Country: Asia Pacific Page 224 / 492
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- December 30 2021
China Pacific Property Insurance to get non-motor boost
Moody's report suggests agriculture could be a key source of premium growth for the P&C player.
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- December 29 2021
Malaysia’s insurers face US$715m flood bill
The country's P&C players have also created a relief fund for motorists in the wake of Super Typhoon Rai.
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- December 29 2021
CBIRC: 2020 Covid claims totaled US$77m
Covid-related claims accounted for less the 1% of total industry pay-outs in 2020.
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- December 29 2021
Australia’s insurers set for improved 2022
General insurers down under saw underwriting profits jump 163% in the first nine months of 2021.
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- December 28 2021
Tokio Marine sees NPW rise as rates harden
Domestic NPW at Japan's largest P&C player increased by 3.2% in H1 2021 while overseas premiums increased by 8.9%.
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- December 28 2021
Hong Kong’s ICB ups jurisdiction limit
The increase to US$150,000 will come into effect from January 1, 2022.
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- December 28 2021
Sompo Japan’s overseas premium rates to increase in 2022: Moody’s
Sompo saw 26% increase of overseas premium in the first half of 2021.
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- December 28 2021
APAC Broker M&A 2021 review
The last year saw a host of regional deals both large and small across insurance and reinsurance.
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- December 24 2021
Lloyd’s Asia launches renewable energy consortium
Chaucer, Markel and Munich Re Syndicate developed the new offering that will have a maximum capacity of US$100m per project.
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- December 24 2021
Korea’s FSC flags health, IFRS 17 as 2022 insurance priorities
The regulator has also introduced measures this year that allow insurers to expand their digital offerings.
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- December 23 2021
Marsh takes majority control of India JV
The broker has increased its stake from 49% to 92% following similar moves by Aon, Gallagher and WTW.
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- December 23 2021
Marsh Specialty appoints HK-based aviation risk leader
Rick Howell will join the global broker in January from Cathay Pacific.
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- December 23 2021
Asia ILS posts record year
2021 saw more deals, more capital raised and more domiciles than ever before.
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- December 22 2021
HKIA fines broker and suspends licence
A HKIA spokesperson tells IAN the regulator plans to focus on misconduct going forward.
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- December 22 2021
NZ extreme weather claims hit record high
Insurers have paid out US$206m in 2021 so far with home and contents accounting for around two-thirds of the total.
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- December 22 2021
Guoren P&C’s reduced motor exposure to boost performance
Fitch tells IAN the insurer’s auto business was much lower than the industry average of 54%.
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- December 22 2021
Munich Re, WTW’s sovereign debt ‘cat wrapper’ a model for SE Asia
The demand for similar style debt protection in the region is likely to grow.
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- December 21 2021
New motor regime to impact CPPIC profits: Moody’s
The insurer also faces competition in the A&H market as well as volatility in its growing agricultural line.
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- December 21 2021
FWD formally abandons US listing
The insurer is eyeing an IPO in its home city of Hong Kong amid ongoing tension between Beijing and Washington.
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- December 21 2021
Philippine regulator urges insurers to fast-track Typhoon Rai claims
Insurance Commission head Dennis Funa says there has been widespread damage from landslides and flooding.
