Korean Re’s earnings leap 300% aided by new accounting rules
September 28 2023 by InsuranceAsia News
-
Canterbury earthquake lawsuit going to appeals court may weigh on EQC reinsurance renewals
- May 3
With the class action over underpayment of claims headed to the Court of Appeals, more claimants could join the litigation at a time when the New Zealand Earthquake Commission is looking to secure higher limits at the June 1 renewals.
-
Peak Re reports best-ever net profit of US$200m in FY 2023, COR down to 87.3%
- May 2
The Hong Kong carrier's reinsurance revenue saw a 14.6% year-on-year decline in FY 2023 at US$1.56 billion.
-
Insurers’ switch to risk-based pricing makes insurance unaffordable: RBNZ
- April 30
Climate change and rising reinsurance costs are prompting more insurers to switch to a risk-based pricing approach, but the Reserve Bank of New Zealand warns that this is also making property insurance unaffordable and leave customer underinsured.
-
China’s financial regulator calls on carriers to develop green insurance
- April 26
The National Financial Regulatory Administration have asked (re)insurers to enhance their modelling capability, and to play a greater role in helping the society shoulder the cost of climate change.
-
WTW | Building resilience against emerging risks in Asian realty sector
WTW’s Ben MacCarthy, head of real estate, hospitality & leisure, Asia, and Jennifer Tiang, cyber leader, Asia, discuss the real estate industry’s sectoral risk landscape and the emerging role of proptech.
-
FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
