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- January 3 2023
Composite licenses regime could drive insurance M&A in India
The new rule will encourage more tie-ups in the industry, allow standardisation of policies and introduction of customer-centric strategies.
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- December 24 2022
Happy holidays from InsuranceAsia News
We wish you and your families a wonderful and safe holiday season.
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- December 24 2022
QBE Asia P&I rebrands to British Marine
The P&I office in Singapore will be rebranded from January 1, 2023.
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- December 23 2022
Vietnam Bao Minh Insurance combined ratio at 97.8%: AM Best
The firm’s claims have been supported by a lower loss ratio in motor, personal accident and health.
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- December 22 2022
ACIL seeks strata pricing reforms in Australia
Strata managers charge 40% of insurance cost as commissions and fees, seen as "outside of consumers' interest".
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- December 22 2022
RACQ challenges current cyclone pool structure
It has asked for amendments such as including all types of floods and motor in the scheme, extending the claim period and reconsidering the budge-neutral principle.
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- December 22 2022
Easing of crop cover solvency norms, lower Covid payouts to drive Indian P&C growth
Indian general insurers are likely to see a premium growth of up to 15% in the medium term, said Care Ratings.
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- December 22 2022
Korean P&C carriers to improve profitability: S&P Global
Insurers have limited catastrophe exposure, and this comes with effective reinsurance protection.
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- December 21 2022
Bernardo López named CEO of Axa Philippines
He was most recently heading Axa Colpatria, the French giant’s Colombia operations.
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- December 21 2022
Burning costs are not mandated risk rates, clarifies IRDAI
Industry breakeven cost is only a reference point to understand claims experience in fire perils across the industry, the regulator said.
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- December 21 2022
Electric carmaker Nio ramps up brokerage arm with Huiding acquisition
The firm joins peers Byd and Li Auto in expanding their broking arms with China's EV premiums expected to double to US$10bn in 2022.
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- December 20 2022
Typhoon Nanmadol losses up at US$906m: Perils
The estimates, which cover property losses excluding motor and transport-related damages, are much lower than first expected.
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- December 20 2022
Claire Wong returns to Zurich Singapore as senior casualty underwriter
Wong was most recently a liability underwriter at Allianz Global Corporate & Specialty.
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- December 20 2022
Lloyd’s syndicate Probitas 1492 underwriting Adani Carmichael project: report
The insurer is insuring Carmichael rail line, coal haulage operation and NQXT coal port.
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- December 19 2022
PE firm leading the race for Aditya Birla Insurance Brokers: report
Samara Capital is reportedly in advanced talks to buy the Indian conglomerate's broking arm for about US$123m.
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- December 19 2022
Qianhai Re on track to sustained profitability, capital efficiency: AM Best
The rating agency affirmed the reinsurer’s financial strength rating of A- (excellent) with a stable outlook.
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- December 19 2022
Fubon Vietnam underwriting performance improved despite cat losses from foreign inward business
AM Best has affirmed the B++ rating for the general insurance arm of the Taiwanese financial services group.
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- December 16 2022
Fidelidade Macau’s COR below 80% as of September 2022
Fitch assigned A- rating with a stable outlook to the Fosun owned carrier.
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- December 16 2022
Santam retains India, Malaysia operations following Sanlam-Allianz deal
The African financial services group holds a 23% stake in India's Shriram General Insurance and 49% of Malaysia's Pacific & Orient Insurance.
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- December 15 2022
China’s Dinghe Insurance to maintain strong capital and underwriting performance: Moody’s
Despite CSG's stake in Dinghe Insurance reducing to 65%, the agency expects the shareholder to continue supporting Shenzhen-based property insurer.
