GIC Re announced a gross premium income of INR442.38bn ($6.34bn) for the year ended 31 March 2019 at a company board meeting yesterday. This marked 6% growth from the previous…
Read More
Asia has a huge need for better infrastructure — and long-term insurance funds could play an important role in financing it, but only with the support of regulators and policymakers….
Areas in Beijing suffered from extreme weather, including hail and strong winds, from 17 May to 20 May causing losses of millions of yuan. Article by Asia Insurance Review
Premiums in Asia ex-Japan grew just 2.3% in 2018, under-performing global economic growth for only the second time since the turn of the millennium. Even ageing Japan grew faster. As…
Around 9.4m general insurance policies, or nearly one in five (19.1%), were subject to review in the 12 months to March 2019, according to a report by market research firm…
Pacific Life Re has appointed Chan Keng Hong to the role of head of Greater China, which includes China, Hong Kong, Macau and Taiwan. He was former head of life…
An IRDAI working group has recommended the standardisation and simplification of fire insurance covers for homes, offices, commercial establishments and micro, small and medium enterprises. Article by Asia Insurance Review
Taiwan’s Financial Supervisory Commission (FSC) is set to toughen regulations on Taiwanese life insurers from the second half of this year to improve their financial abilities and risk profiles. Insurers…
Insurers are adapting to new terrorism attack methodologies in order to protect properties, employees, and balance sheets, as terrorism risk has evolved in recent years, says Marsh, the world’s leading…
Non-life insurance companies in South Korea are looking to hiking car insurance premiums on the back of deterioration in the loss ratio. This will be the second increase in motor…