Country: Asia Pacific Page 242 / 491
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- August 26 2021
Insurance M&A in APAC falls 51% in H1 2021: Clyde & Co
While deal activity is up recently, APAC regulators can demand substantial capital increments as part of any transaction.
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- August 25 2021
HKIA report identifies US$880bn mortality protection gap
The findings translate to HK$1.9m per working adult -- around 5.7 times the average annual income.
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- August 25 2021
Peak Re sees H1 2021 GWP dip as profits rise
The Hong Kong-based reinsurer’s underwriting improved due to “portfolio adjustments” and “continued rate hardening in major markets”.
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- August 25 2021
Political violence rates face pressure as pandemic restrictions ease
SE Asia's economies have seen severe disruption amid ongoing lockdowns.
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- August 25 2021
PSC’s profits jump 22% in FY 2021
The Australian broking group says recent acquisitions and organic growth will drive FY 2022 results.
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- August 24 2021
Asia claims process needs better information sharing: Lloyd’s webinar
Newline and Beazley executives highlight areas for improvement.
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- August 24 2021
Nexus appoints Asia head of treaty reinsurance
Tan Chai Foo has joined from Malaysia's Progressive Insurance.
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- August 24 2021
Korea P&I Club’s balance sheet improves but risks remain
Rating agency report says the association bounced back to profitability in 2020 after some "unprecedented" claims in 2019.
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- August 24 2021
Australia’s hard market eases as risk appetite returns
D&O and property increases soften but cyber rates have jumped by up to 80%.
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- August 23 2021
China’s Ping An Health to see ‘robust’ growth: AM Best
The insurer's net profit increased by 47% to US$92m in 2020.
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- August 23 2021
Indonesia’s Lifepal insurtech raises US$9m in Series A round
The digital player offers over 300 policy types across motor, health, life and travel through over 50 insurers.
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- August 23 2021
Generali’s Wong to join Falcon in Hong Kong – sources
Senior casualty manager Pinky Wong is set to replace Gavin Mark at the Hong Kong insurer, the sources said.
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- August 23 2021
Japan’s P&C market to hit US$133bn by 2025: GlobalData
Motor insurance is forecast to grow by 1.4% in 2021 against a decline of 3.6% in 2020.
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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
AIG’s McMurdo to join Steadfast MGA as CUO personal lines
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
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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 20 2021
Asia P&C reinsurance rates rise as nat cats, pandemic bite
A combination of government initiatives, ILS, nat cats, cyber risk and FDI regulations are set to fuel the market.
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- August 19 2021
Pandemic cover needs creative solutions: Lloyd’s Asia webinar
Munich Re pandemic specialist Alexander Liu described Covid-19 as a "grey rhino" event.
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- August 19 2021
Indonesia’s life market to recover as consumer confidence rises
GlobalData report predicts GWP in the segment to hit US$13.6bn by 2024.
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- August 19 2021
APRA increases transparency around life and general insurance data
The regulator will now include class of business and product group data in its quarterly publications.
