Prolonged El Niño weather cycle likely to lead to decreased insurance losses in Australia, but weather cycle brings a host of economic concerns including fire damage, fluctuating crop yields, water shortages,...
Singapore's top ten largest reinsurers saw underwriting profits more than double in 2022 as they tightened underwriting terms and lowered losses, amid economic and catastrophe-induced volatility.
The Insurance Authority and the Hong Kong Science and Technology Parks Corporation launch Open API Framework to stimulate innovation and promote cross-sector collaboration.
Blue Cross Insurance, a subsidiary of AIA Group Limited, earns financial strength rating of 'A', thanks to strong balance sheet and operating performance.
Evergrande Life Insurance's business, assets, and liabilities are transferred to new, state-owned entity, Haigang Life Insurance, in a move widely seen as being part of liquidation efforts.
Fitch Ratings affirms 'A+' rating for PICC Life Insurance, attributing it to the company's growth, solvency, and strong ownership ties with China's Ministry of Finance.
Despite the increasing frequency of extreme weather events, insurance coverage for Nat Cats remains low at around 10% of economic losses, posing challenges for insurers and highlighting the need for proactive...
