News Page 123 / 1048
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- August 16 2024
Analytics: Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
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- August 16 2024
McGill and Partners expands Asia Pacific facultative team with two appointments
The broker has hired Sydney-based Brad Racker from Vero and named Rebecca Zacharow in London as associates in the regional fac team.
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- August 16 2024
Nat cat risk pool, parametrics can improve China’s climate resilience: Ping An Insurance
In a jointly-issued report, China's second P&C insurer has put forward a range of recommendations on how authorities can work with the sector to mitigate disaster risks.
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- August 15 2024
Indian regulator introduces new accounting standard on insurance contracts: report
The Insurance Regulatory and Development Authority of India must still issue an implementation roadmap for insurance companies to start adopting the new Ind AS 117, which converges with IFRS 17.
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- August 15 2024
ICA, Planning Institute of Australia urge governments to overhaul land use planning
In a joint communique, the two industry bodies urge state, local and the federal governments to step up reforms to tackle the country's growing housing challenges compounded by extreme weather risks.
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- August 15 2024
Sri Lanka’s insurance watchdog outlines reinsurance, risk-based capital reforms
The regulator also plans to introduce a legal framework for the sale of micro-insurance products, and issue revised guidelines on reinsurance in an attempt to improve the country's low insurance penetration rate.
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- August 15 2024
ARPC hires Cameron Hick as head of technical underwriting
Hick has over 25 years of experience in the reinsurance industry across Australia, Switzerland and Germany.
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- August 15 2024
FM appoints Sung Jun Kwon as Korea branch manager
Seoul-based Kwon joined the commerical property specialist as senior business development executive last year from Aon Korea.
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- August 15 2024
DB Insurance H1 underwriting profit improves 21.5% to US$810m
Strong growth in the non-life carrier's long-term and commercial insurance business offset the decline seen in its motor insurance in the first six months this year.
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- August 15 2024
Hyundai Insurance’s H1 2024 underwriting income up 118% to US$670m
This was largely because of good results in long-term and commercial business despite motor underwriting income down 45% in the first six months of the year.
