Industry Segments: Underwriting Page 8 / 15
-
- October 3 2022
Hong Kong GI underwriting profits plunged 42% in 2021: HKIA
The reinsurance business' results grew 38% last year driven by a turn around in the proportional treaty business.
-
- September 28 2022
EMC exits reinsurance business
EMC Re, which lost US$2.1m from Japanese Typhoon Jebi in 2018, will cut 65 jobs from next year.
-
- September 28 2022
Risk pools no panacea for Asia’s secondary peril threat
(Re)insurers need to improve risk selection and underwriting to cope with models that don’t have the same predictive power.
-
- 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.
-
- September 27 2022
Arch Australia lands Allianz’s Daniel Khalil as senior underwriter
The Sydney-based property specialist will be responsible for expanding the insurer's distribution network and diversifying the product portfolio.
-
- September 21 2022
South and South-East Asian reinsurers face inflation, poor returns double whammy: AM Best
Pricing increases may not be sufficient for carriers to increase technical profitability despite a five-percentage-point COR improvement since 2019.
-
- 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.
-
- 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.
-
- September 7 2022
MS Amlin boosts APAC underwriting and claims with five Singapore hires
Alex Wang, Jason Tan, Srinath Iyer, Kris Gwee and Joash Tan have all joined the team.
-
- September 7 2022
Atele Toma to lead Allied World’s APAC A&H underwriting
Former Arch underwriter will oversee the business across Singapore, Hong Kong and Australia.
-
- September 6 2022
Sri Lanka Insurance’s underwriting profits to suffer from inflation: Fitch
The P&C insurer has limited ability to reprice policies due to the economic crisis in the country.
-
- September 5 2022
Toa Re’s NWP grew 5% on strong overseas business in 2021: AM Best
The Japanese reinsurer's underwriting was impacted by nat cat losses and 'extraordinary' incidents, but its financial rating remains 'excellent'.
-
- September 2 2022
Analytics: Inflation and climate change ramp up pressure on APAC reinsurers
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
-
- September 1 2022
Hong Kong’s H1 GI underwriting profits rocket 134%
Reinsurance underwriting profit climbed from US$4.7m in H1 2021 to US$98.6m.
-
- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
-
- August 26 2022
Australia’s P&C underwriting profits rose 328% on back of reinsurance recoveries: APRA
Net incurred claims fell 5.1% to US$18.2bn for the year ending June 30.
-
- August 19 2022
ADB signs US$1bn capacity deal with Tokio Marine, Chubb, Liberty, Allianz and Axa XL
The three-year agreement transfers credit risk from the bank's portfolio to the insurers’ balance sheets.
-
- August 18 2022
Underwriting returns elude APAC reinsurers
Average combined ratios have remained above 100% for the last four years, says AM Best.
-
- August 16 2022
QBE Hong Kong appoints Andex Fung as head of retail, SME underwriting
Former AGCS underwriter will liaise with brokers, agents and strategic partners.
-
- August 16 2022
Companies scramble for talent as market rebounds
Asia growth plans on hold as roles in financial lines, energy and construction hard to fill.
