Asian insurance pricing moderates across lines but Japan, Taiwan, Philippines buck the trend: Marsh
May 6 2024 by Kristina Shperlik- Pricing
- Casualty
- Cyber
- Financial Lines
- Property
- Asia
- China
- Hong Kong
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Marsh
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QBE forecasts 93.5% group COR for FY2024
- May 13
The Australian carrier reported a group-wide renewal rate increase of 7.3% in the first quarter this year, while its net cat cost was US$200m for the first four months
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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.
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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.
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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.
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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.
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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.
