Global premiums rose by 7.6% in 2023, but Ilias Tsakiris underlined importance of excellence in underwriting as marine insurers face evolving, global challenges.
AM Best maintains 'Stable' outlook for non-life market, spotlighting prospects for motor and health, which are balanced by economic and underwriting challenges.
Watchdog reviewed products from 12 Hong Kong carriers, noting 40% premium differences and potential coverage gaps, while calling for more diversified products.
