GlobalData expects the sector to grow at a CAGR of 5.2% over the next five years, driven by “heightened private expenditure and enhanced investment activities.”
Marsh, Zurich whitepaper outline three-part plan to expand cyber coverage by strengthening resilience, quantifying cat risks, and increasing public-private partnerships.
GI Code Governance Committee looks to enhance monitoring, enforcement methods on issues like claims handling practices, cash settlements, and under-reporting.
Direct general insurance segment records HK$739.3m (US$94m) Q2 profit, driven by strong result in general liability, according to provisional data from the IA.
The industry has faced an economic downturn and been embroiled in scandals, but steady growth should be supported by inflation and nat cat protection appetite.
