COR increased to 103% in 2023 due primarily to rise in motor loss ratio, but support of Agricultural Bank of China and strong capital position underscore ratings affirmation.
Some customers in higher risk areas are starting to see premium savings, but hard reinsurance market and rising nat cat events mean benefits are less apparent.
Part of its Corporate Care Income Protection, Zurich says the benefit is a country-first, and provides financial support for conditions such as ectopic pregnancy, pre-term birth, and menopause.
Global premiums rose by 7.6% in 2023, but Ilias Tsakiris underlined importance of excellence in underwriting as marine insurers face evolving, global challenges.
