With a thriving economy, increasing demand for nat-cat coverage, and support from government initiatives, the general insurance sector in the Philippines is poised to hit GWP of US$3.7bn by 2027.
Property pricing witnessed risk-adjusted rate increases, casualty faced pressure due to prior-year losses and economic factors, while the cat bond market experienced record highs in issuance and total...
The Australian Government introduced the AU$10bn (US$6.7bn) cyclone and flood damage reinsurance pool in July 2022 to help insurance companies manage NatCat risks.
The government's efforts to promote motor insurance awareness and ongoing infrastructure projects present both opportunities and challenges for insurers operating in the dynamic Thai market.
The Swiss Re Institute identified NatCat, agri, health, and mortality as four key perils - with the protection gap widening to US$1.8 trillion globally.
