IAG’s H1 2023 combined ratio increases to 93.7%
February 13 2023 by Mithun Varkey
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PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
- March 28
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
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China Pacific Insurance’s P&C underwriting profit falls 35.5% to US$372m in FY24
- March 27
Underwriting COR deteriorated by 0.9 percentage points to 98.6% due to a loss ratio that worsened to 70.8%.
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South Korea’s P&C insurers’ net income up 3.1% to US$5.8bn in 2024
- March 25
Insurance income marginally down by 1% to US$5.6bn due to higher loss ratios for motor insurance, according to preliminary statistics from the Financial Supervisory Service.
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Taiping Re’s FY24 service results double to US$75m, COR improves to 92.7%
- March 25
Hong Kong-based reinsurer’s total premium for the last financial year decreased by 5.1% to US$2bn.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
