their retail and wholesale broking footprint, and develop new MGA capabilities in Asia.
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Marsh Asia appoints Ben Usmar as vice president for construction practice
Usmar joined from Sedgwick in Hong Kong where he was an executive loss adjuster for over five years.
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Axa XL names Phil Russell as environmental risk consulting leader for APAC, Europe
With two decades of experience in sustainability; health, safety and environment for a diverse range of multinationals, Russell joined from sustainability consultancy Environmental Resources Management.
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Tokio Marine Kiln expands APAC marine team with underwriter hire
Singapore-based Stephanie Hong joins the Lloyd's player as Asia Pacific marine underwriter from Great American Insurance.
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IFFCO Tokio General Insurance elevates Subrata Mondal to managing director, CEO
The former chief underwriting officer has been with the JV between Indian Farmers Fertiliser Cooperative and Tokio Marine Group for over 23 years.
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Crawford Australia promotes Matt Donnelly to head of specialty loss adjusting
In his new role, Donnelly will expand his remit to lead the entire specialty loss adjusting portfolio and report to Australia president Jonathan Hubbard.
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Zurich names new APAC financial lines and casualty heads in two senior appointments
The insurer has appointed Robin Cooper-Driver as head of financial lines and Edward Rayfield, who joins from AIG, as head of casualty for the region.
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Sherly Oktavia joins Oneglobal as divisional director for Asia reinsurance
Oktavia, who was most recently general manager at Tugu Insurance in Hong Kong, will relocate to Singapore for her new role.
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Axa XL Hong Kong names Chloe Wang as underwriter for international financial lines
Wang has worked for Berkley Insurance Asia and Hawkes Bay Underwriting in Hong Kong before joining the specialty (re)insurer.
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Everest promotes Maureen Ung to Asia commercial director
Singapore-based Ung has been head of claims for the region since she joined the carrier in June 2024.
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Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
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Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
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Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
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Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
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Motor results shore up Korean majors’ FY23 underwriting performance
While the carriers have seen strong premium growth in the past year, their long-term and commercial businesses' underwriting returns remain under pressure and weighed on overall results.
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Singapore’s H1 P&C underwriting profits nearly double
(Re)insurers benefited from strong premium growth in engineering and credit lines and a lower claims tally, however aviation hull and cargo GWP declined, according to MAS data.
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Asian marine premiums cross US$10bn despite slowing cargo growth
Flattening economic growth in China and the strengthening dollar drive down cargo premiums from the region, while hull premiums benefit from post-Covid recovery, says IUMI.
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Chinese P&C carriers focus on agri, liability offerings in acceleration away from motor
Improved underwriting results, new products and a push from the government are driving growth, but an uncertain economic outlook has seen carriers rush to pare credit surety exposures.
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied World
Indexing Covered Calls for Insurance
Priscilla Luk, Managing Director of Global Research & Design, Asia Pacific at S&P Dow Jones Indices
Reinsurance Market Trends in Asia Pacific
Tony Gallagher, Asia Pacific CEO at Guy CarpenterIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
Flood resilience: "Mitigating and adapting to urban flooding requires a comprehensive approach that combines structural solutions along with non-structural approaches."
Sonia Rawal, Allianz Re