APRA proposes US$22m in levies funding for Australia’s general insurance sector
May 29 2024 by Georgina Lee
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China’s nat cat economic losses hit US$13bn in H1 2024 as flood claims rise
- July 15
95,000 claims from the intense rain across eight southern China provinces have reached CNY3.21bn, according to NFRA's latest data.
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Asia Pacific reinsurance market finds a new equilibrium
- July 12
While the market is ‘finely balanced’ for now, its sustainability will depend on the loss activity in the remaining six months of 2024, according to reinsurance experts and analysts.
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Insurers tap voluntary carbon market as Asia set to plug supply shortfall
- July 8
With the global market projected to reach US$1trn by 2037, carriers are seeking ways to meet the growing demand for managing climate risks and consider the region crucial in bridging the carbon credit gap.
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Third loss estimate for Australia Christmas storms exceeds US$1bn: Perils
- July 1
The bulk of the loss was incurred by personal lines property losses, followed by commercial lines property and motor losses.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
