Industry Segments: P&C Page 42 / 57
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- March 28 2022
South Korea non-life net profits increased 65.2% in 2021
As profits hit US$3.53bn, premiums climbed a more modest 2%.
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- March 24 2022
Singapore posts 8% P&C premium growth in 2021
Onshore premiums reached US$2.4bn as the market showed a strong recovery.
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- March 22 2022
Generali appoints new general manager for Hong Kong
Davide Glavina will cover both P&C and life operations.
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- March 18 2022
Ping An profits down after ‘complex and difficult’ year
Overall net profits fell 29% but P&C GWP growth picked up 8.7% in Q4 2021.
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- March 17 2022
Generali grows APAC P&C book by 16.3%
The Italian giant is expanding in India and Malaysia.
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- March 17 2022
Vietnam GI market to reach US$3.5bn in 2026: GlobalData
The South-East Asian economy is set to see increasing amounts of cumpulsory insurance.
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- March 14 2022
Swiss Re Corporate Solutions appoints Greater China CEO
An experienced AIG exec will take on the role in April from Shanghai.
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- March 10 2022
IAG ups FY nat cat estimate to US$800m
The group has received 24,000 recent flood claims and says that it has 'all hands on deck'.
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- March 10 2022
Hong Kong GI GWP to reach US$10.1bn in 2026: GlobalData
Market projected to grow 6.6% annually, as demand ticks up for liability cover such as cyber and D&O.
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- March 10 2022
Ukraine conflict to have ‘modest’ impact on APAC insurers: S&P
The war is unlikely to impact a largely domestic-facing market, but there are significant risks.
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- March 8 2022
PICC Hong Kong gains Macau licence approval
The move comes close on the heels of Lockton's decision to set up in the enclave.
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- March 7 2022
AIA and BEA form GI partnership off back of Blue Cross sale
AIA will provide insurance solutions, including health insurance, to BEA’s customers in Hong Kong.
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- March 2 2022
China P&C grew just 1% in 2021
Covid, motor reforms and a property crisis combined to create worst ever year for sector.
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- February 24 2022
Tugu Hong Kong CEO departs
Kenny Pang had joined the P&C player last year.
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- February 23 2022
Allianz grows APAC P&C profit 11% to US$148m
P&C GWP hit US$1.7bn with strong performance in Malaysia and India.
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- February 21 2022
Samsung Fire & Marine sees 42.5% profit jump despite underwriting loss
The P&C player made an underwriting loss of US$458m in FY 2021 -- an improvement over FY 2020.
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- February 21 2022
Tune Protect: Asean on the ‘cusp’ of a digital revolution
With less than 2% digital penetration in Asean, motor and healthcare are ripe for disruption.
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- February 16 2022
BEA shortlists buyers for Hong Kong’s Blue Cross: report
AIA, China Pacific Insurance, Zurich and China Merchants Group are understood to be interested.
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- February 16 2022
Sri Lankan P&C claims spike 22%
Claims rebounded from a Covid slump in 2020 pushing underwriting profits down.
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- February 16 2022
Profits at Japan’s ‘big three’ bounce back
MS&AD, Sompo and Tokio Marine had a strong first nine months both in Japan and in their Asia subsidiaries.
