Japan’s loss-free property cat programmes fell 15% to 17.5% risk-adjusted, with double-digit declines reported in India, the Philippines, and South Korea.
The new rules will trim IP rider prices by about 30% on average, but insurers still face mounting pressure to manage claims and risk‑pool shifts in a high‑inflation environment.
Growth is also being supported by digital distribution, product innovation and underwriting discipline, despite pressure from rising vehicle prices, weaker purchasing power and weather-related losses.
