Property

Korean Re lands first-time 'A1’ IFS rating from Moody’s

May 21 2025

The reinsurer posted a high Korea Insurance Capital Standards (K-ICS) ratio at 191.7% in 2024, indicating sufficient capacity to handle unexpected losses.

malaysias-insurance-industry-growth-to-slow-for-third-consecutive-year-globaldata

Malaysia’s general insurance industry growth to slow for third consecutive year: GlobalData

May 20 2025

The organisation expects Malaysia’s insurance sector to post 6.6% growth in 2025.

Beijing hailstorm triggers 28,200 insurance claims: Report

May 20 2025

Estimates put insurance losses from the storm at 193m yuan (US$26.8m) so far.

ping-an-pampcs-maintains-motor-profitability-amid-nev-growth-shift

Ping An P&C maintains motor profitability amid NEV growth shift: AM Best

May 20 2025

Ratings affirmed as insurer reports a rebound in earnings.

Japan non-life outlook steady on regulatory oversight, fire insurance gains: AM Best

May 16 2025

The ratings agency also warns that Japan’s motor insurance segment faces ongoing profitability challenges.

Cyclone reinsurance pool cuts premiums in high-risk areas by up to 39% in Australia: ARPC

May 15 2025

Australian Reinsurance Pool Corporation's latest assessment says cyclone pool is boosting insurer willingness to cover cyclone-prone areas.

AXA XL continues India buildout with five appointments, including Saumitra Sharma as CUO

May 14 2025

Saurabh Bhootara also joined as Underwriter, Priya Manchanda as Claims Specialist, Vinod Kumar as Assistant Underwriter, and Akash Jain as Underwriting Assistant.