In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
HK's Fire Department received 31,111 fire calls in 2022 and the new product aims to help protect residents with cost-effective premiums and a streamlined process.
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.
