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chinas-insurers-see-33-1-surge-in-claims-in-first-half-of-2024

China's insurers see 33.1% surge in claims costs in first half of 2024

August 12 2024

Key figures from the regulator reveal a notable rise in assets, but a rise in claims and benefits paid amid a series of floods this year.

japan-p-and-i-club-reports-lowest-level-of-claims-in-five-years

Japan P&I Club reports lowest level of claims in five years

August 9 2024

Claims fell in 2023 but a challenging global macro and geopolitical outlook means the association raised member premiums in 2024.

Zurich’s Asia Pacific business logs higher operating profit for 1H 2024

August 9 2024

The Swiss insurance company recorded a US$260m operating profit for its APAC business, up 9% compared to the same period last year.

China Life overtakes Ping An as largest Asia-Pacific insurer by market cap

August 1 2024

Japanese insurers saw significant market cap growth despite regulatory scrutiny and scandals over the last 12 months.

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Japan's big 3 non-life insurers see FY23 profits surge despite year of probes and controversies

July 11 2024

Reduced cat losses, overseas performance contribute to profit results, but GIA Chairman says changes are needed on industry fundamentals.

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.

Korean insurers to prioritise CSM-friendly products to help drive profitability: Fitch

June 26 2024

Profits to stabilise following full implementation of IFRS 17, so insurers likely to prioritise protection-type and long-term products.

Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch

June 21 2024

Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.

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.

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.

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