Analysis Page 10 / 71
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- April 18 2024
Hong Kong’s national security law eases US$100m political violence concerns
The new law has lowered concerns of exposure to another event akin to the 2019 protest, still (re)insurers haven't relaxed underwriting considerations.
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- April 17 2024
Insurers wrestle with rising claims as lithium battery use widens
The industry needed to define its positions on whether the battery fire is an operational risk for users, or a product liability risk, especially in the case of thermal runaway.
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- April 16 2024
IRDAI’s onshoring push may squeeze out cross-border reinsurers
The Indian regulator’s plan to introduce collateral will raise costs, increase compliance and administrative burdens.
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- April 15 2024
HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
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- April 11 2024
Stability the goal as D&O market emerges from years of pricing volatility
While the directors & officers market in Asia Pacific remains as diverse as the markets in the region itself, there is a clear demand for certainty around pricing.
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- April 9 2024
April 1 renewals point to signs of reinsurance market peaking
The orderly 1.4 renewals saw a revival in property cat appetite, and modest reductions in rates and easing of conditions, though retentions remain high and per risk and US casualty continue to be hard to place.
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- April 8 2024
More dedicated specialist energy capacity pivotal for Asia risks
Although fac capacity is growing, there is still further need for complex areas such as offshore wind and nuclear risk, Aon’s Geoffrey Lambrou says.
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- April 3 2024
APAC markets see stable renewals on ample capacity, reinsurer appetite: brokers
The supply-demand dynamics have shifted in favour of reinsurance buyers in the April renewals, leading to better pricing and easing of market conditions across Japan, India, Korea, the Philippines and China.
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- April 2 2024
Dali trade disruption costs put at US$8bn
The losses will be broad, complex and likely significant and there will be claims made under general average, Association of Average Adjusters’ chair Burkhard Fischer tells IAN.
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- March 28 2024
1.4: South Korean cedents to see single-digit rating increases
While the market has yet to fully recover from the past years’ big industrial and cat losses, reinsurers are comfortable with where the rates, terms and conditions are now.
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- March 27 2024
Britannia P&I’s Bermudan reinsurers, Axa XL set to bear brunt of multi-billion-dollar Baltimore bridge collapse
The event involving Singapore-flagged Dali, which could likely be the biggest insured loss in maritime history, will increase pool layer costs and container GXL pricing next year, sources tell IAN.
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- March 27 2024
Japan 1.4 renewals ‘orderly’ with risk-rated hikes
While structures and terms and conditions are expected to stabilise, shrinking capacity from major Japanese players is forcing cedents to explore new capacity from global insurers.
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- March 25 2024
1.4: Philippines sees flattish pricing though quoting markets remain tight
While there is a gradual return to an orderly renewal process, the market is seeing a shift from proportional to non-proportional treaties.
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- March 22 2024
Buyers closing in on PSC, but sluggish UK arm makes for a tricky deal: sources
A deal could be announced in a matter of days with Marsh, Ardonagh and Gallagher rumoured to be leading the race.
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- March 20 2024
Insurers tread a fine line in next gen motor as EV poses uncharted risks
Recent interventions by regulators in China and Taiwan highlight the quagmire faced by insurers in dealing with the emerging risks from underwriting EV policies, but there is little room for inaction as governments' net-zero commitments mean the days of conventional vehicles are numbered.
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- March 19 2024
Hannover Re’s APAC FY 2023 revenue stays flat at US$2.25bn
While it has scaled back its business in select markets such as China, certain South-East Asian markets and South Korea to increase the profitability of its portfolio, it has grown its revenues in markets like India and Australia.
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- March 18 2024
India 1.4 renewals likely to be smooth but structures remain a sticking point
Proportional capacity is drying up, but reinsurers remain open to quota shares for select cedents and pushing for whole account XL protections.
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- March 15 2024
(Re)insurers embrace generative AI for better underwriting, claims management
Early adopters are exploring the use of AI tools across the entire insurance value chain, including portfolio accumulation, risk quoting, and risk management.
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- March 14 2024
Japan’s latest rocket launch loss unlikely to hit international markets
The space (re)insurance market that suffered a bruising 2023, with a heavy loss experience that ripped through its premium base, spared the claims from the failed experimental launch.
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- March 13 2024
Asian W&I market gears up for a deal rebound but soft market persists
Though valuation mismatches remain a hurdle to a full recovery in M&A activity, underwriters in the region believe that rates may have bottomed out and there will soon be a normalisation in pricing.
