P&C insurance
Taiwan’s property insurance to spike after 7.4 quake spurs millions in losses
Taiwan's general insurance industry's profitability isn't likely to be significantly affected.
Taiwan’s property insurance to spike after 7.4 quake spurs millions in losses
Taiwan's general insurance industry's profitability isn't likely to be significantly affected.
Canopius reels in new CEO for APAC, MENA
Soon Keen Lee is expected to join Canopius before the end of Q2’24.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
Markel expands into Australia with specialised coverages
The new professional indemnity products cover six professional areas.
Insurers brace for record Baltimore bridge claims
The Singapore-flagged container ship Dali was initially bound for Sri Lanka.
DB Insurance to keep competitive spot in Korea’s market – S&P Global
DBI's assessment could be dragged if its consolidated capital position deteriorates significantly.
Japan P&C faces investor caution despite positive outlook
Jefferies anticipates a quicker unwinding of equity cross-holdings.
Ping An P&C's favourable business profile in China's insurance market – AM Best
AM Best assessed Ping An P&C to have a favourable business profile.
Philippines doubles third-party liability insurance coverage
The insurer will also cover other incidental expenses not included in bodily injury or death indemnities.
Japan's P&C sector surges with focus on profitability and international expansion
Positive trends drive Japanese insurers towards growth, bolstered by rate revisions and strategic initiatives, a Jefferies report said.
Commercial property insurance to see 10.4% CAGR by 2028
Persistent economic climate significantly influences insurers' underwriting practices and pricing strategies.
Surge in demand for cyber, marine, cargo, and property insurance in SG and Malaysia
Success in both markets relies heavily on how they’ll navigate uncertainties.
APAC a major driver of mobile phone insurance market’s CAGR by 2028
Growing phone theft incidents also contribute to market growth, as victims seek protection through coverage.
Increased competition expected in Asia's property insurance market: Gallagher Specialty
Singapore dominates the offshore insurance coverage market.
SHKPI's capital buffer expected to rise in extreme scenarios – S&P
The insurer’s modest capital size presents vulnerabilities, assessed S&P Global.
Long-term insurance drives Samsung Fire & Marine’s 2023 profit growth
Revenues climbed 6.9% for the year.
P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company
P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.
Commentary
Intelligent decisioning: The essential element of a modern, customer-centric insurance business
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