Subject: Claims Page 23 / 49
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- September 26 2022
Exclusive: Korean carriers DB, Samsung and Hyundai on the hook for Posco’s huge typhoon claims
DB Insurance provided the largest coverage to the steelmaker with around 17% exposure of the risk pool.
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- September 23 2022
Market braces for Nanmadol loss creep
Secondary perils could play a major role after mid-single digit billion loss estimates.
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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 20 2022
‘Solid’ premium growth to offset claims’ inflation for New Zealand P&C carriers: S&P
The market's average combined ratio to remain in the 87-90% range over the next three years.
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- September 19 2022
Strong Taiwan earthquake triggers widespread infrastructure damage
Buildings, railway lines and bridges have all been impacted in the epicentre, Taitung county.
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- September 19 2022
‘Violent’ Typhoon Nanmadol causes havoc across Japan
The third-strongest typhoon to make landfall since records began is moving northeast raising flood warning in Tokyo.
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- September 16 2022
New Zealand on course for record extreme weather claims after US$26m July hit
Total claims at the end of July were US$147m, compared to US$195m in the whole of 2021, according to the ICNZ.
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- September 13 2022
Eastern Australian floods insured losses reach US$4.33bn: Perils
The figure is around US$960m higher than the data specialist's last analysis, making it the costliest cat loss event in the country ever.
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- September 13 2022
Allianz Trade promotes two execs to APAC roles
Malgorzata Cybulska-Dusson joins as regional head of claims & collection and Amol Zambre as regional head of information & grading.
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- September 12 2022
Losses mount from nat cats in Korea, Pakistan, China and India
An earthquake, a typhoon and two serious flooding events are triggering a large volume of claims.
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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 9 2022
Lloyd’s Asia posts 25% H1 growth but COR deteriorates
Marine and cargo premiums grew for the first time in three years, but the region took a hit from Australian floods.
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- September 7 2022
MS Amlin boosts APAC underwriting and claims with five Singapore hires
Alex Wang, Jason Tan, Srinath Iyer, Kris Gwee and Joash Tan have all joined the team.
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- September 7 2022
Supply squeeze pushing up Asia nat cat treaty pricing
After TMK and Axis Re exits, hardening market drives cedants to alternatives such as ILS, parametric or structured solutions.
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- September 6 2022
Rising litigation funding drives higher claims costs in Australia
Social inflation remains far harder to predict than economic inflation.
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- September 5 2022
Canopius snaps up Zurich’s Megan Shao to head APAC claims
Shao is based in Singapore and joins following the specialty (re)insurer's strategic restructure.
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- September 5 2022
Toa Re’s NWP grew 5% on strong overseas business in 2021: AM Best
The Japanese reinsurer's underwriting was impacted by nat cat losses and 'extraordinary' incidents, but its financial rating remains 'excellent'.
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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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- September 1 2022
Australian east coast flood losses hit US$3.61bn: ICA
The government launches new body to improve nat cat responses as annual disaster costs expected at US$50bn by 2060.
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- August 29 2022
‘Unprecedented’ Pakistan flooding triggers US$10bn damage
Large P&C carriers such as Adamjee Insurance and United Insurance could see significant claims.
