JBA Risk Management has launched an enhanced version of its India crop catastrophe model, expanding coverage and validation to better reflect the realities of India’s crop insurance market.
The Japanese insurer has told the Financial Services Agency that it has ended practices that risked distorting sales, including recruitment support for agents.
Ratings agency added that rising capital levels and stable investment income are sustaining strong capacity, driving competition, and fueling continued rate softening across APAC markets.
Policy-driven disruptions and geopolitical shifts require fundamental changes to traditional risk assessment approaches, say industry experts, and will require insurers to “get good” at pricing policy-driven...
