Korean P&C carriers to improve profitability: S&P Global
December 22 2022 by InsuranceAsia News Staff
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Fitch downgrades outlook for Sinosure, China Taiping group entities after sovereign rating action
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The negative outlook reflects a potential decline in the willingness and ability of the government to support insurers with weaker standalone credit quality.
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Taiwan earthquake preliminary non-residential losses exceed US$263m: Guy Carpenter
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While not all of these losses are insured, the residential earthquake insurance fund has reported claims of about US$23m from 472 claims, data from the broker showed.
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IRDAI allows carriers to customise commercial policy wordings: reports
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Non-life insurers were previously restricted to offering standard base policy wordings for motor, property, and engineering insurance cover based on which they could provide add-on covers/riders.
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Sure raises Northern Queensland residential strata cover to AU$20m to improve access
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The move is expected to allow body corporates and lot owners who have been challenged by affordability or under-insuring their complexes to access "alternative strata premium offerings", the insurer said.
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