IAG’s FY underwriting profit falls A$292m after nat cat miss
August 21 2023 by Andrew Tjaardstra
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IAG’s H1 FY25 underwriting profit up 125% to US$458m, COR improves to 85.2%
- February 13
Australian insurer’s GWP grew 6% to US$5.3bn driven by strong renewal rates for direct channels in Australia and New Zealand reflecting moderating premium increases and claims inflation.
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Samsung Fire & Marine FY24 insurance profit down 6% at US$1.3bn
- February 12
South Korean carrier's motor insurance COR deteriorated to 98.3% in FY 24 from 96.6% last year, while the P&C business' loss ratio for the period worsened to 64.4% from 61% in FY23.
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Suncorp’s H1 FY25 insurance service result up 134% at US$582m
- February 12
Australian insurer's general underwriting performance helped by favourable natural hazard experience and reserve releases.
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Who pays for climate change adaptation is the elephant in the room, says Tower chairman
- February 11
Kiwi insurer's Q1 FY25 GWP rose by 6% to US$87.5m on strong volume growth as rating increases flattened on average.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
