Industry Segments: Pricing Page 1 / 9
-
- February 14 2025
Commercial rates harden in Taiwan, Japan while rest of Asia declines: Marsh
Composite insurance rates in Asia continued a downward trend, declining by 3% in the fourth quarter of 2024, marginally higher than the global average.
-
- February 5 2025
Asia insurance rates decline 3% in Q4 2024, driven by cyber and finpro lines: Marsh
Cyber rates drop by 11%, while finpro falls 9%, both extending the previous quarterly declines in 2024, according to the latest Global Insurance Market Index by the broker.
-
- February 2 2025
Reduced exposure to cat losses could boost reinsurers’ operating profits in 2024-25: S&P Global
Better results will also be driven by favorable pricing, terms and conditions in short-tail lines, overall underwriting discipline and increasing reinsurance demand.
-
- January 20 2025
Korean insurers to cut motor premiums despite worsening loss ratios: report
In the fourth consecutive year of rate reductions, major non-life insurance companies will reduce premiums by an average of 0.5-1% this year.
-
- December 5 2024
D&O segment could see further volatility in 2025: Allianz
The overall market size will continue to retract, driven by rate erosion, smaller limits being purchased by customers, and very limited new opportunities given slow capital market activities.
-
- November 28 2024
Australian carriers call for fee transparency, better land use planning to address strata affordability
The Insurance Council of Australia has made 17 recommendations in a policy paper released to help improve outcomes for consumers in strata complexes.
-
- November 15 2024
US exposures, climate change, pricing challenges weigh on APAC casualty underwriters
The casualty market faces challenges in predicting risks due to global interconnectedness and emerging threats like PFAS and cyber.
-
- November 7 2024
Asian specialty losses to be reflected in renewals: Swiss Re
The reinsurer’s specialty CUO Anne Lohbeck says engineering, inherent defect, cyber and credit & surety are growth drivers for APAC specialty book.
-
- November 7 2024
Hurricane Milton, German floods to drive rates up: Peak Re’s Nowakowski
Civil commotion and political instability are additional factors that reinsurers must consider, said the chief underwriting officer.
-
- November 5 2024
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
-
- November 4 2024
Reinsurers are again looking for growth, but stability is key: Mapfre Re’s Sanchez Cea
The reinsurer expects the market to maintain discipline in underwriting and risk selection despite the increasingly competitive market.
-
- November 4 2024
Capital may be international, renewal is always local: Aspen Re
Singapore head Tay Boon Chuan reflects on the market dynamics of 2024 and the collective gains achieved over the past two years.
-
- November 1 2024
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
-
- November 1 2024
Non-proportional reinsurance terms remain attractive: Hannover Re
Hannover Re’s Sharon Ooi tells InsuranceAsia News that market dynamics are shifting due to unexpected losses and geopolitical uncertainties, emphasising the importance of aligning pricing with risk.
-
- November 1 2024
Demand rockets for insurance products in South-East Asia: Moody’s
To thrive amid climate change and regulatory shifts, reinsurers are adopting advanced data analytics for better risk management and pricing, says Andrew Hare from Moody’s.
-
- November 1 2024
Market’s willingness to deploy capacity is certainly back: Gallagher Re
Gallagher Re’s Mark O’Brien says negotiations around retentions, and terms and conditions to be a little easier in the coming renewals.
-
- October 31 2024
Steamship sets benchmark for P&I clubs with 5% general increase for 2025 renewal
The IG P&I club has also announced a capital distribution of 12.5% of the 2024-25 mutual P&I premium to its members who renew in 2025.
-
- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
-
- October 15 2024
Stable pricing trend for Asia Pacific reinsurers in 2024: Fitch
The report also stated that the rising frequency and severity of extreme weather events could increase reinsurance claims, potentially disrupting recent pricing stability.
-
- October 4 2024
Jerris Fong returns to QBE as head of pricing for Asia
Fong was previously quantitative insights manager based in Sydney before he left the carrier in 2022. In his new role he will relocate to Singapore and report to Jeremy Lau, chief underwriting officer for Asia.
