Nat Re's investment income declined in 2022, but the national reinsurer has strong connections with local cedants and the ability to tap into mandatory cessions.
The Lab focuses on attracting capital to mitigate climate change risks and addressing poverty and is supported by prominent CEOs and Chairs from renowned institutions.
In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
HK's Fire Department received 31,111 fire calls in 2022 and the new product aims to help protect residents with cost-effective premiums and a streamlined process.
Four insurance companies will be penalised for breaching regulations in sale of insurance products through banks, with further investigations planned for 2023.
