GI: Personal

Tokio Marine & Nichido's ratings affirmed as rate adjustments improve COR

February 22 2024

Fitch expects nat cat premium rate adjustments to bolster underwriting profitability in the coming years.

ICA backs Australian plan to bring in climate disclosure standards by 2027

February 22 2024

Australian emissions disclosure plans would see standards implemented ahead of other Asia Pacific developed economies such as Hong Kong and Singapore.

irdai-proposes-new-collateral-requirements-for-cross-border-reinsurance-deals

Indian cedents likely to face new collateral requirements for cross-border reinsurance transactions

February 22 2024

IRDAI issues draft guidelines mandating new collateral requirements from FY 2025-26.

Western Australia braces for ex-tropical cyclone Lincoln's return

February 21 2024

The cyclone is set to reintensify, after previously causing extensive rainfall in the NT, and is part of a series of weather challenges facing Australia.

zurich-malaysia-taking-proactive-action-to-enhance-climate-strategy-report

Zurich Malaysia CEO outlines proactive approach to climate strategy - report

February 21 2024

Junior Cho spoke about some proactive steps insurer is taking amid increasing climate-related disclosures requirements.

chinas-non-listed-pc-and-life-insurers-see-contrasting-results-in-2023

China's non-listed insurers see large losses amid mixed results in 2023

February 21 2024

Life segment's US$1.97bn losses contrast with P&C's US$659m profits, though only 35% of P&C insurers achieve COR below 100%.

sp-global-affirms-rating-for-chubb-insurance-japan-as-combined-ratio-strengthens

S&P Global affirms rating for Chubb Japan as combined ratio strengthens

February 20 2024

'AA-' rating and stable outlook upheld, as S&P spotlights importance to Chubb group and improving underwriting results.

Australian Competition Tribunal approves ANZ's acquisition of Suncorp's banking business

February 20 2024

Tribunal overturns ACCC's decision, paving way for AU$4.9bn (US$3.2bn) acquisition, with Group CEO commenting the move will significantly strengthen Suncorp's ability to meet evolving insurance needs.

APRA introduces standardised terminology for large exposure reporting

February 19 2024

Standardised counterparty and exposure description lists aim to improve data quality and comparability.

India's Policybazaar eyes reinsurance market following licence upgrade

February 19 2024

In-principle approval for Composite Insurance Broker license signals a strategic move into reinsurance.

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