Industry Segments: P&C Page 46 / 56
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- September 1 2021
Taishan P&C investments help neutralise underwriting losses
The insurer's non-motor book, excluding agriculture, posted a combined ratio of 114% last year.
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- September 1 2021
Fubon P&C sees over 30% decline in premiums in H1 2021
Plans to grow the firm's non-motor reinsurance business in China faces intense competition, AM Best says.
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- 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.
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- August 31 2021
Australia’s P&C market shows signs of recovery
General insurance market posts A$750m profit for June quarter as opposed to A$12m in the previous three months.
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- 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.
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- August 30 2021
Insurtech OneDegree raises US$28m and targets China, Singapore
The virtual insurer plans to move into human health and digital asset insurance and has global ambitions.
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- August 27 2021
Ping An’s net profit down 15.5% after China Fortune hit
The Chinese insurance giant promises to strengthen risk management after developer default impacts results.
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- August 27 2021
Toa Re overseas arms improve top-line but impact profitability
The Japanese reinsurer's overseas subsidiaries accounted for more than 25% of the firm's total premiums.
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- August 26 2021
Insurance M&A in APAC falls 51% in H1 2021: Clyde & Co
While deal activity is up recently, APAC regulators can demand substantial capital increments as part of any transaction.
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- August 23 2021
Indonesia’s Lifepal insurtech raises US$9m in Series A round
The digital player offers over 300 policy types across motor, health, life and travel through over 50 insurers.
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- August 23 2021
Generali’s Wong to join Falcon in Hong Kong – sources
Senior casualty manager Pinky Wong is set to replace Gavin Mark at the Hong Kong insurer, the sources said.
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- August 23 2021
Japan’s P&C market to hit US$133bn by 2025: GlobalData
Motor insurance is forecast to grow by 1.4% in 2021 against a decline of 3.6% in 2020.
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- August 23 2021
South Korea’s P&C insurers increase profits 88%
But established firms face competition from tech-savvy startups as new regulations ease barriers to entry.
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- August 18 2021
Sri Lanka P&C profits doubled in 2020
Allianz was one of the biggest gainers on the island as Covid-19 subdued claims.
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- August 16 2021
Ping An P&C to maintain lead despite competition: Moody’s
The general insurer had a combined ratio of 99.1% in 2020 surpassing most of its domestic peers.
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- August 16 2021
Nepal’s Himalayan General and Sagarmatha to merge: report
If the deal goes ahead it could create the country's largest insurance firm.
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- August 13 2021
Sri Lanka’s state reinsurer saw premiums decline in 2020
NITF discontinued accepting a 30% facultative share from local insurers due to the non-availability of retrocession cover.
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- August 11 2021
IAG sees FY 2021 loss, flags A$1bn insurance profit
Business interruption claims related to Covid-19 weighed heavily on performance.
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- August 10 2021
Suncorp’s FY 2021 profit increases 13.1% to US$760m
The insurer's nat cat allowance for the next financial year has increased by A$30m to A$980m.
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- August 10 2021
Allianz H1 2021 APAC profit up 37% to US$402m
Uptick partly driven by insurer's L&H business where operating profit jumped 46% to €279m.
