Line of business: Motor Page 10 / 11
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- June 1 2021
Hong Kong’s non-life underwriting profit up 55.6% in Q1
Regulator data shows GWP for non-life insurance remained flat at US$2.36bn.
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- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
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- May 28 2021
Chubb makes four APAC leadership appointments
Regional vice president Glen Browne to oversee A&H and personal lines across Asia Pacific.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
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- May 21 2021
Japan’s ‘Big Three’ P&C players ride out Covid storm
MS&AD, Sompo and Tokio Marine benefitted from fewer domestic nat cat and motor claims.
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- April 20 2021
Q&A: Aon Re’s Qin Lu on China’s ‘unprecedented’ digital opportunity
Greater China CEO reflects on foreign investment, renewals, the GBA, P&C reforms and Covid-19.
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- April 1 2021
Taiwan’s P&C premiums expected to grow 5-6% a year
Expert tells IAN that motor, fire and engineering lines are set to spur the market.
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- March 25 2021
Malaysia’s motor market needs ‘opening up’: PIAM
Industry body urges changes in how insurers can price risk to address consistent losses.
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- March 18 2021
Singapore’s 2020 P&C underwriting profit hits US$177m
GIA data shows specialty lines fell to a US$20m loss although GWP was up 10% to US$590m.
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- February 9 2021
Suncorp drops travel as Australia profits soar
GWP increased to A$4.35bn in H1 with home and motor growing 5.2%.
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- January 11 2021
Zhejiang Geely takes 33% stake in Union P&C
Chinese automaker investment comes amid motor insurance reforms.
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- December 28 2020
China warns insurers over ‘arbitrary’ expansion
The new CBIRC regulations come amid an environment of increased government oversight.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 2 2020
Allianz swoops on Westpac’s P&C arm in US$535m deal
German giant underwrites the bank's business, motor and travel books.
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- October 21 2020
Slowdown means Malaysia’s P&C market to continue to take a hit
Pandemic disruptions are creating a long road to recovery for the sector.
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- October 7 2020
As IAG confirms US$99m settlement, Allianz also faces penalties
Aussie insurers have come under increasing regulatory and public scrutiny in recent years.
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- October 7 2020
Demand could see Asia’s motor GWP increase US$30bn by 2023
China saw a 16% increase in new vehicle sales in July in this key market.
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- September 28 2020
Tesla’s big data disruption to spark insurers into action
The electric car giant is well-placed to make a market splash but challenges remain.
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- September 21 2020
Axa Korea sale sees rocky start as single bid comes in
One expected contender dropped out at the last minute.
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- September 18 2020
China’s P&C outlook stable as GWP climbs: Moody’s
(Re)insurers can expect "ongoing diversification" to lines such as agriculture and liability.
