Industry Segments: Solvency Page 1 / 4
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- November 29 2023
Chinese non-life insurers’ investment risks manageble, focus on underwriting results: AM Best
Economic recovery and the recent relaxation of solvency-related investment rules support the sector’s “stable” outlook.
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- October 19 2023
Most Asian economies to see an increase in insolvencies: Allianz Trade
Countries set for the largest rises include South Korea, Japan, Australia and New Zealand, but Hong Kong is set to see a decrease in 2024.
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- August 28 2023
Indian government reneges on capital support to state-owned general insurers: report
The government last year provided US$600m in capital to National Insurance, Oriental Insurance and United India Insurance to meet regulatory solvency norms.
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- August 4 2023
Taiwan insurers face high capital pressure despite eased rules: Fitch
Certain new amendments under the new solvency framework will also ease the burden on local insurers.
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- May 20 2023
IRDAI relaxes surety bond rules
The regulator has reduced the solvency requirement and removed the 30% exposure ceiling.
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- April 11 2023
Taiwan regulator orders four insurers to raise capital or risk being taken over: report
Fubon, Tokio Marine Newa, Hotai and CTBC must restore their solvency levels by the end of June, or they would be taken over by the Financial Supervisory Commission within 90 days.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- May 31 2022
Allianz GI China JV insufficiently capitalised for growth: Fitch
The firm's solvency ratio has fallen from 320% to 200%.
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- 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.
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- 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.
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- 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.
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- 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.
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- February 22 2019
Asia’s regulatory arbitrage
Prudential is seeking to escape EU regulations through its demerger, but investors are unconvinced.
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- August 15 2018
Chinese insurers post adequate solvency ratio
The average solvency level was 241% for life insurers and 394% for P&C companies.
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- 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.
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- 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.
