Samsung Fire’s stable underwriting, low COR to help maintain market leadership: AM Best
October 11 2024 by InsuranceAsia News-
NZ fire levy increase revised downwards amid funding review
- September 20
The levy hiked to 12.8% in July and Fire and Emergency New Zealand (FENZ) was set for an additional 5.2% increase to 2029. However, the government has revised the percentage to 2.2%.
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South Korean government pushes ahead with EV battery certification scheme: report
- August 26
Set to launch in October, the certification scheme seeks to alleviate growing public concerns about lethal fires caused by EV lithium batteries, as insurers are reviewing their existing motor policies to gauge the potential losses in their books.
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Korea may ask EV makers to declare battery suppliers as car fire claims pile up: report
- August 12
Insurers have received 600 motor claims from a fire sparked by a Mercedes EV on August 1, forcing the government to consider regulatory changes including battery reliability certification.
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Japanese insurers to raise fire insurance premiums from October: report
- August 8
The big four plans to corporate premiums by up to 15% because of deteriorating profitability in their fire insurance line.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | The hunt for diversification and performance revitalizes appetite for Asian currency bonds
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
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PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.