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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
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 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 16 2021
China’s crackdown on digital insurers to favour incumbents
The CBIRC's criticism of “internet insurance chaos” to benefit the segment in the longer term.
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- August 13 2021
Australia’s D&O rates to stabilise with new disclosure law
A temporary rule introduced during the pandemic has been made permanent.
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- August 11 2021
Asia’s cat bond market set for record year
More than US$1.5bn of cover provided as issuance increases 68% on 2020.
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- August 9 2021
China set to squeeze insurers’ solvency
Phase II of C-Ross is expected to cut solvency ratios by at least 10 points.
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- August 6 2021
Insurers wary as Singapore targets digital assets
MAS has licensed its first crypto exchange, but such assets are still difficult to insure.
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- August 5 2021
Asia boosts profits of international (re)insurers
First-half results show the value of diversification as regional units boast strong growth.
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- August 2 2021
Australia’s class-action exposure pushes insurers’ reserves higher
Professional indemnity and public liability lines could see adverse long-tail losses.
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- July 30 2021
Global supply chain woes to keep pressure on cargo premiums
Delays are becoming more costly but can’t be insured at affordable prices.
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- July 28 2021
China’s flood defences must be combined with insurance
Extreme flooding in Henan highlights the importance of a functioning risk transfer market.
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- July 26 2021
Asia H1 2021 nat cat losses 28% higher than 10-year average
Insured losses in Asia Pacific totalled US$5bn during January to June, up from US$3.9bn average.
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- July 23 2021
Asia’s renewable projects poised to squeeze capacity
The region is set for US$200bn of investment in wind farms over the next five years and often in nat cat prone areas.
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- July 21 2021
Digital insurers lead return to growth in India
Figures for H1 2021 show an uptick of 14% compared to last year.
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- July 19 2021
SE Asia supply chains face delta variant disruption
Standalone pandemic coverage and parametric triggers seen as possible de-risk solutions.
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- July 16 2021
Asia’s non-life sales pass US$100 per person for first time
General insurance density in the region (ex-Japan) also rose almost 10% in 2020.
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- July 14 2021
Asia’s aviation risk rises as airlines hustle for business
Higher accident rates a concern as airlines add 500 new routes across the region.
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- July 12 2021
Asia P&C (re)insurers see market cap rebound
Top 20 listed APAC (re)insurers valued at US$155 billion by mid-2021 — a 15% increase from a year ago.
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- July 9 2021
Australia’s insurers retain more risk as rates rise
Despite steep rises on loss-affected lines, reinsurance wordings and conditions are largely unchanged.
