Accident & health and property losses weigh heavily on Hong Kong's GI market in the first nine months of 2023, culminating in a HK$1.4 billion underwriting shortfall year-on-year.
Global marine premiums rise to US$35.8bn amid China's ascent in shipping tonnage, though Asia's growth lags due to weaker currencies and economic headwinds.
McKinsey report highlights opportunities for growth in Asia's P&C insurance market — including digitalisation, the SME sector, adapting to electric vehicle adoption, and evolving climate and cyber...
The Insurance Authority's release of audited statistics confirms sharp increase in underwriting profit in 2022, despite modest growth of 3.11% in gross premiums.
Nearly 70% of Asian insurers plan to adapt their strategic asset allocation due to changes in risk-based capital regimes, according to a BlackRock report.
An Allianz Commercial report shows that new installations of offshore wind power capacity reached nearly 9GW globally in 2022, with China leading the market; however, the increasing size of wind farms...
