Data insight

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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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.

globaldata-forecasts-9-5-annual-growth-for-philippines-gi-market-through-2028

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.

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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.

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