Taiwan's insurance industry stands firm in the aftermath of the Hualien earthquake, with state-backed funds and reinsurance mitigating potential losses.
Pool reaches 95% coverage of eligible risks; however, data quoted by ARPC on premium reductions appears to conflict with findings from the ACCC and ACIL.
MNRB Holdings Berhad sees record-breaking year, with profits soaring to RM428.4m (US$90.34m), as Malaysian Re surpasses RM2.0bn in GWP/GWC for the first time.
On Thursday, the reinsurer provided more detail on its record US$200m net profit for 2023, with Franz-Josef Hahn expressing a positive outlook for 2024.