Industry Segments: Non-life Page 12 / 14
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- June 8 2021
CBA close to selling domestic P&C business–report
AFR report says IAG and Allianz are the frontrunners in the bidding for CommInsure.
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- June 4 2021
India shrugs off pandemic growth pains
Non-life premiums rose 22% in April despite a devastating second wave of Covid cases.
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- June 2 2021
Japan’s P&C players struggled overseas in last financial year
Profit drops at 'Big Three' related to Covid-19 and credit insurance, according to Moody's.
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- June 2 2021
Japan’s global majors face heightened supervision
FSA to up scrutiny of MS&AD, Sompo and Tokio Marine's overseas units.
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- June 1 2021
Hong Kong’s non-life underwriting profit up 55.6% in Q1
Regulator data shows GWP for non-life insurance remained flat at US$2.36bn.
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- May 26 2021
Macau insurers brace for losing streak
Non-life premiums in Macau fell for the first time in a decade in 2020.
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- May 3 2021
South Korea’s insurers feel the Covid pinch overseas
Non-life operations in China, Indonesia and Vietnam the main international focus of local players.
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- March 26 2021
South Korea insurers’ profit spike to face 2021 headwinds
Regulator reveals 14% increase for 2020 but expert predicts claims jump as Covid-19 restrictions are relaxed.
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- March 22 2021
Fairfax Asia makes take private bid for Singapore Re
The reinsurer focuses on property, liability, accident and marine lines and is valued at US$155m.
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- February 26 2021
Malaysia’s general market fell by 3.6% in H1 2020
Malaysia Re report notes that motor insurance, which represents 47% of the market, saw the worst decline.
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- November 10 2020
Asia’s property GWP to grow US$14bn by 2023: GlobalData
The sector is set to rebound from a tepid 2020.
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- October 21 2020
“Have a plan” for response to BI test case: ASIC
Australia's P&C insurers and Lloyd's coverholders need to coordinate action and communication.
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- September 10 2020
Shinhan’s capitalisation could “weaken” if it pursues M&A: S&P
Several of Korea's financial majors could be looking at buying Axa Korea.
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- August 21 2020
Axa eyes South Korea P&C sell off: report
Any potential sale could raise between US$135m and US$203m.
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- July 29 2020
Hong Kong market growth to stall from Covid impact
Authorities push cross-border initiatives to bolster new business.
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- July 20 2020
Chinese insurers record healthy H1 premium growth
Life and P&C players are experiencing a solid uptick in sales compared with 2019.
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- July 16 2020
Korean insurers under heightened FSS scrutiny
Both non-life and life players have been targeted by the financial regulators.
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- July 10 2020
Japan’s majors to hike rates after paying out billions
Several years of major nat cats means price rises for fire insurance next year.
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- June 22 2020
HK Insurance Authority extends tenure of senior execs
Executive directors Hui and Lam sign for another three years, while two directors exit.
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- June 11 2020
Sompo has smaller Covid-19 exposure than major peers: Fitch
Rival Tokio Marine is expecting over US$280m of losses alone.
