Hong Kong P&C underwriting profit plunges 56% in first nine months of 2023: HKIA
November 30 2023 by Georgina Lee
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Myanmar’s protection gap exposed as 7.7-magnitude earthquake death toll tops 1,600
- March 31
The financial burden from the damage to buildings, airports, roads and bridges, is likely to fall on businesses and the government as insurance penetration in the country remains very low.
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Mitsui Sumitomo agrees to acquire 15% in WR Berkley for about US$3.8bn
- March 28
Japanese insurer will buy the shares through open market purchases or private transactions with third parties and expects to complete the acquisition by March 2026.
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PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
- March 28
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
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China Pacific Insurance’s P&C underwriting profit falls 35.5% to US$372m in FY24
- March 27
Underwriting COR deteriorated by 0.9 percentage points to 98.6% due to a loss ratio that worsened to 70.8%.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
