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APAC property insurance GWP to exceed US$150bn in 2028: GlobalData

July 22 2024

The projected 10.8% compound annual growth rate for the region is expected to outpace the 8.1% CAGR projected for the global market.

indian-health-insurance-industry-to-surpass-us23bn-by-2028-forecasts-globaldata

Indian health insurance segment to surpass US$23bn by 2028, forecasts GlobalData

July 18 2024

Health insurance GWP set to grow at a 12.8% CAGR, driven by regulatory changes, digitalisation, and increased healthcare awareness.

Annual insurance patents for clean energy and carbon capture doubles since 2014: GlobalData

July 17 2024

The insurance industry's move towards net-zero is evident in the rise of published patents.

Steadfast and AUB enter AM Best’s top 20 global insurance brokers

July 15 2024

The two Australian brokers debut in 17th and 18th by revenue in 2024 rankings, while Gallagher leapfrogs WTW into third.

South Korea's insurers see capital adequacy ratios fall 8.6pp in Q1 2024

July 13 2024

Market and op risks have seen required capital to rise in Q1.

price-fixing-controversies-fail-to-hinder-profit-surge-for-japans-non-life-insurers

Japan's big 3 non-life insurers see FY23 profits surge despite year of probes and controversies

July 11 2024

Reduced cat losses, overseas performance contribute to profit results, but GIA Chairman says changes are needed on industry fundamentals.

Stability returns to Australian property segment in 1/7 renewals

July 9 2024

Benign catastrophe losses over the previous 12 months meant flat, or even reduced pricing, for Antipodean insurers.

Howden cuts global cyber insurance market growth estimate

July 5 2024

Global cyber insurance market growth stalled in 2023 as US premiums saw their first ever decline, but opportunities exist in Asia Pac’s underserved SME sector.

Japan P&I Club records net surplus of US$43m in FY23, boosts reserves by 28.9%

July 1 2024

Reduction in underwriting expenses and spike in investment income offset the decrease in net premium and increase in net claims.

China’s motor insurance segment to hit US$150bn by 2028: GlobalData

June 25 2024

5.4% annual GWP growth forecasted, but regulatory premium cap restricts smaller insurers in EV market.

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