Korean Re gets S&P ratings upgrade on stable profitability and growth outlook
S&P cited Korean Re’s strong underwriting results and enhanced capital adequacy under K-IFRS 17 as contributing factors.
Global trade and geopolitical risks ‘manageable’ for Taiwan’s P&C insurers says S&P
The sector saw underwriting profits stabilise in 2024, with combined ratios returning to pre-pandemic norms.
Cyclone Alfred: S&P predicts insurance losses could top A$2bn
Path and strength of cyclone remain uncertain, but insurance industry is well placed to weather loss of A$2bn (US$1.25bn), rating agency says.
Rate hikes, tighter underwriting helping Australian insurers manage disability income losses
Life insurers expected to maintain profitability despite rise in claims and regulatory changes, says S&P.
Asia Pacific corporates could be underreporting cyber incidents
Cyber risk is potentially higher in Asia Pac than other regions but a lack of disclosure requirements makes this difficult to monitor, says S&P Global Ratings
Real estate poses ‘moderate’ risk to Asia Pac insurers’ portfolios
Chinese insurers have limited property exposures and attentions turns to Japanese lifers US commercial real estate holdings.
Asia-Pacific reinsurance beginning to stablise following COVID impact: S&P
APAC reinsurers seeing rising premium rates, adequate capital buffers, and improved investment returns — but still face risks, including costlier retrocession and heightened market volatility.
Singapore’s ‘Domestic Systematically Important Insurers’ framework will enhance resilience and market confidence: S&P
S&P Global believes the benefits of the D-SIIs framework, which takes effect from 2024, ,will outweigh the costs.
S&P upgrades global reinsurance outlook to stable following combined ratio improvement
Despite economic turbulence and sector-wide risks, S&P Global Ratings has improved the sector’s outlook, from negative, attributing the upgrade to underwriting performance and strategic pricing.
Chinese insurers safe from property market contagion — for now
Major Chinese insurers are unlikely to face a crisis due to the country’s falling property market, however the extent of exposure for smaller and privately backed players is unclear.
APAC ranks second for cyber insurance growth; reinsurance key to profitability: S&P
The global cyber insurance market is expected to reach $23bn by 2025, but will require a high degree of market collaboration to maintain healthy profit margins.
S&P: China’s severe weather events expected to increase demand for Nat Cat insurance
Beijing experienced its worst rainfall for 140 years and S&P Global Ratings warned P&C insurers to anticipate increased demand amidst an underwriting hit.