Industry Segments: Agriculture Page 3 / 5
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- March 29 2022
CPIC P&C arm hits US$1bn net profit in 2021
Agriculture, liability and health lines all saw double digit GWP growth during the year.
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- March 3 2022
FMG supported by pricing strategy, investment returns: AM Best
The rural insurer had positive underwriting results in the first nine months of FY 2022.
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- March 1 2022
More government support needed for crop risk pools
Asian Development Bank official argues for market-based hybrid solutions.
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- December 31 2021
Japan’s ‘Big Three’ primed for SE Asia growth
Sompo, Tokio Marine and MS&AD have all launched a number of initiatives in Thailand, Vietnam and Singapore this year.
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- December 30 2021
China Pacific Property Insurance to get non-motor boost
Moody's report suggests agriculture could be a key source of premium growth for the P&C player.
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- November 3 2021
China’s motor reforms take a toll
P&C lines are down by 7.6% this year after the CBIRC's auto insurance revamp.
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
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- October 19 2021
Anxin Agricultural Insurance faces high geographic, product risks: Moody’s
A high geographic concentration around Shanghai offsets some of the insurer's strengths, the rating agency said.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- September 23 2021
Sompo to buy Italian crop insurer
The acquisition of ARA 1857 is expected to close in Q1 2022.
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- September 21 2021
New Zealand’s FMG appoints Suncorp exec as CEO
Adam Heath is set to start on December 20 and is replacing outgoing chief executive Chris Black.
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- September 1 2021
Harnessing tech to close APAC’s agriculture protection gap
APAC faces a significant agriculture protection gap with only around 15% of economic losses across the region insured.
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- August 16 2021
Nepal’s Himalayan General and Sagarmatha to merge: report
If the deal goes ahead it could create the country's largest insurance firm.
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- August 12 2021
Asia’s forestry rates harden as capacity squeezed
Australia saw price hikes of 100-150% after fires generated insured losses of A$300m in 2020.
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- August 10 2021
Former Lockton director sets up APAC agriculture broker
Stephane Baldanoff has established a Melbourne-headquartered start-up.
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- August 6 2021
Henan flood claims surpass US$1.74bn
The local CBIRC office says insurers have received over 500,000 claims so far.
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- July 30 2021
China’s insurers to manage Henan flood losses: AM Best
Rating agency cites portfolio diversification and state reinsurance protection as mitigating factors.
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- July 29 2021
Asia sees growing potential in agriculture (re)insurance
Asia will soon generate 50% of global agriculture premiums according to a Lloyd's webinar.
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- July 28 2021
ZYIC maintains credit rating despite Henan flooding
AM Best cautions that the full extent of claims in the province is still unknown.
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- July 20 2021
Typhoons threaten agriculture in three China provinces
Ministry of Agriculture urges insurers to settle any claims promptly amid uncertainty over landfall.
