Industry Segments: Pricing Page 6 / 9
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- September 14 2022
Rising cat claims force APAC governments to partner reinsurers: S&P
Government-backed cat pools and widening agri cover are seen as ways to maintain affordability.
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- August 30 2022
Market face-off over risk pricing in Asia
Reinsurers blame ambitious broker expansion for driving down prices.
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- August 3 2022
APAC (re)insurers prioritise pricing amid inflation pressure
APAC non-life GWP and rates will continue to climb, but the pace of growth is a mixed picture across the region.
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- August 2 2022
Asia political risk rates to rise as Ukraine crisis bites
Even fairly benign countries such as Indonesia, the Philippines and Thailand could see hikes of 15-20%.
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- August 1 2022
MGA Rokstone eyes Asia cat market opportunity
The specialty player has regional capacity and wants to expand as pricing hardens and terms improve.
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- July 28 2022
Capacity tight due to complex risks in Asia’s tech market
BI risks, data security concerns and past losses are contributing to more conservative underwriting.
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- July 26 2022
Inflation fears fuel interest in digital analytics for pricing
AGCS and other insurers in Asia are turning to digital tools to improve methodologies in turbulent times.
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- July 19 2022
QBE books US$75m provision after pricing review
Andrew Horton, QBE group CEO, is "disappointed" by findings relating to an ASIC review.
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- July 8 2022
Down to the wire Australian renewals signal market shift
In fraught negotiations, reinsurers adapt to higher frequency of secondary perils and climate change.
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- July 1 2022
Mixed reaction to Australia’s cyclone pool modelling data
There are potential premium savings of 38%, but up to 24% of Queensland homeowner policyholders could see rises.
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- June 1 2022
Axa’s China P&C unit adopts new AI pricing system
The firm will become the 13th Axa entity and the first Chinese insurer to use the technology.
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- May 18 2022
Malaysian insurers predict ‘substantial’ price increases due to floods: study
On average around 10% of economic losses are covered, a new report reveals.
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- May 4 2022
Aussie floods put pressure on capacity ahead of renewals
P&C insurers have begun increasing premiums and tightening policy wordings as they take stock.
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- May 3 2022
Asian reinsurers challenged by cat modelling: Fitch director
Protection gap suggests vast potential for reinsurance growth.
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- April 29 2022
APAC P&C rate increases slowed again in Q1: Marsh
Pricing index shows financial and professional lines still rising in double digits.
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- April 13 2022
Asia’s agri market sees parametric growth
The sector is faced with a significant protection gap that needs more innovative underwriting.
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- March 31 2022
Cyclone reinsurance pool legislation passes in Australia
ICA urges details about the impact on premiums to be released.
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- March 10 2022
Electric car insurance: profitability concerns persist
As a new dawn greets Asia’s motor industry, a dearth of data presents underwriting challenges.
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- February 28 2022
Asia cyber ripe for underwriting revolution
Gallagher Re suggests skyrocketing premiums could be countered by changes in industry practices.
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- February 4 2022
Pace of Asia price rises continued to slow in Q4: Marsh
Financial and professional lines accounted for the majority of price increases.
