South Korea’s P&C profits under pressure as social distancing eases
September 2 2021 by Nick Ferguson
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Hyundai Insurance’s FY24 underwriting income slumps 22% to US$245m
- February 21
Commercial business' underwriting income more than doubles, while long-term lines grow by 247.6%.
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DB Insurance underwriting profit up 4.5% to US$1.1bn
- February 21
Underwriting profit went up only because of the commercial line performance that saw a US$71m profit compared with US$85m loss last year.
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Samsung Fire & Marine’s expects ‘no impact’ on profits, capital after rejig: report
- February 21
Samsung Life is seeking to make the South Korean non-life insurer its subsidiary and clarified that it has no plans to expand its holdings.
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Seoul Guarantee scales down IPO valuation by 39% to US$1.5bn: reports
- February 17
Korean surety and credit insurer reduces its expected offer price range to US$18-22 per share from US$27-36.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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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 | Is it time to relook at 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.
