Korean C-suite expects increased profits, independent of significant lift provided by IFRS 17 and despite increased competition and economic uncertainties.
The Monetary Authority of Singapore is encouraging the use of innovative insurance products to address uncertainties and risks involved in financing early retirement of coal-fired power plants.
Generali is consolidating its insurance business units under one division, with experienced executive Giulio Terzariol joining from Allianz SE to lead the new division.
The Insurance Authority's release of audited statistics confirms sharp increase in underwriting profit in 2022, despite modest growth of 3.11% in gross premiums.
