IAG grows FY 2024 insurance profit 79% to near US$1bn
August 21 2024 by Mithun Varkey
-
Hong Kong’s Nova Insurance FY 2024 revenue up 3.6% to US$14.7m
- September 16
The broker reported robust retention ratios and added new accounts, including a public utility, listed companies and educational institutions, according to a stock exchange filing by its parent FSE Lifestyle.
-
Japanese P&C carriers 2023 underwriting profit rises 55% to US$1.2bn
- September 6
Net premium income rose to US$63.3bn as net claims paid dropped by US$370m during the financial year, according to Toa Re's 2024 annual report citing results of 29 members of the General Insurance Association of Japan.
-
Lloyd’s logs best interim results since 2007 as H1 underwriting profit up 24%
- September 5
The market’s COR improved to 83.7% from 85.2% a year ago, as its underwriting profit rose to US$4.07bn, thanks to premium growth and better investment returns.
-
Allianz APAC total business volume up 13% to US$4.8bn in H1 FY 2024
- September 5
The regional P&C business' operating profit increased by 16% to US$92m on the back of a 12% growth in total business value.
-
PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
-
Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
-
Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
-
CCi | LEG3/06: A delay analyst’s perspective on defect exclusions
Tackling contentious issues by applying the learning from the industry’s collective experience is key to improving the claims experience, writes CCi’s Steven Horne.
