Claims dent profits at HK insurersMarch 16 2022 by Nick Ferguson
- September 22
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
- September 12
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
- September 2
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
- August 18
Average combined ratios have remained above 100% for the last four years, says AM Best.
Pre-catastrophe agreements among (re)insurers and loss adjusters are crucial to dealing with claims.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.