Total revenue down 1.7% YoY, while HSBC tops new business charts for Q3 and first nine months of the year.
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 risks.
Gallagher Re report shows APAC GWP reached US$1.7 trillion in 2022 — dominated by motor, but low overall insurance penetration highlights region's growth potential.
Marsh's Global Insurance Market Index shows that D&O in the Pacific fell by over 15% for some insureds, as capacity and competition increased.
India's burgeoning middle class emerges as most willing to pay for cyber across emerging Asian markets, with mental health also a rising concern.
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.