Industry Segments: P&C Page 52 / 56
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- January 11 2021
Zhejiang Geely takes 33% stake in Union P&C
Chinese automaker investment comes amid motor insurance reforms.
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- December 31 2020
Happy new year projected for Asian markets
Non-life premiums across the region forecast to grow by 10% in 2021.
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- December 30 2020
Philippines P&C sector sees 18% H1 2020 premium drop
Insurance Commission notes decline across the board but profitability holds up.
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- December 21 2020
Singapore GI GWP to drop 1.9% in 2020: GlobalData
Slowdown comes after the Lion City had registered 6.7% growth the previous year.
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- December 17 2020
Japan’s ‘non-lifers’ primed to defy negative outlook
Financial risks aside, 2021 offers potential for strong performance.
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- December 15 2020
China P&C premiums up 7% as normalcy returns
Health has been the biggest contributor to non-life premium growth — up almost 36% this year.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 8 2020
Australian insurers to appeal adverse BI decision
Insurance Council of Australia to challenge NSW ruling on Covid-19 claims in the High Court.
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- December 4 2020
Covid-19 widens India’s digital gap
Private P&C insurers are winning market share from public sector rivals thanks to digital innovation.
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- December 2 2020
Allianz swoops on Westpac’s P&C arm in US$535m deal
German giant underwrites the bank's business, motor and travel books.
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- November 30 2020
P&C sector grows 5.5% to US$59.4bn: HKIA
Despite signs of resilience, motor and EC have seen sustained underwriting losses.
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- November 30 2020
Japan’s P&C majors to bounce back in 2021: Fitch
Tokio Marine, MS&AD and Sompo more exposed to Covid-19 risk in overseas markets.
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- November 23 2020
Typhoon Vamco causes significant damage to the Philippines
There are numerous infrastructure claims associated with the storm.
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- November 18 2020
Vietnam sees tepid P&C growth as 13th typhoon hits
It has been a tough time for the sector despite a rapid response to Covid-19.
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- November 18 2020
Korea’s insurers struggling to meet profit expectations: KIRI
The sector's returns are at a 10-year low in a saturated market.
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- November 17 2020
Reinsurers’ Covid losses slow, demand in Asia grows: Fitch
Sector to benefit from growing risk appetite, higher prices and stricter policy terms.
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- November 13 2020
Samsung insurers advance Korea ESG momentum
The life and P&C units have issued a "coal-free declaration."
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- November 13 2020
Global (re)insurance recovery to be led by China, rates: Swiss Re
(Re)insurance markets have been less severely impacted than expected.
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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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- November 6 2020
Chubb appoints ex-Axa exec as country president for Vietnam GI
Khue Dinh has taken on the role this month.
