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Japanese insurers balancing ESG pressures: Fitch
June 20 2024
ESG efforts catching up with overseas peers, but scrutiny remains because of country's renewable energy dilemma.
Philippines' GI market to grow 9.5% annually through 2028, forecasts GlobalData
June 19 2024
Construction activity, rising vehicle sales, and increasing nat cat losses among key growth drivers.
Japan's major non-life insurers report profit surge for FY2024
June 19 2024
Profits double, while net premiums rise, driven by strong overseas performance and yen depreciation.
Major Japanese life insurers see rise in premiums and core business profits in FY 2024
June 19 2024
FSA data shows increased premium and net income for FY24, driven by higher single premium insurance sales and rising domestic interest rates.
Chinese insurers facing profitability risks from property investments: Moody's
June 17 2024
Moody's warns of material risks, particularly in alternative investments where risk exposure is unclear even to insurers.
GIAJ: Noto Peninsula Earthquake claims rise to ¥90.9bn (US$578.02m)
June 13 2024
Approx. 145k of 150k residential claims have been investigated, with 69% of claims paid.
Rapid growth in MGA premiums warrant enhanced oversight: AM Best
June 4 2024
AM Best calls for heightened oversight amid rapid growth of MGAs and increased private equity involvement.
Hong Kong's direct GI underwriting profits up 61.8% in Q1
June 3 2024
HK's direct general insurance segment sees underwriting profits rise to HK$625m (US$80m), but property line sees doubling of gross claims paid.
India faces growing backlog of 1m motor insurance claims valued at nearly US$10bn
May 28 2024
RTI query uncovers over 1 million pending motor accident claims worth 805bn rupees (US$9.68bn).
GIAJ reports US$214m in insurance payouts for Hyogo April hail event
May 27 2024
Association reports swift response from industry with an estimated 99.7% of 92,424 claims already settled.
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