Mixed picture for Asia’s P&C markets in Q2 as overall composite pricing flattens: Marsh
August 3 2023 by Andrew Tjaardstra- Pricing
- P&C
- Asia
- China
- Hong Kong
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
-
Asian insurers bracing for a soft market cycle as competition revs up
- May 8
Increasing capacity and a relatively benign cat loss environment are driving down primary market rates across business lines and markets in the region.
-
Asian insurance pricing moderates across lines but Japan, Taiwan, Philippines buck the trend: Marsh
- May 6
Japan was the only Asian country that saw price increases in all lines of business, other cat-exposed markets like Taiwan, Philippines and Indonesia saw strong hikes in property classes but saw varying trends in other lines.
-
Insurers’ switch to risk-based pricing makes insurance unaffordable: RBNZ
- April 30
Climate change and rising reinsurance costs are prompting more insurers to switch to a risk-based pricing approach, but the Reserve Bank of New Zealand warns that this is also making property insurance unaffordable and leave customer underinsured.
-
Sure raises Northern Queensland residential strata cover to AU$20m to improve access
- April 12
The move is expected to allow body corporates and lot owners who have been challenged by affordability or under-insuring their complexes to access "alternative strata premium offerings", the insurer said.
-
WTW | Building resilience against emerging risks in Asian realty sector
WTW’s Ben MacCarthy, head of real estate, hospitality & leisure, Asia, and Jennifer Tiang, cyber leader, Asia, discuss the real estate industry’s sectoral risk landscape and the emerging role of proptech.
-
FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.