GI – (Re)in Asia

GI

Stability returns to Australian property segment in 1/7 renewals

July 9 2024

Benign catastrophe losses over the previous 12 months meant flat, or even reduced pricing, for Antipodean insurers.

indian-insurers-reduce-exposure-to-government-backed-crop-insurance-scheme-in-fy24-report

Indian insurers reduced participation in government-backed crop scheme in FY24 - report

July 8 2024

Government's push to expand coverage for farmers faces hurdles with GWP declining 4.17% in FY24.

Suncorp's FY25 reinsurance renewal bumps main cat limit, axes QLD quota share

July 5 2024

Cost of program expected to be broadly in line with FY24 renewal.

MAPFRE RE strengthens China presence with approval of onshore branch

July 5 2024

MAPFRE RE gains regulatory approval for Beijing branch, as reinsurer looks to strengthen its presence and diversify its portfolio in the country.

Korean insurers urged to explore data exchange opportunities

July 5 2024

Korea Insurance Research Institute advises insurers to leverage data exchange and AI to overcome growth stagnation.

Japan FTC to issue cease-and-desists to non-life insurers for premium collusion - report

July 5 2024

Fair Trade Commission found four major insurers engaged in unfair trade practices, but has decided not to impose fines.

Howden cuts global cyber insurance market growth estimate

July 5 2024

Global cyber insurance market growth stalled in 2023 as US premiums saw their first ever decline, but opportunities exist in Asia Pac’s underserved SME sector.

asx-listed-sequoia-financial-group-sells-insurance-broking-businesses-to-wib-corporate

ASX-listed Sequoia Financial Group sells general insurance broking businesses to WIB Corporate

July 4 2024

WIB Corporate, owned by former Steadfast director Cameron Bott, acquires two brokerages in a deal valued at up to AU$5m (US$3.35m).

HKIA and HKFI welcome consultation on re-domiciliation regime

July 4 2024

Hong Kong's new legislative proposals aim to streamline re-domiciliation process for overseas businesses.

fitch-affirms-kb-insurance-indonesias-ratings-with-insurer-eyeing-motor-growth

Fitch Affirms KB Insurance Indonesia's ratings as insurer eyes motor growth

July 4 2024

'AA-(idn)' ratings upheld by Fitch, reflecting strong financial performance and strategic alignment with its South Korean parent company.

fitch-withdraws-ratings-of-malaysias-pacific-amp-orient

Fitch withdraws Pacific & Orient's rating with insurer opting out of rating process

July 3 2024

Insurer had seen combined ratio increase to 133% in FY2023.

coalition-ceo-most-of-the-pandc-industry-focused-on-byproducts-of-last-industrial-revolution

Coalition CEO: Most of the P&C industry focused on byproducts of last industrial revolution

July 3 2024

Josh Motta argues traditional methods fail to address modern risks and said the future of cyber is "active" insurance.

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