Subject: P&C Page 57 / 73
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- November 2 2021
Shinhan Financial buys Korea’s BNP Paribas Cardif GI
The move would give Shinhan a full general insurance license.
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- November 2 2021
Cover fine print key for Asia’s eager travelers
Travel insurance will need to be a far more nuanced offering post-pandemic.
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- October 26 2021
Weak motor profits to impact China’s P&C players beyond 2021
Pricing pressure from regulatory reforms could prompt some smaller insurers to exit the business line completely.
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- October 26 2021
Hong Kong’s brokers urged to plan renewals early amid hard market
CIB event told that property risk models can fail to estimate the true scale of losses.
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- October 26 2021
China Life P&C sees 4.5% premium growth in H1 2021: Moody’s
The insurer continued to record underwriting losses partly due to the performance of its motor business.
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- October 19 2021
Hong Kong digital insurer Avo raises HK$260m
The digital insurer recorded gross written premiums of HK$1m in 2020.
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- October 19 2021
Thailand’s insurers ‘wake up’ to digital amid muted growth
Local expert tells IAN the industry needs to embrace change post-pandemic.
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- October 15 2021
IAG brought to Federal Court by ASIC over discounts
Regulator alleges a subsidiary engaged in misleading conduct over discounts for personal policies involving around A$60m.
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- October 14 2021
South Asia digital P&C personal premiums to hit US$7.5bn: Swiss Re
Report says the figure will be reached within five years with digital penetration currently 1-2%.
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- October 8 2021
Luen Fung Hang Insurance remains Macau’s second largest non-life player
The company’s net combined ratio improved to 61% from 67% in 2020 according to AM Best.
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- October 7 2021
Vietnam’s BIDV Insurance saw 13% GWP growth in 2020: AM Best
The insurer's combined ratio has averaged around 98% over the past five years.
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- October 7 2021
HDI boosts professional lines with two senior underwriters
Alexandra Fox-Slater and Luke Southwell join the specialty player from Chubb and Zurich, respectively.
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 6 2021
Mega Insurance posts ‘satisfactory’ underwriting performance: Fitch
The insurer has slashed its credit insurance portfolio -- which has resulted in outsized losses for Indonesia's P&C players.
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- October 6 2021
Hong Kong insurance density hits new record
Premiums in the city reached HK$78k per person despite 5.5% economic contraction.
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- October 5 2021
Japan’s SMEs see rise in corporate risks: GIAJ
General Insurance Association of Japan survey highlights a low level of consciousness among small-and-medium-sized enterprises.
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- October 4 2021
Tokio Marine backs out of thermal coal mining projects
Japan's top three P&C insurers had already stopped underwriting new coal power projects.
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- September 29 2021
HDI Global appoints Asean claims head
Singapore-based Raymond Ong joins the industrial lines insurer from Willis Towers Watson.
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- September 28 2021
MS Amlin acquisitions doubles MS&AD’s overseas business
The (re)insurer posted a US$380m underwriting loss due to Covid-related BI and event cancellation claims.
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- September 27 2021
Munich Re appoints head of casualty treaty in Asia
Michaela Hannemann will be based in Singapore and be responsible for Japan, India, South Korea and SE Asia.
