Insurers and consumers in New South Wales are set to benefit from the reform, with estimates of potential premium reductions up to 15% for home owners and up to 23% for businesses.
Improved profitability, fueled by returning demand from mainland Chinese customers, and strong solvency ratio cement FT Life's ratings, despite uptick in risky assets.
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...
A-Star provides up to £/$/€ 80m in additional capacity to protect directors, officers, and insured individuals against liabilities not indemnified by their company.
China's life market is poised to reach CNY5.6 trillion (US$893bn), driven by economic recovery and the needs of its ageing population, according to GlobalData.
GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.
Newman will assume his new position in Jan 2024, following a successful tenure in APAC in which he oversaw a fivefold increase in revenue for the region.
