Business type

globaldata-chinas-gi-industry-on-track-for-us361bn-of-gwp-by-2028

Motor will continue to drive China's GI industry to US$361bn GWP in 2028

December 21 2023

GlobalData predicts 7.4% CAGR over five years for China's general insurance market, driven by economic recovery and regulatory reforms.

Growth in offshore wind presents new risks

December 21 2023

Offshore wind is seen as a crucial part of renewable energy transition, but rapid growth and changing tech create emerging risks for insurers.

Hong Kong insurance complaints fall 10% in first nine months of 2023

December 21 2023

Insurance Authority data shows a 10% decrease in overall complaints for the first nine months of 2023, though there was a slight increase in conduct-related cases.

AXA XL appoints Sumner as Chief Claims Officer and Louis as COO for APAC and Europe regions

December 21 2023

Julijana Sumner (pictured left) and Sandhya Louis (pictured right) have both been with AXA XL since 2012.

loss-in-chinas-gansu-earthquake-estimated-at-1-7m-nafr

China’s Gansu earthquake losses estimated at $1.7m so far: NFRA

December 20 2023

131 dead, 155 thousand homes damaged or destroyed in China's deadliest earthquake in nine years.

sp-insurers-well-placed-to-meet-cyclone-jasper-and-ongoing-queensland-floods-claims

S&P: Insurers well placed to meet Cyclone Jasper and Queensland floods claims

December 20 2023

Claims low due to regional demographics, but coverage by reinsurance pool likely to be limited due to time limitations.

Economic recovery and demographic shifts to fuel Australia's life industry to pre-pandemic levels

December 20 2023

GlobalData projects segment to grow to AU$44.7bn (US$30.4bn) by 2028.

IAIC releases China's first ESG disclosure guidelines for insurers

December 20 2023

Insurance Association of China introduces guidelines to improve transparency in line with country's broader ESG goals.

japan-ftc-continues-price-fixing-investigation-of-four-major-insurers-with-on-site-inspections

Japan FTC conducts on-site inspections of major insurers in ongoing price-fixing probe

December 20 2023

Tokio Marine, Sompo, Mitsui Sumitomo, and Aioi Nissay Dowa confirm inspections and are cooperating with the Japan Fair Trade Commission

am-best-maintains-stable-outlook-for-malaysias-non-life-market-amid-ongoing-economic-recovery

Stable outlook for Malaysia’s non-life market amid increased motor and property competition

December 19 2023

AM Best maintains stable outlook with improving economic conditions and low insurance penetration balancing nat cat and hard market conditions.

fitch-ratings-affirms-ratings-of-aia-group-amid-36-vnb-increase-in-9m-2023

Fitch affirms ratings of AIA Group amid 36% VNB increase in 9M 2023

December 19 2023

'Very Strong' IFS and IDR ratings affirmed, with pan-Asia Pac insurer seeing significant new business growth, backed by strong investment strategy.

Mitsui Sumitomo Insurance developing space tourism coverage: report

December 19 2023

Japanese insurer working with partners to target growing suborbital flights industry.

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