Industry Segments: Data Page 1 / 5
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- February 5 2024
Taiwan non-life sector returns to profitability in 2023
Pre-tax profit for the non-life sector totalled US$557m as the drag from Covid-19 related losses eased.
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- November 17 2023
Unwillingness to deploy capacity comes from too many surprises in the covers: Allianz Re’s Steimen
The (re)insurance industry needs to make sure that it understands the risks via the use of models and has to invest more into better data as economic growth in Asia keeps driving losses up.
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- November 8 2023
Clarion call for more granular data to address accumulation risk in Asean, South Asia
Aggregation of data lags behind growing risks in the region as manufacturing shifts to fast-growing economies like India and Vietnam.
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- October 27 2023
Perils increases south-east Australia flood loss estimate to US$613m
The October event mainly impacted Victoria and NSW with property losses contributing 91% of the loss, while 9% were motor losses.
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- October 11 2023
Extreme events in Greater China could lead to US$4.6tn economic losses over five years: Lloyd’s
This is the largest financial impact, closely followed by Asia Pacific with the losses worth US$4.5 trillion, says new Lloyd's systemic risk scenario that models food and water shocks.
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- September 28 2023
Analytics: Singapore’s H1 P&C underwriting profits nearly double
(Re)insurers benefited from strong premium growth in engineering and credit lines and a lower claims tally, however aviation hull and cargo GWP declined, according to MAS data.
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- September 19 2023
AIG makes Matthew Pereira head of commercial property, Hong Kong, Macau and Taiwan
Pereira had joined AIG as a data analyst in London and has gained experience in underwriting, primarily property-related portfolio and nat cat risks.
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- September 13 2023
Australia’s carriers brace for bushfire losses fueled by El Niño
For the first time since 2019, Australia’s eastern states face heightened risks due to high temperatures, ample vegetation and a rapidly desiccating landscape, say risk modellers.
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- September 11 2023
Hong Kong tech hub receives ransom demands after data breach: reports
Hackers are demanding around US$300,000 to return the data taken from startups in Cyberport, which also incubates several insurtechs.
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- August 31 2023
Hong Kong P&C overall underwriting profits dive 43% in H1 2023
Direct insurance business saw a 60% decline in underwriting results, while reinsurance inward business saw a 2.5% decline year-on-year.
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- May 31 2023
Hong Kong P&C underwriting profit tumbles 52% in Q1 2023: HKIA
General insurance gross premiums grew 7% year-on-year driven by a 12.7% growth in reinsurance business.
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- April 24 2023
Australia’s Optus hit with class action over cybersecurity breach
The Singapore-owned telecoms giant said it is reviewing the court documents with its lawyers and will vigorously defend the proceedings.
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- November 14 2022
Data shortfalls could harm Asian cedents during renewals
An increase in nat cats means that data pooling and quality is set to become important during negotiations.
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- November 10 2022
China policy push spurs demand for cyber cover
A data privacy law and a new draft cybersecurity insurance framework should help the domestic market.
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- July 26 2022
Inflation fears fuel interest in digital analytics for pricing
AGCS and other insurers in Asia are turning to digital tools to improve methodologies in turbulent times.
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- June 23 2022
Insurers seek profit and scale in lower-premium products
Capturing data is key to breaking Asia’s under-insurance cycle.
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- June 7 2022
Gallagher Re strengthens APAC with raft of senior hires
The wider Asia Pacific region continues to be a significant growth area for the global broker.
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- May 23 2022
Asian firms reach for cyber analytics tools as hard market makes cover more costly
With rising rates optimising insurance cover is essential.
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- May 20 2022
Beijing Nova Insurance signs deal with Towngas
The firm is an associate of Hong Kong broker Nova Insurance.
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- April 27 2022
Singapore regulator calls on (re)insurers to improve BI policies
Director Gillian Tan believes insurers are well-placed to improve cover, but data is key.
