Property

ARPC’s Cyclone Pool survey highlights 100% satisfactory onboarding

September 24 2024

Survey conducted by ARPC also shows that 75% of insurers had an onboarding process that was either expected or easier than anticipated.

‘Unprecedented’ rainfall hit Japan’s Ishikawa prefecture

September 23 2024

The area is still reeling from the devastation left by a magnitude 7.5 earthquake that took place on New Year’s Day.

NSW passes "tough" new strata reforms

September 23 2024

New rules in Australian state of NSW target conflicts of interest and insurance commissions with higher penalties and disclosure requirements.

Australian Cyclone Reinsurance Pool has brought down cost of insurance: MIT paper

September 19 2024

Premiums decreased by 10% by average, and up to 27% for properties most at risk, the paper found.

India’s National Disaster Management Authority aiming to 'evangelise' use of parametric solutions

September 16 2024

NDMA wants to increase the use of parametric in the country, but warns issues like high premiums may hinder adoption.

Typhoon Yagi's insurance claims top US$500m

September 16 2024

(Re)insurance industry facing losses of hundreds of millions in both China and Vietnam, but economic losses in the billions will far outstrip payouts, highlighting the significant regional protection...

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Hannover Re projects increased retentions at Asia 1/1 renewals

September 13 2024

Reinsurer says it expects generally stable prices and conditions, but Asia regions may see carriers opt for increased retention to manage potential reinsurance rate hikes.