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- August 23 2021
Japan’s P&C market to hit US$133bn by 2025: GlobalData
Motor insurance is forecast to grow by 1.4% in 2021 against a decline of 3.6% in 2020.
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- August 23 2021
South Korea’s P&C insurers increase profits 88%
But established firms face competition from tech-savvy startups as new regulations ease barriers to entry.
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- August 20 2021
AIG’s McMurdo to join Steadfast MGA as CUO personal lines
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
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- August 20 2021
GIC Re privatisation meets ‘war-like’ opposition
Poor financial results and a near-riot in India’s parliament do not bode well.
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- August 20 2021
Asia P&C reinsurance rates rise as nat cats, pandemic bite
A combination of government initiatives, ILS, nat cats, cyber risk and FDI regulations are set to fuel the market.
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- August 19 2021
Pandemic cover needs creative solutions: Lloyd’s Asia webinar
Munich Re pandemic specialist Alexander Liu described Covid-19 as a "grey rhino" event.
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- August 19 2021
Indonesia’s life market to recover as consumer confidence rises
GlobalData report predicts GWP in the segment to hit US$13.6bn by 2024.
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- August 19 2021
APRA increases transparency around life and general insurance data
The regulator will now include class of business and product group data in its quarterly publications.
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- August 19 2021
Asia’s marine (re)insurers face ESG challenge
Retrofitting vessels to meet more stringent fuel standards creates new risk management challenges.
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- August 19 2021
Miller appoints Asia strategic development head from WTW
Industry veteran Ron Whyte to join the specialist (re)insurance broker in Singapore in September.
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- August 18 2021
Manulife Hong Kong and Macau H1 profits jump 16%
The life insurer's earnings hit US$420m for the first six months of the year on the back of strong results in its pension business.
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- August 18 2021
Reasuransi Maipark Indonesia’s underwriting ‘satisfactory’: Fitch
The national reinsurer posted an average combined ratio of 81% between 2018-20.
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- August 18 2021
PSC acquires troubled AIBS’s broking portfolio for A$24.5m
Alliance Insurance Broking Services has been accused of mishandling client funds by Australia's securities regulator.
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- August 18 2021
Sedgwick appoints Asia BD director from McLarens
Catherine Cooper joins the loss adjuster during a period of active regional expansion.
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- August 18 2021
Korean insurers face competition from fintech powerhouses: Moody’s
The digital "arms race" will Big Tech will be a credit burden for some incumbent insurers.
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- August 18 2021
Sri Lanka P&C profits doubled in 2020
Allianz was one of the biggest gainers on the island as Covid-19 subdued claims.
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- August 17 2021
Lloyd’s open to more coverholders in Asia
Hong Kong has welcomed three new coverholders in the last 12 months, according to an August 17 webinar.
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- August 17 2021
AIA sees robust first half performance across Asia
New business grew in all regional markets except Hong Kong as Covid-19 travel restrictions continue to bite.
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- August 17 2021
Asia’s M&A boom runs across the value chain
Confidence has returned to the market with the region being seen as a safe long-term bet.
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- August 17 2021
Nat Re facing adverse business conditions: Phil Ratings
Rating agency says the firm still enjoys a "unique advantage" as it is entitled to 10% of all outward reinsurance from domestic insurers.
