Industry Segments: Non-life Page 10 / 14
-
- January 12 2022
Vietnam premium growth slows in 2021
Surging Covid cases during the second half of the year weighed on the non-life market yet again.
-
- January 3 2022
What to expect in 2022
Inflation, climate, cyber, supply chains and digital disruption will remain atop of insurers' to-do lists in the year ahead.
-
- December 2 2021
McLarens expands Asia team with senior appointments
The loss adjuster appoints Kevin Yu and Yee-Su Tsai to lead operations in China and Taiwan.
-
- December 2 2021
GIC Re takes premium hit amid ‘bottom-line’ focus
The reinsurer tells IAN classes with higher claims are being avoided as health and marine business drops.
-
- November 18 2021
KB Insurance’s underwriting boosted by fewer claims: AM Best
The firm is South Korea’s fourth-largest non-life insurer with a market share of around 13%.
-
- November 17 2021
China, India and Indonesia to see non-life headwinds: AM Best
The rating agency said in a SIRC briefing that Covid-19 and low interest rates are common causes.
-
- November 16 2021
Health, personal accident drive Vietnam’s non-life market: AM Best
Intense competition and poor pricing conditions have prompted some insurers to reassess their motor business.
-
- November 11 2021
India attracts global broking giants
Aon, Gallagher and WTW are securing full control of their JVs in a fast growing market.
-
- October 19 2021
Hong Kong digital insurer Avo raises HK$260m
The digital insurer recorded gross written premiums of HK$1m in 2020.
-
- October 19 2021
Thailand’s insurers ‘wake up’ to digital amid muted growth
Local expert tells IAN the industry needs to embrace change post-pandemic.
-
- October 8 2021
Luen Fung Hang Insurance remains Macau’s second largest non-life player
The company’s net combined ratio improved to 61% from 67% in 2020 according to AM Best.
-
- October 6 2021
Hong Kong insurance density hits new record
Premiums in the city reached HK$78k per person despite 5.5% economic contraction.
-
- September 29 2021
HDI Global appoints Asean claims head
Singapore-based Raymond Ong joins the industrial lines insurer from Willis Towers Watson.
-
- September 28 2021
MS Amlin acquisitions doubles MS&AD’s overseas business
The (re)insurer posted a US$380m underwriting loss due to Covid-related BI and event cancellation claims.
-
- September 24 2021
Indonesia’s non-life market downgraded to ‘negative’
AM Best sees a rocky road ahead for P&C players amid a "weaker-than-expected" recovery from the Covid-19 pandemic.
-
- September 7 2021
Korea’s P&C space to see accelerated digital transformation: Fitch
Carrot General Insurance recently rolled out a pay-per-mile plan for electric vehicles.
-
- September 2 2021
South Korea’s P&C profits under pressure as social distancing eases
Non-life income has increased by 47.5% in H1 2021 but higher loss ratios are forecast.
-
- August 31 2021
Hong Kong’s H1 GWP falls 2.2% to US$39.5bn
HKIA says general insurance underwriting profits improved from US$80m to US$102m in the first half of the year.
-
- August 31 2021
Philippines premiums up double-digits in Q1: report
Life market as well as engineering, casualty and health premiums showed significant growth.
-
- August 30 2021
Macau Insurance sees ‘positive’ 2020 results: AM Best
The non-life player's performance was driven by a better net loss ratio in its medical and motor business lines.
