Rates/premiums

howden-ceo-predicts-commercial-insurance-rates-will-flatten-this-year-report

Howden CEO says commercial rates should flatten this year - report

February 19 2024

In an interview with the FT, David Howden predicts increase in (re)insurance capacity and end to a 25-quarter hard market.

singapore-life-insurance-sector-sees-strong-end-to-2023-despite-annual-dip

Singapore life sector sees strong end to 2023 despite annual dip

February 16 2024

Amid macroeconomic challenges, Singapore's life industry ends 2023 on a high, with 14.4% growth in weighted new business premiums in Q4.

Insurance industry calls for Beijing engagement to help curb Red Sea attacks

February 15 2024

China and Hong Kong may be enjoying preferential insurance pricing, but supply chain risk is still a danger.

Skuld issues notice of cancellation for Red Sea War Risk cover

February 14 2024

Skuld announces cancellation of certain war risks after it received notice of cancellations from reinsurers.

japanese-property-insurers-to-maintain-gwp-growth-and-stable-loss-ratio-amid-earthquake-risks-globaldata

Japanese property insurers to maintain GWP growth and profitability amid earthquake risks: GlobalData

February 13 2024

Segment likely to remain stable, supported by government backing, reinsurance risk management, and rate adjustments.

samsung-fire-marine-latest-insurer-to-reduce-motor-rates-amid-rising-cost-of-living

Samsung Fire & Marine follows other Korean insurers by reducing motor rates amid rising cost of living pressures

February 7 2024

Heeding call from the government, Samsung F&M spearheads 2.8% cut, with industry peers having already cut between 2.5% to 2.6%

Pacific property insurance rates stall after rising for 26 quarters

February 7 2024

Marsh says that there is now increased competition among insurers offering capacity in this market segment.

total-premium-income-for-chinese-market-reaches-5-trillion-yuan-in-2023-nafr

Total premium income for Chinese market reaches 5 trillion yuan in 2023: NFRA

January 31 2024

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.

South Korean insurers launch 'limited edition' products - report

January 24 2024

Time-sensitive life and health policies, aimed at pre-empting rate hikes due to the experience life table, has attracted regulatory attention.

hong-kongs-life-sector-forecast-to-return-to-pre-pandemic-levels-by-2027

Hong Kong's Life segment forecast to return to pre-pandemic levels by 2027

January 18 2024

GlobalData forecasts 4.1% CAGR over the next five years, with the SAR experiencing an economic recovery post COVID-19.

australian-motor-insurance-market-to-grow-to-us23-9bn-by-2028

Australian Motor Insurance segment to grow to AU$35.1bn by 2028

January 17 2024

GlobalData estimates CAGR of 9.9%, fueled by vehicle sales and growth of EVs.

reinsurance-capital-returning-to-pre-pandemic-levels-after-strong-rebound-in-2023-am-best

Reinsurance capital returning to pre-pandemic levels following strong rebound in 2023: AM Best

January 9 2024

Hard market, avoidance of major property losses, and gains from higher interest rates contribute to 2023 rebound.

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