An AM Best report shows financial market turbulence and an upswing in interest rates caused a historical decline in traditional reinsurance capital, while large Nat Cat losses led to reinsurers moving...
AM Best's latest global reinsurance rankings saw China Re slip two places when measured by life and non-life GWP, while the Asia region's combined ratio continues to hover above 100%.
The Insurance Regulatory and Development Authority of India has chosen 15 foreign-linked firms to lead the way in India's adoption of IFRS 17, as part of efforts to attract foreign investment.
The FSC has eased upcoming risk-based capital rules, giving respite to the struggling insurance sector already burdened by surging FX hedging costs, due to rising US interest rates.