Country: Asia Pacific Page 236 / 492
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 6 2021
Mega Insurance posts ‘satisfactory’ underwriting performance: Fitch
The insurer has slashed its credit insurance portfolio -- which has resulted in outsized losses for Indonesia's P&C players.
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- October 6 2021
Swiss Re weighs investment in Paytm Insurance: report
The digital payments firm is reportedly looking to formalise its insurance operations as it eyes an acquisition of Raheja QBE.
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- October 6 2021
Hong Kong insurance density hits new record
Premiums in the city reached HK$78k per person despite 5.5% economic contraction.
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- October 5 2021
China Development Financial to buy 100% of Taiwan’s China Life Insurance
The transaction is expected to close by the end of 2021 following regulatory approval.
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- October 5 2021
Ping An looks to sell New Founder Group’s life insurance arm: report
The insurer acquired its stake in the business arm of Peking University after the latter ran into financial difficulty.
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- October 5 2021
Japan’s SMEs see rise in corporate risks: GIAJ
General Insurance Association of Japan survey highlights a low level of consciousness among small-and-medium-sized enterprises.
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- October 5 2021
China Re fires starting gun on Hong Kong ILS
The reinsurer is seeking retrocession cover for typhoon-related risk in the Greater Bay Area.
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- October 4 2021
RGA’s premium growth gets Asia boost: AM Best
Higher mortality rates due to Covid-19 have put the global life reinsurer under pressure over the last 18 months.
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- October 4 2021
Charles Taylor appoints four managers in Australia
Glyn Lloyd, Gary Pahl, Gary Wilmot and Debra Kerr have all joined the loss adjuster down under.
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- October 4 2021
Hong Kong regulators target premium financing
A joint Insurance Authority and Monetary Authority study calls for improvement around risk disclosure.
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- October 4 2021
Malaysia insurers resilient despite economic uncertainty
Central bank report adds that the financial services industry needs to embrace digitalisation.
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- October 4 2021
Covéa strikes out for third time with XL Re bid
The ambitious reinsurance deal would have given the French mutual a significant Asia presence.
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- October 4 2021
Tokio Marine backs out of thermal coal mining projects
Japan's top three P&C insurers had already stopped underwriting new coal power projects.
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- October 1 2021
Reinsurers not misreading climate risk threat, says GIC Re
Report says the reinsurance industry may have underestimated its exposure to severe weather events.
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- September 30 2021
India to list state-owned export credit insurer in 2022
New Delhi earmarks INR44bn cash injection over five years to increase ECGC's underwriting capacity.
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- September 30 2021
Australia’s insurers ready for ‘sweeping changes’, ICA says
A plethora of wide-ranging reforms come online on October 1 following the Royal Commission's 2019 report.
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- September 30 2021
HKIA says local market showing ‘signs of recovery’
Insurance Authority chair Moses Cheng says Hong Kong can be a "super connector" for international investment.
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- September 30 2021
Asia’s insurers face fluid M&A landscape
A series of smaller deals may be more effective than pursuing a single transformative transaction.
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- September 29 2021
Evergrande’s 50% stake in life arm could fetch US$600m — report
Bloomberg analyst warns that over US$2bn is needed to improve Evergrande Life Assurance's solvency ratio beyond 200%.
