Watchdog reviewed products from 12 Hong Kong carriers, noting 40% premium differences and potential coverage gaps, while calling for more diversified products.
AM Best's APAC reinsurance composite shows combined ratio improved from 94.5% in 2022 to 91.6% in 2023, off the back of favourable earnings and absence of major cat events.
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.
Ratings of Bank of Communications' Hong Kong-based captive remain stable, with moderate revenue growth and strong capitalisation balancing high operating expenses.
