NEMA welcomes new members to HIP group, which was originally formed to help tackle insurance affordability and resilience in response to natural hazards.
AM Best's APAC reinsurance composite shows combined ratio improved from 94.5% in 2022 to 91.6% in 2023, off the back of favourable earnings and absence of major cat events.
Low attachment points mean losses unlikely to impact domestic carrier's capital, with reinsurance appetite for regional nat cat risks to be tested at 1/1 renewals.
