Strong winds and rain have halted life in the mega-city, with ports, bridges, and highways closed, along with all flights to and from the city cancelled.
(Re)insurance industry facing losses of hundreds of millions in both China and Vietnam, but economic losses in the billions will far outstrip payouts, highlighting the significant regional protection...
The application of AI can allow benefits including hyper-personalisation of products, but guardrails are key, experts said during an SAP Fioneer webinar.
Low attachment points mean losses unlikely to impact domestic carrier's capital, with reinsurance appetite for regional nat cat risks to be tested at 1/1 renewals.
Reinsurer says it expects generally stable prices and conditions, but Asia regions may see carriers opt for increased retention to manage potential reinsurance rate hikes.
Big three P&C insurers benefit from economies of scale and brand recognition which creates a challenging environment for small and medium size insurers.
