20% of motor insurance claims in Singapore fraudulent: report
November 7 2023 by Kristina Shperlik
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Provident Insurance’s FY 2024 COR at 96.9%, operating performance supported by positive underwriting: AM Best
- December 12
AM Best has upgraded the Kiwi niche mechanical breakdown and private motor vehicle carrier's financial strength rating to “B+” (good) and long-term issuer credit rating (LT ICR) to “bbb-” (good) with a stable outlook.
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Rising personal lines prices help stabilise global P&C sector: Moody’s
- December 12
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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RAC Insurance engages Barrenjoey for strategic review: report
- December 5
The review aims to identify growth opportunities and enhance competitiveness in a changing market. This includes potential expansions into areas such as driverless cars and smart home technologies.
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Allianz Australia acquires RAA’s general business for US$415m
- December 2
Allianz will underwrite the carrier's general insurance policies excluding travel and manage product, pricing and claims while RAA will handle marketing and distribution and continue offering products and services under its brand.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
