News
Oneglobal broking gets new Hong Kong executive
Oneglobal broking gets new Hong Kong executive
He will oversee the growth and development of Hong Kong and China businesses.
Climate change impacts wind turbine infrastructure, insurers advised
A 10% decline in wind speed can result in over a 30% reduction in output.
Prudential’s share buyback programme could narrow capital buffer
The buyback accounts for 11.2% of Prudential's 2023 reported shareholders' equity,
Japan’s life insurers face moderate credit risk
Thanks to their notable allocation to fixed-income investments.
ICA gives two thumbs up to new building code decision
Enhancing home resilience against weather could save an estimated $4b yearly.
GST Council reviews reinsurance, co-insurance tax status
An 18% tax is usually levied on any supply of service.
Taikang Life to maintain strong market position, profitability
As of end-March, its comprehensive and core solvency ratios improved to 276% and 165%.
QBE's profitability rises with underwriting improvements
Moody’s is also optimistic about the insurer’s premium pricing trends.
Why insurers have a $10t role in mobilising the climate transition
Howden and BCG said insurance premiums are projected to rise by 50% by 2030.
Chinese insurers retrieve 18,400 claims for rain damages
Total claimed loss amounted to ~$86.9m.
HKIA slams broker with fines for poor handling
It also fined a licensed technical representative $910.
Lockton Singapore appoints new COO
She will oversee administration, compliance, claims, marketing, and IT.
ISF co-funds parametric solution for remote Indian state
Nagaland faces high levels of disaster and climate-related impacts.
Australian Reinsurance Pool reviews cyclone pool rates for 2025
The 2024 premium rate review aims to ensure that rates align with the objectives.
Income Insurance faces CreditWatch by S&P Global
S&P Global aims to resolve the CreditWatch status within the next 90 days.
Prudential unveils $2b share buyback plan
It expects its 2024 annual dividend to grow in the range of 7% to 9%.
Why global cyber insurance market will remain stable in the next 12 months
Geopolitics and AI are ongoing risks that could potentially impact profitability.
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Industry experts push for the rapid progress of unified customer data as a starting point.
