Pool expected to achieve 100% coverage by year's end, but despite positive impact, external pressures appear to be widening Australia's protection gap.
Sia Partners benchmark of digital motor and property journeys reveals Australia at top, Hong Kong and Singapore duking it out mid-table, while China has significant potential for improvement.
Allianz Singapore's ratings affirmed, with expectations of continued market growth despite the recent halt of the group's US$1.6bn acquisition of a stake in Income Insurance.
The captive has raised its net retention limit on non-marine business, but underwriting profitability remains steady due to low loss ratios within existing lines.
