Analysis Page 15 / 70
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- August 10 2023
Hannover Re increases APAC Covid reserves to US$629m
In the 1.6 and 1.7 renewals, the German reinsurer saw rate increases and improved terms in Australia, while it reduced shares on some proportional business in Asia.
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- August 9 2023
Hong Kong northbound GBA motor scheme to help spur P&C innovation
With 16 insurers already writing cross-border policies, the Greater Bay Area should create specialty and reinsurance opportunities despite a complex framework.
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- August 8 2023
Capacity challenge for Asia’s offshore wind market as nat cat, accumulation risks rise
Larger turbines, wind farms being created further offshore and more ambitious projects mean (re)insurers need to adapt quickly.
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- August 7 2023
Exclusive: Euclid Transactional targets Asia launch
The M&A-focused New York-headquartered specialty MGA is set to open a Singapore office by Q1 2024.
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- August 4 2023
Vesttoo scandal contagion to curtail Asia business
The fallout is unlikely to affect Asia cedents but could create capacity constraints for MGAs and reputational damage in the insurtech and ILS spaces.
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- August 3 2023
US ‘nuclear verdicts’ reverberate in Asia
Regional liability premiums may feel the pinch of US social inflation as supply chains recover.
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- August 1 2023
China, Philippines and Taiwan count US$150m-plus Typhoon Doksuri damage, prepare for Khanun
Beijing is facing a historic rain event after storm damaged crops, roads, bridges, and houses and triggered landslides, with yet another typhoon threatening the region.
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- July 28 2023
Japan P&I Club on hook after large fire on ship with US$100m of cargo
The Japanese-owned vessel is near a World Heritage site and was carrying over 2,800 vehicles, including 498 electric cars.
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- July 27 2023
Marine (re)insurers in a lurch with rise of ‘dark fleets’ in APAC
Carriers feel they are left on the margins while unscrupulous actors in the region side-step Western sanctions on Russian shipments.
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- July 26 2023
Large loss expected from stricken ship and containers off Taiwan coast as typhoon looms
A Palau-flagged container ship has sunk possibly triggering environmental and long-term liability claims, as the Philippines, Taiwan, China and Hong Kong prepare for huge storm.
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- July 25 2023
Asia cyber market ‘to outperform the rest of the world’
While most of the buyers are still larger companies, the real growth opportunities come from the underpenetrated SME and mid-market.
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- July 24 2023
IFRS 17 brings mixed results for APAC carriers
While the new standard seems to have improved insurance results, impacts of external factors like interest rates have brought a greater need to explain the numbers to investors.
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- July 20 2023
Update: Insurers take ‘wait-and-see’ approach to Russia’s Black Sea threat
As the situation escalates with Russia targeting port facilities and destroying grains and the US warning that Moscow may have mined the sea corridor, there is uncertainty if terms can be held for non-Russia, Ukraine, Belarus ports.
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- July 19 2023
Asian aviation insurance riding airline startup tailwinds
The post-pandemic recovery in travel is leading to an aviation boom, however, the increasing cost of repairs and lack of skilled talent pose a challenge.
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- July 18 2023
Carriers prepare for claims deluge as floods hit India, Korea, Japan and China
Extreme weather, including heavy rainfall, landslides, a typhoon and heatwaves, has put (re)insurers, brokers and adjusters on high alert.
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- July 17 2023
Exclusive: Ryan Specialty set for Asia foray with M&A unit
The MGA, Ryan Transactional Risk, has hired an AIG exec to lead the Singapore office, which will write business from across Asia Pacific.
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- July 14 2023
Cyber market in APAC set to surge by 2025
Overall market growth for the sector continues to be bullish with SMEs in the region bearing the brunt of malware attacks and cyber war.
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- July 13 2023
Everest chopper crash signals turbulence for Nepal’s aviation fac market
IAN understands the helicopter crash this week that killed six people will cost reinsurers around US$2.5m and adds to a series of safety failures that will likely see prices and retentions soaring.
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- July 12 2023
Rising parametric solutions support Asia’s renewable energy transition
Advances in data analytics are helping cover a wider range of perils and risks, but weak pricing, lack of diversification and basis risk limit growth.
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- July 7 2023
China’s carriers betting on state-led infrastructure boom
The government continues to invest in railways, airports, ports and energy generation amid a slowdown in the property market.
