Industry Segments: Pricing Page 2 / 9
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- September 30 2024
ARPC to raise premium rates for cyclone reinsurance pool
The 2024 pricing review of the cyclone pool premium rates targets the introduction of premium discounts for strata properties and maintaining the price algorithm to rate for new addresses registered since the previous review and address insurer feedback to make the pricing algorithm more consistent with market practise.
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- September 23 2024
Typhoon Yagi to drive reinsurance premium, deductible increases in Vietnam and beyond
Premiums increases that will allow the carriers to cover costs and mitigate future risks are likely to be particularly evident in high-risk areas, such as coastal provinces in the north.
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- September 6 2024
RVS Monte Carlo: Reinsurer returns will remain attractive despite expected softening of rate – Aon
In a briefing ahead of the Monte Carlo reinsurance summit, the broker forecasts an increase in pricing competition in 2025, and that insurers will begin to see greater flexibility around capacity provision and coverages.
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- August 29 2024
Australian carriers’ H1 2024 capacity ample except for PFAS, US exposures: Marsh
The first half of the year saw improvement in market competition and the return of insurer choice for buyers, which had not been generally seen since 2017.
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- August 27 2024
Japan’s big 4 plan to increase motor premiums by 3.5-5% in January 2025: report
The rate hikes have been triggered by higher payouts amidst rising prices and a growing number of nat cat events.
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- August 8 2024
Asia’s buyer-friendly market to stay as pricing remains flat in Q2: Aon
US-related and nat cat-exposed property risks remained challenging across most markets in the region, although Hong Kong and China stood out with modest price reductions, the broker said in its Q2 market insights report.
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- August 8 2024
Cyber wordings, limits set to tighten as CrowdStrike points to ambiguity in cover
The industry needs to address accumulation risks, data gaps and further threats from large-scale events that are becoming more frequent.
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- July 29 2024
Space insurance struggles amid billion-dollar+ claims, scarce premium pool
While the market has seen a doubling of rates recently, shrinking underwriting capacity and technology changes add further challenges to the industry reeling from recent large losses.
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- July 24 2024
Asia insurance rates decline 3% in Q2 led by finpro and cyber lines: Marsh
Rates drop for the second-straight quarter and widened from the 2% drop recorded in the first quarter. Led by D&O, finpro lines had the highest decline at 9%, while cyber rates declined by 6%.
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- July 24 2024
Pacific insurance rates decline 5% led by finpro, cyber and property lines: Marsh
Casualty was the only line that saw a slight increase with the rates going 1% up, however, the lowest in many years, as capacity and competition increased from new and existing markets.
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- July 18 2024
Specialty MGA Qubit ropes in Arbol’s Peter Xia as chief actuary, reinsurance
New Jersey-based Xia joins from parametric and climate specialist Arbol where he was chief pricing actuary.
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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".
