Non-life

Korean insurers face IFRS 17 pressure from interest rate cuts

October 14 2024

Recent interest rate reduction by Bank of Korea could impact insurers' profitability.

Improved capital levels prompt AM Best GIC Re ratings upgrade

October 14 2024

GIC Re's improved capitalisation and investment returns lead to an upgrade by AM Best, despite ongoing unprofitable underwriting performance.

nfra-sets-course-to-make-shanghai-a-leading-global-shipping-insurance-hub

NFRA publishes new guidelines in bid to make Shanghai a leading global shipping insurance hub

October 14 2024

Regulator issues set of guiding opinions, highlighting importance of synergy between primary carriers and reinsurers.

china-taiping-sees-strong-life-new-business-growth-in-1h-2024-sampp

China Taiping sees strong life new business growth in 1H 2024: S&P

October 12 2024

Group’s life insurance subsidiary saw an 83.6% year-on-year growth in new business value, driven by product reforms and channel diversification.

india-considers-seed-funding-for-domestic-shipping-insurance-entity-amid-regulatory-hurdles-report

India considers seed funding for domestic P&I entity amid regulatory hurdles - report

October 12 2024

The proposed entity would initially offer insurance for coastal and river vessels, which are not covered by the international P&I framework.

qbe-unifies-australia-pacific-workers-compensation-aamph-teams

QBE unifies Australia Pacific Workers Compensation and A&H teams

October 12 2024

The new Head of People Risk team will be led by Anthony D’Oca.

samsung-fire-andp-marines-ratings-affirms-with-growing-online-motor-business-supporting-profitability

Samsung Fire & Marine's ratings affirmed with growing online motor business supporting profitability

October 11 2024

AM Best spotlights stable underwriting performance and robust investment of SFM, while subsidiary PT Asuransi Samsung Tugu sees 28.3% five-year average COR.

Insurers able to access PBOC’s US$70bn swap facility

October 11 2024

RMB500bn swap facility, announced Thursday, will allow insurers to use holdings as collateral for high-liquidity assets.

osl-secures-1bn-of-digital-asset-cover-from-canopius

OSL secures US$1bn of digital asset cover from Canopius

October 11 2024

Paragon and Capstone Insurance Brokers help facilitate HKEX-listed OSL's landmark insurance deal.

Aon elevates Emma Crookes to Global Insurance Vertical Leader

October 11 2024

Crookes joins Aon's global leadership, tasked with integrating insurance vertical across diverse segments and regions.

Lower cyber loss severity in Asia, but region seeing a noticeable uptick in incidents: Allianz

October 11 2024

Asian firms face rising cyber threats despite lower loss severity, as Allianz warns of increasing incidents and evolving regulatory landscape.

Nick Lee returns to Berkley Re Australia after 13 years in the UK

October 11 2024

Lee joins from London-based firm Gen Re, where he most recently worked as Casualty Facultative Manager.

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