News Page 400 / 1349
-
- October 1 2024
Analytics: Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
-
- September 30 2024
ICNZ calls on law changes to stop building in “dumb places”
The government has outlined its plans to replace the Resource Management Act, with changes that will provide the ability to decline land use consents, or attach conditions where there are significant risks from natural hazards.
-
- September 30 2024
Tokio Marine sets US$317m decarbonisation premium target for FY 2026
The new interim target is part of the carrier's goal to achieve net zero by 2050 and is 27% higher than its previous target set for FY 2023.
-
- September 30 2024
ARPC to raise premium rates for cyclone reinsurance pool
The 2024 pricing review of the cyclone pool premium rates targets the introduction of premium discounts for strata properties and maintaining the price algorithm to rate for new addresses registered since the previous review and address insurer feedback to make the pricing algorithm more consistent with market practise.
-
- September 30 2024
Typhoon Krathon expected to make ‘rare’ direct hit on Taiwan’s western plains
The tropical storm, likely to intensify into a super typhoon, is forecast to hit the major port city of Kaohsiung early on October 2 and make its way to Japan.
-
- September 30 2024
Dual New Zealand promotes Richard Robinson to head of motor
Auckland-based Robinson has worked at the Howden-owned MGA for three years and was senior property underwriter before the latest appointment.
-
- September 30 2024
Seadrif targets Asean expansion as it ramps up advocacy to tackle bottlenecks
While it has achieved success in Laos, a significant protection gap persists in the region, highlighting the need for improved data management and government support for effective disaster risk solutions, chairman Yoshihiro Kawai tells IAN.
-
- September 30 2024
Fidelis eyes ‘BRICS+’ push with new property specialist MGA
The group's MGA platform Pine Walk has hired Kelly Sanders as CUO to found Seraphina, which will focus on international property business with a focus on the emerging markets.
-
- September 30 2024
Japan P&I Club announces major leadership reshuffle
Riki Yamamoto, Kyoko Sakamoto, Yoji Tanaka and Shigeru Yamada are all part of the organisational reshuffle following the split of the Tokyo underwriting department into Tokyo underwriting department I and Tokyo underwriting department II.
-
- September 27 2024
Sompo Japan sustains strong operating performance: AM Best
The insurer has demonstrated strong operating performance, reflected in consistent growth in premium income and a five-year average return-on-equity ratio of 8.9% for the fiscal years 2019 to 2023.
