Industry Segments: P&C Page 56 / 72
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- November 24 2021
Taiwan’s non-life players benefit from benign nat cat experience
P&C insurers have recorded a five-year average net combined ratio of 95.6%, according to AM Best.
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- November 19 2021
Asia’s insurers set for inflation uplift
Claims will increase but rising prices and market growth will outweigh costs.
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- 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%.
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- 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.
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- 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.
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- November 11 2021
Former FWD exec joins Hong Kong’s Well Link Insurance
Ted Wai has taken on the role of deputy chief executive for the insurance group which has GI and life operations in the SAR.
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- November 11 2021
India attracts global broking giants
Aon, Gallagher and WTW are securing full control of their JVs in a fast growing market.
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- November 10 2021
Swiss Re appoints head of APAC P&C analytics
Singapore-based Monami Mukherjee joins the reinsurer from a management consultant.
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- November 8 2021
ZhongAn’s combined ratio improves to 99.4%
AM Best report says the digital insurer currently enjoys a 1.2% share of China's P&C market.
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- November 8 2021
Generali taps former Starr exec as Asia casualty head: sources
IAN understands that Starr's former head of liability for Hong Kong has taken on the role.
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- November 3 2021
Nepal chamber objects to Insurance Board’s premium minimums—report
The Federation of Nepalese Chambers of Commerce and Industry says the move runs counter to the idea of an "open economy".
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- November 2 2021
Shinhan Financial buys Korea’s BNP Paribas Cardif GI
The move would give Shinhan a full general insurance license.
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- November 2 2021
Cover fine print key for Asia’s eager travelers
Travel insurance will need to be a far more nuanced offering post-pandemic.
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- October 26 2021
Weak motor profits to impact China’s P&C players beyond 2021
Pricing pressure from regulatory reforms could prompt some smaller insurers to exit the business line completely.
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- October 26 2021
Hong Kong’s brokers urged to plan renewals early amid hard market
CIB event told that property risk models can fail to estimate the true scale of losses.
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- October 26 2021
China Life P&C sees 4.5% premium growth in H1 2021: Moody’s
The insurer continued to record underwriting losses partly due to the performance of its motor business.
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- October 19 2021
Hong Kong digital insurer Avo raises HK$260m
The digital insurer recorded gross written premiums of HK$1m in 2020.
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- 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.
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- October 15 2021
IAG brought to Federal Court by ASIC over discounts
Regulator alleges a subsidiary engaged in misleading conduct over discounts for personal policies involving around A$60m.
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- October 14 2021
South Asia digital P&C personal premiums to hit US$7.5bn: Swiss Re
Report says the figure will be reached within five years with digital penetration currently 1-2%.
