AM Best's APAC reinsurance composite shows combined ratio improved from 94.5% in 2022 to 91.6% in 2023, off the back of favourable earnings and absence of major cat events.
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.
