Analysis Page 10 / 68
-
- December 22 2023
Asia marine market sails into choppy 1.1 renewals
The anticipation of an orderly renewals season has been unsettled by Red Sea attacks with marine war risk premiums having risen to around 0.5%-0.7% of the value of a ship this week from 0.07% in early December.
-
- December 21 2023
January 1 renewals seeing ‘flattish pricing’, better terms
Political risk and war will see the most challenging conversations with capacity available for other classes as reinsurance or retro markets have not been too affected by 2023 catastrophes.
-
- December 19 2023
Industry monitors maritime risks amid escalating South China Sea tensions
APAC insurers remain cautiously optimistic that the dispute will not broaden to involve the wider maritime community transiting the waters.
-
- December 18 2023
Australian broker code review puts commission disclosure debate in the spotlight
Finding common ground that satisfies both sides of the debate will be a hard path for NIBA with a faction threatening to break away.
-
- December 15 2023
Shanghai Insurance Exchange sets template for reinsuring Greater Bay Area climate risks: Axa’s Sally Wan
Both Hong Kong and Shanghai have a role to play in helping (re)insurers manage risk and grow their P&C businesses, from climate to infrastructure risks, says the Greater China CEO.
-
- December 14 2023
APAC financial lines underwriters search for pockets of profitability in underserved niches
While the market in the region remains extremely soft, carriers are betting on mid-market and SME D&O accounts, commercial PI and cyber-blended policies.
-
- December 13 2023
Last gasp deals may ease weight of insurers’ Russian aviation woes
The coverage disputes over 400 stuck aircraft have prompted a range of court actions with lessors suing for an estimated US$10bn, although the claims may be closer to US$15bn if the most extreme scenario were to be realised.
-
- December 11 2023
Lack of investor awareness stifling Hong Kong’s US$560m cat bond market
Senior executives at insurers, brokers and the World Bank applaud the city’s effort to grow its insurance-linked securities market, but challenges remain.
-
- December 8 2023
South India floods: Insured losses could cross half-a-billion-dollar mark
Home and commercial property claims, BI losses continue to climb as the industrial hub of Chennai has yet to recover from the flooding, say local loss adjusters.
-
- December 7 2023
Global brokers making headways in Japan’s tough insurance market
As the industry battles governance issues and scandals, the agent-dominated market is seeing a shift towards professional intermediaries with specialist skills and independent advice.
-
- December 6 2023
Fire losses still burning issue for marine insurers as claims mount
Extreme weather, increase in machinery claims post-Covid, piracy, geopolitical and cyber risks are other major APAC marine market concerns.
-
- December 4 2023
COP28: Insurance can’t be sole solution for climate challenges
With the just-adopted Loss and Damage Fund, the industry can play a supporting role by offering solutions like parametrics in the short term but need to look beyond insurance for the long term.
-
- November 30 2023
Surge in claims volume testing APAC service capabilities
Increasing nat cat losses, rising cyber claims and inflation leave regional response infrastructure in danger of being overwhelmed, lengthening lead times significantly and driving up costs.
-
- November 29 2023
International market’s appetite for Taiwan risks waning
While domestic insurance capacity has been sapped by Covid losses, foreign carriers are shying away from writing business in the market due to historically soft markets and looming political risks.
-
- November 27 2023
Renewals will be late again as carriers wait and watch, says Peak Re’s Nowakowski
As renewals discussions gather pace, no one is expecting any softening and there isn't really any significant new capacity coming to the market, according to the chief underwriting officer.
-
- November 23 2023
APAC markets need to wake up to changing nat cat exposures
After a bruising 2022 and 2023 nat cat loss experience to date, there can no longer be any argument that Asia faces a new flood risk reality.
-
- November 21 2023
Asia casualty programmes harder to place, says WTW’s MacCarthy
The covers have reduced substantively with a tightening of the limit belt, offering a range of US$25-$30m now compared with US$50m earlier.
-
- November 20 2023
Japan’s big three script domestic underwriting rebound
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.
-
- November 17 2023
Unwillingness to deploy capacity comes from too many surprises in the covers: Allianz Re’s Steimen
The (re)insurance industry needs to make sure that it understands the risks via the use of models and has to invest more into better data as economic growth in Asia keeps driving losses up.
-
- November 16 2023
Rates have to catch up with losses to ease APAC’s offshore wind capacity crunch
(Re)insurers are showing no appetite even as projects pile up, especially in Taiwan, while premiums and risks remain disproportionate, industry sources say.
