As Cyclone Jasper brews off the North Quensland coast, ACCC releases report saying premiums in North WA, North QLD, and NT went up 4%, 7%, and 13% receptively this year.
Despite heightened challenges — including climate risk and social inflation — AM Best's report suggests a stable, yet cautious global reinsurance market with opportunities for increased margins.
Fitch affirms PT Tugu Reasuransi Indonesia's National IFS Rating at 'A+(idn)', but notes volatility from its property and credit insurance segments — which have seen COR rise to 106% in the first nine...
Insurance Council of Australia's Andrew Hall delivered an impassioned speech on the country's protection gap — urging short-term tax reform alongside other medium and long-term recommendations.
GIC Re sees rating outlook upgraded to positive and a National Scale Rating designation of 'aaa.IN' (Exceptional), reflecting enhanced financial stability and enterprise risk management.
More expertise, communication, trust, and transactions are needed - but Shanghai's international reinsurance trading platform opens up opportunities for global (re)insurers.
