Despite some challenges in 2021 and 2022, AM Best awarded Chubb Life NZ's ratings thanks to factors including its diversified distribution approach and prudent underwriting management.
The Australian insurer renewed its 2.5% whole-of-account quota share arrangement with Hannover Re, marking the completion of all four of its reinsurance arrangements with global reinsurers.
With a thriving economy, increasing demand for nat-cat coverage, and support from government initiatives, the general insurance sector in the Philippines is poised to hit GWP of US$3.7bn by 2027.
The partnership aims to analyse the effects of climate change and variability on climate-based peril activity, providing (re)insurers with data to develop forward-thinking underwriting and pricing str...
