Industry Segments: Non-life Page 1 / 6
- March 30 2023
Generali sees senior management changes in Asia
The insurer's regional head of health has accepted a new regional role, while the head of APAC M&A and HR leader have left the company.
- March 14 2023
Government may inject funds into 3 Indian state-owned general insurers: report
United India Insurance, Oriental Insurance and National Insurance are facing a US$485m shortfall in capital to meet solvency requirements.
- March 13 2023
Seoul Credit Insurance to kick off pre-IPO roadshows in Hong Kong, Singapore
The Korea Deposit Insurance Corporation-owned insurer has reported a profit of US$433m in FY 2022.
- February 10 2023
East Asian insurance markets may have ‘bottomed out’
Carriers in Japan, China and Korea are on a recovery path, however, nat cats, new solvency regimes, and inflation are key challenges.
- January 9 2023
FY 2023 India non-life premiums touch US$22bn
Premiums grew for both private and state-owned insurers with the latter losing market share in the first nine months.
- January 9 2023
LIC India may enter non-life market: report
Recent regulator's proposal to issue composite licenses may drive general insurance move.
- December 6 2022
China non-life carriers to see steady premium growth, sound solvency buffer: Fitch
Non-motor to be the growth driver due to regulatory initiatives and low market penetration.
- December 5 2022
Allianz seeks to grow Asian P&C mid-market presence
Eyes expansion in the segment where it is underweight through investments in people and capabilities.
- November 25 2022
APAC to drive non-life GWP growth and profitability until 2024
East Asia will perform particularly well despite worsening macroeconomic challenges, says Swiss Re economist.
- November 22 2022
Hanwha General’s performance helps outlook improve to ‘stable’: Moody’s
Lower claims on motor and long-term medical insurance have helped the Korean firm.
- November 1 2022
Vietnam’s non-life market saw 14% growth in H1 2022
The market has promising signs in the context of a favourable economic outlook, says AM Best.
- September 12 2022
Asia P&C claims continue to outpace price rises
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
- August 25 2022
AM Best revises Covid-hit Taiwan non-life sector outlook to negative
Gross pandemic policy claims of US$2bn over the last six months have left carriers struggling to pay out.
- June 14 2022
Positive winds carry Japan’s P&C majors into Q2
Sompo, Tokio Marine and MS&AD to benefit from fewer claims and higher premiums, if the weather holds.
- June 8 2022
China launches insurance scheme to boost vaccine take-up
The scheme pays out up to US$75,000 in the event of illness.
- May 20 2022
South Korea’s non-life players see underwriting profit boost
Net profits rose by 72% in 2021 to a record-high of US$3bn in 2021, according to AM Best.
- May 2 2022
Strong headwinds for India’s non-life sector: AM Best
Rating agency maintains negative outlook but says there is significant long-term growth potential.
- February 9 2022
Indonesia struggles to shake pandemic effect
Non-life premiums registered zero growth in 2021 after a weak end to the year.
- February 3 2022
Taiwan non-life profits up 33%
Demand for health insurance drove strongest premium growth in more than a decade.
- January 26 2022
Indian non-life insurers grew 12.2% in 2021
Health insurance made up 33% of the non-life market last year, surpassing motor for the first time.