Industry Segments: Solvency Page 1 / 4
- January 16 2023
S&P upgrades Lloyd’s rating on sound solvency, better performance
S&P expects 95% COR for 2022, taking into account the half-year COR of 91.4% and reserving of US$4bn for the war in Ukraine and Hurricane Ian.
- December 9 2022
CBIRC to start on-site inspections and tighten oversight of fund use by insurers
Average solvency ratio of property insurance companies and reinsurance were adequate at 238.9% and 309.1%, respectively, according to the regulator.
- December 2 2022
IRDAI’s liberalisation agenda raises risk of insurer failures
Wide-ranging reforms will ease the path to markets, but excess capacity could also lead to greater competition.
- October 21 2022
Australian general insurers well capitalised despite monster flood: APRA
The industry maintained a coverage ratio of 1.7x the minimum requirement, the regulator’s annual report showed.
- June 7 2022
Taiwan’s P&C capital levels under pressure from Covid claims
The situation shows the danger of underwriting policies for which there is inadequate data.
- May 31 2022
Allianz GI China JV insufficiently capitalised for growth: Fitch
The firm's solvency ratio has fallen from 320% to 200%.
- August 10 2021
Digit Insurance fundraise driven by solvency requirements, chair says
Founder Kamesh Goyal tells IAN the insurtech saw a 63% increase in GWP in Q1 2021.
- August 9 2021
China set to squeeze insurers’ solvency
Phase II of C-Ross is expected to cut solvency ratios by at least 10 points.
- May 18 2021
China premium income rises 7.8% in Q1 amid Covid recovery
CBIRC data shows reinsurers were the top performers as assets grew 9.2% to over Rmb540bn.
- February 8 2021
Taiwan to push capital strength and sustainable finance: Fitch
The FSC has pinpointed key focus areas as insurers prepare for IFRS 17 and a new solvency regime.
- February 22 2019
Asia’s regulatory arbitrage
Prudential is seeking to escape EU regulations through its demerger, but investors are unconvinced.
- August 15 2018
Chinese insurers post adequate solvency ratio
The average solvency level was 241% for life insurers and 394% for P&C companies.
- August 14 2018
Korea non-life insurers shoring up solvency capital
Companies face progressive tightening in risk-based capital measures and upward movement in interest rates.
- June 13 2018
China says insurance sector’s risks generally controllable
The CBIRC says risks facing the insurance sector are complicated but solvency ratios remain stable.
- May 4 2018
Chinese solvency ratios improving amid crackdown
The recent campaign to strengthen regulations in China is beginning to show benefits, says Moody's.
- April 5 2018
China injects US$9.7bn into Anbang
The capital injection is aimed at ensuring the solvency and stability of the group.
- December 13 2017
Outlook for Asia insurance sector stable, says Moody’s
Steady economic momentum across the economies of the region is driving demand for insurance.
- December 4 2017
Reliance General gets final clearance for IPO
The offering will account for 25% of the post issue paid-up capital of the insurer.
- November 29 2017
Hong Kong insurers attract buyers seeking M&A-driven growth
US and European insurers look to Asia amid low growth and even lower interest rates, according to new research.
- August 2 2017
China tells Anbang to sell overseas assets
The company has been urged to channel its overseas investments back to China and dispose of its offshore assets.