Asia’s top P&C insurers grew non-life books by 3.7% in 2021 despite Covid headwindsApril 25 2022 by Nick Ferguson
- August 18
Average combined ratios have remained above 100% for the last four years, says AM Best.
- July 27
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
- June 15
Damages in 2022 are just US$4.5bn, with losses from storms at their lowest in 20 years.
- March 24
Onshore premiums reached US$2.4bn as the market showed a strong recovery.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.