Ping An profits down after ‘complex and difficult’ yearMarch 18 2022 by Nick Ferguson
- November 30
The city’s moribund property market and severe weather events in September pressured insurers’ bottom line.
- November 23
While the New Zealand insurer's GWP grew 17% to US$319m, its underlying profit fell 72% year-on-year hit by large losses from January and February weather events.
- November 21
The Asean reinsurer returned to profit in the first six months of the financial year on the back of higher insurance service results and investment gains.
- November 20
Rate increases, absence of Covid-19, large nat cat losses and increased investment income help Tokio Marine, MS&AD and Sompo improve their earnings in the first half of FY 2023.
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.