The proposed regime would give the FSC broad intervention powers, including contract transfers, third-party takeovers and capital reductions, while excluding reinsurers from its scope.
The headwinds are set to pressure Suncorp's premium growth in H1 2027, with the insurer expecting a stronger second-half performance to offset part of the impact.
Taiwan, South Korea and Malaysia followed with declines of 15%, 13% and 10%, while Japan and Vietnam were the only markets to record increases, according to Marsh.
Moody's expects premium growth to return to a healthy single-digit rate in 2027 as stable bond yields and stronger contractual service margin growth support profitability.
S&P said Peak Re's shift away from property catastrophe risks has improved underwriting performance, though sustainable growth remains critical to the strategy's success.
Ping An P&C’s new energy vehicle insurance premiums climbed 21.2%, faster than the 16.1% it reported for Q1, while total premium income rose 3.5% to 265.22bn yuan (US$39.78bn).
