Industry Segments: Pricing Page 1 / 8
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- July 12 2024
Asia Pacific reinsurance market finds a new equilibrium
While the market is ‘finely balanced’ for now, its sustainability will depend on the loss activity in the remaining six months of 2024, according to reinsurance experts and analysts.
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- July 6 2024
APAC to account for 8% of non-US cyber premium growth by 2030: Howden
Despite cyber insurance pricing dropping by 15% from the 2022-peak, growth opportunities abound especially among new geographies such as Asia Pacific, and niche segment such as SMEs, Howden said in its annual cyber report.
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- July 4 2024
Australia and New Zealand mid-year renewals see return to stable market: Aon
Reinsurance buyers were seeing ample capacity and flatter pricing, with many experiencing low-single digits reduction, according to the broker's latest reinsurance market dynamics report.
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- July 3 2024
Capacity loading at the front end driving rate softening for Asia aviation market
With the outcome of major disputes relating to Russia-Ukraine and Boeing 737 Max still uncertain, additional retail capacity in the regional aviation market is steering rating.
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- July 3 2024
Pricing and capacity ease at 1.7 renewal as underwriting scrutiny persists: brokers
Reinsurance buyers experienced a more welcoming market, and loss-free programs saw price easing at July 1 renewals compared to recent years thanks to positive results, Gallagher Re and Guy Carpenter said in their mid-year renewals reports.
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- June 26 2024
‘Normalcy’ returns to Australia, New Zealand 1.7 renewals
Property cat renewals are seeing relatively flat pricing on bottom and middle layers and small risk-adjusted decreases in top layer pricing, brokers tell InsuranceAsia News.
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- June 21 2024
Cyber insurers need to ‘byte the bullet’ as naivety and claims test sustainability
The market is poised for a significant correction, however, Asia is likely to be at the tail-end of the change, says Xavier Marguinaud, head of cyber at Tokio Marine HCC International.
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- June 17 2024
Australian P&C insurers to see slower premium growth: S&P Global
Despite lower premium growth on the back of moderating premium rate increases, profitability should remain strong this year through to 2025.
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- June 10 2024
Global reinsurance outlook upgraded to “positive” on strong profit margins: AM Best
Global reinsurers' strong underwriting margins and return-on-equity enable them to absorb large losses seen in the first quarter 2024, as the sector outlook improved from "stable" to "positive".
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- May 13 2024
QBE forecasts 93.5% group COR for FY2024
The Australian carrier reported a group-wide renewal rate increase of 7.3% in the first quarter this year, while its net cat cost was US$200m for the first four months
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- May 8 2024
Asian insurers bracing for a soft market cycle as competition revs up
Increasing capacity and a relatively benign cat loss environment are driving down primary market rates across business lines and markets in the region.
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- May 6 2024
Asian insurance pricing moderates across lines but Japan, Taiwan, Philippines buck the trend: Marsh
Japan was the only Asian country that saw price increases in all lines of business, other cat-exposed markets like Taiwan, Philippines and Indonesia saw strong hikes in property classes but saw varying trends in other lines.
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- April 30 2024
Insurers’ switch to risk-based pricing makes insurance unaffordable: RBNZ
Climate change and rising reinsurance costs are prompting more insurers to switch to a risk-based pricing approach, but the Reserve Bank of New Zealand warns that this is also making property insurance unaffordable and leave customer underinsured.
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- April 12 2024
Sure raises Northern Queensland residential strata cover to AU$20m to improve access
The move is expected to allow body corporates and lot owners who have been challenged by affordability or under-insuring their complexes to access "alternative strata premium offerings", the insurer said.
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- April 11 2024
Stability the goal as D&O market emerges from years of pricing volatility
While the directors & officers market in Asia Pacific remains as diverse as the markets in the region itself, there is a clear demand for certainty around pricing.
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- March 13 2024
Asian W&I market gears up for a deal rebound but soft market persists
Though valuation mismatches remain a hurdle to a full recovery in M&A activity, underwriters in the region believe that rates may have bottomed out and there will soon be a normalisation in pricing.
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- March 12 2024
Asia Pacific market increasingly bifurcated in Q4 2023: Aon
While nat cat exposed areas were hardening, financial Lines and mid-market property programs retained in domestic insurance markets were soft.
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- March 6 2024
Reinsurance pricing likely to peak in 2024: Moody’s
The demand for reinsurance will remain robust in 2024, despite subdued economic growth, which will support strong sector earnings, according to a new global report.
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- February 21 2024
P&I clubs grow APAC tonnage, focus on lower-level adjustments in February renewal
Rate hikes eased to 5-7.5% on the back of strong adjustments in rates and deductibles last year, when the clubs saw a median 10% increase.
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- February 19 2024
David Howden sees commercial insurance rates flattening this year: report
The Howden chief executive told the FT that the business insurance market is beginning to see 'green shoots' with a recovery in (re)insurance capacity.