Category: Analytics Page 1 / 4
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- April 18 2023
Analytics: Singapore and Hong Kong see underwriting profit, GWP bounce back
While faster premium growth saw the Lion City extend its lead over the regional rival, the SAR insurers' underwriting profits more than doubled in 2022.
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- March 7 2023
Analytics: Underwriting gains spur Australian carriers stung by investment losses
Rate increases helped non-life underwriting profit grow 69.4% in 2022 despite higher claims.
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- January 25 2023
Analytics: Asian economic, BI and cyber worries on the rise in 2023
Higher-than-expected inflation and financial market volatility are among the biggest concerns for insureds in the region.
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- January 11 2023
Analytics: India’s gaping nat cat protection gap offers scope for carriers
Though it is set to be sixth largest P&C market by 2032, 95% of the country's catastrophe losses were uninsured.
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- November 25 2022
Analytics: APAC to drive non-life GWP growth and profitability until 2024
East Asia will perform particularly well despite worsening macroeconomic challenges, says Swiss Re economist.
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- October 25 2022
Analytics: APAC nat cat damage 43% below average for H1
Flooding in Australia/China and an earthquake in Japan accounted for nearly half of these losses.
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- October 3 2022
Analytics: Asian cat losses up 145% since 2017
Models show that (re)insurers should expect even higher losses as exposures rise, according to data provider Verisk.
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- September 22 2022
Analytics: Asia marine premium growth offset by higher claims
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
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- September 12 2022
Analytics: Asia P&C claims continue to outpace price rises
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
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- September 2 2022
Analytics: Inflation and climate change ramp up pressure on APAC reinsurers
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
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- August 18 2022
Underwriting returns elude APAC reinsurers
Average combined ratios have remained above 100% for the last four years, says AM Best.
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- July 27 2022
Fire and liability losses drive APAC claims burden
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
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- June 15 2022
Asia nat cats at lowest level in a decade
Damages in 2022 are just US$4.5bn, with losses from storms at their lowest in 20 years.
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- April 25 2022
Asia’s top P&C insurers grew non-life books by 3.7% in 2021 despite Covid headwinds
Top 10 players booked US$279bn in 2021, according to IAN analysis.
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- March 24 2022
Singapore posts 8% P&C premium growth in 2021
Onshore premiums reached US$2.4bn as the market showed a strong recovery.
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- March 16 2022
Claims dent profits at HK insurers
Axa retained its crown as the city’s biggest general insurer, but the market saw profits fall 19%.
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- March 9 2022
Covid exposure hurting Thai insurers
Exposure to the policies caused several insurers to collapse even before Omicron hit in January.
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- March 2 2022
China P&C grew just 1% in 2021
Covid, motor reforms and a property crisis combined to create worst ever year for sector.
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- February 23 2022
Takaful resilience on display in 2021
Islamic insurance products in Indonesia and Malaysia grew much faster than conventional insurance.
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- February 16 2022
Sri Lankan P&C claims spike 22%
Claims rebounded from a Covid slump in 2020 pushing underwriting profits down.
