Data from China's regulator shows P&C premiums grew 6.73% YoY, led by 17.31% rise in Agri; Life & Health grows 10.25%, including 12.75% increase in Life segment.
Ishikawa Prefecture worst hit with over 20,000 claims, as Japanese government estimates total damage from quake between ¥1.1- ¥2.6 trillion (US$7.5-US$17.7bn).
AU$202m (US$133m) of industry losses estimated from Jasper and AU$541m (US$357m) from Christmas/New Year storms, as QLD prepares for another cyclone to make landfall this week.
Estimated losses are small compared to 2011's Great East Japan Earthquake, with Fitch echoing announcements from Moody's and AM Best that the credit impact on non-life insurers should be manageable.
Rates, climate risks, and technology highlight a transformative year as Asian markets, notably China and India, draw global attention for (re)insurance growth.
