Industry Segments: Pricing Page 6 / 9
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- November 3 2022
Sompo International recruits Axa chief actuary as APAC pricing VP
Fred Weber, who was at Axa since 2004, will continue to be based in Singapore.
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- November 1 2022
APAC commercial rates moderate as cyber pricing shoots up: Marsh
Pricing in the Pacific climbed 5% in Q3, down from 7% in Q2, while Asia was up 2%, down from 3%.
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- October 8 2022
Asian cedents urged to get in early, lock down capacity for 2023 renewals
Prices are hardening and capacity is likely to be more constrained going into the upcoming renewal season.
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- September 28 2022
Higher loss ratios driving up China NEV insurance rates: report
Electrical vehicle cover 20% more expensive than conventional cars because they are more prone to fire and parts are more expensive.
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- September 21 2022
Asia may ‘finally pull its weight’ on terrorism cover
The market is on the cusp of change with rates set to harden as global firms pay more attention to the risk.
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- September 14 2022
Insurers’ ESG reluctance holding back Asia greening agenda
Market players need to find better ways of underwriting new projects that they don't fully understand.
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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.
