Non-life

Marble Re records COR below 55% in FY 2023: AM Best

October 25 2024

The captive has raised its net retention limit on non-marine business, but underwriting profitability remains steady due to low loss ratios within existing lines.

south-koreas-insurance-industry-to-reach-us180bn-by-2029

South Korea’s insurance industry to hit US$180bn in 2029: GlobalData

October 25 2024

3.4% CAGR estimate driven by country’s ageing population and rising demand in health and retirement coverage.

fm-allocates-us400m-in-resilience-credits-for-client-climate-mitigation-initiatives

FM provides US$400m in 'resilience credits' for client climate mitigation initiatives

October 25 2024

With US$400m allocation this year, FM's resilience credit programme has surpassed US$1bn in total investment.

Pacific financial lines rates drop 14% in Q3 - Marsh

October 25 2024

Region sees the largest global decrease in financial lines and property rates, at 17% and 6% respectively.

pacific-property-rates-see-biggest-fall-globally-in-second-marsh

Asia commercial insurance rates down 4% in third quarter - Marsh

October 25 2024

Composite rates have fallen in every quarter of 2024 so far, according to data from the broker.

Lloyd’s, UNCDF to launch disaster resilience vehicle for Pacific Islands

October 25 2024

This launch aligns with MoU the entities signed in 2023, aiming to leverage insurance programmes to help address the protection gap in the region.

qbe-forms-strategic-partnership-to-strengthen-engineering-presence-in-asia

QBE forms strategic partnership to strengthen engineering capabilities in Asia

October 24 2024

Partnership will provide QBE with access to Eos Rhea Metis's property and engineering expertise, solutions, and tools across the region.

rare-earth-insurance-launches-independent-wholesale-broker-in-shanghai

Rare Earth launches independent wholesale broker in Shanghai

October 24 2024

Intermediary, led by Wang Wei and Mark Gu, becomes the first independent wholesale insurance broker to operate in mainland China.

Rising awareness of cost drives opportunities for AXA XL

October 24 2024

The (re)insurer’s new Asia Specialty Head, Todd Wilhelm, makes innovation in risk solutions a top priority.

OneDegree Group rebrands as AIFT

October 24 2024

Group says name change reflects its commitment to technology, with insurance arms OneDegree and OneInfinity maintaining their names.

IRDAI’s Bima Trinity’s ‘first phase’ nears soft launch - report

October 24 2024

Soft launch of Bima Sugam, the country's digital insurance distribution platform, is expected within the coming months.

China's insurers face pricing challenges as EV insurance demand soars: Moody's

October 24 2024

EV technology offers potential profits for insurers but also brings with it a raft of pricing risks.

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