Analysis Page 9 / 71
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- May 21 2024
Japanese big 3 results bolstered by overseas business, weak yen
The Japanese insurers' international subsidiaries reported strong performance in 2023 due to steady rate increases, while domestic premium growth remained muted despite fire and motor premium hikes.
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- May 16 2024
UN climate alliance’s second try takes consultative, multi-industry approach
The newly formed Forum for Insurance Transformation comprises (re)insurers, brokers, law firms, regulators, scientists and climate experts to drive net-zero transformation.
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- May 15 2024
Singapore’s ‘forever chemicals’ ban highlights growing momentum for claims exclusions
The city state will ban the use of certain PFAS chemicals from February 2025, those used in fire-fighting foams from 2026, according to the National Environment Agency.
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- May 14 2024
Battery risks extend EV insurance’s frontier into product liability
The heightened risks of fire and explosions associated with the use of lithium-ion batteries are forcing (re)insurers to rethink the way they approach their motor insurance business.
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- May 13 2024
Localised products key for W&I growth in ‘underserved’ north Asian markets
Domestic carriers in China and Korea could take cues from Japanese players to launch products that serve the needs of local clients.
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- May 9 2024
Red Sea crisis has created new breed of maritime risks: Howden’s Morley
The broker's dedicated war cargo cover, the first for an active conflict zone, has seen significant response from Asian cargo owners and manufacturers, associate director Ellis Morley tells IAN.
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- May 8 2024
Asian insurers bracing for a soft market cycle as competition revs up
Increasing capacity and a relatively benign cat loss environment are driving down primary market rates across business lines and markets in the region.
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- May 6 2024
Local expertise and investors key to Hong Kong’s cat bond hub ambitions
Rising climate risks in the greater China region highlight Hong Kong's potential as an ILS hub, but an informed pool of investors and professional services ecosystems are important to grow the market further.
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- May 3 2024
Canterbury earthquake lawsuit going to appeals court may weigh on EQC reinsurance renewals
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.
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- April 30 2024
Changing nature of cyber risks in Asia drives need for cover
Ransomware, extortion, political actors and AI make businesses in the region more vulnerable, while regulations are helping with fuelling insurance demand.
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- April 29 2024
‘Sushi terrorism’ puts reputational risk insurance in Japan centre stage
Reputation management was once little more than an afterthought for many companies, outsourced to crisis communication teams, however, the rise of social media is changing perceptions.
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- April 25 2024
Dali general average claims will bring new pressures for the market: TT Club
With parts of the Francis Scott Key Bridge falling onto the vessel, those who are part of GA agreement will shoulder some liability for the costs of their removal, which is likely to add to the significant losses.
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- April 24 2024
Insurers face headwinds from pace of regulatory changes: Zurich’s APAC CRO
Regulatory changes aside, the insurer's regional head of risk Siddhartha Medappa names macroeconomic risks, climate change, cyber and infectious disease as top risks facing businesses in the region.
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- April 22 2024
MGA-led capacity set to enter APAC upstream energy market
Further capacity from both new underwriting agencies and existing carriers that have set up new ESG vehicles is expected to enter the energy market this year, according to the latest analysis by WTW.
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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
- Analysis
- Cat Bond
- China
- China Re
- Insurance Authority of Hong Kong
- Peak Re
- PICC Property and Casualty
- PICC Re
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.
