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Financial lines and liability claims in the Asia Pacific region are increasing in size and frequency as regulators step up their activities, introduce tougher environmental and consumer protection...
State-owned insurer PT Jasa Raharja (Persero) has estimated that it would have to pay compensation totalling IDR8.9bn ($585,200) to beneficiaries of victims of...
S&P Global Ratings expects solid underwriting results and associated returns across Australia's P&C insurance industry in 2019, reflecting recent rate hardening across many lines...
Composite insurance pricing in Asia continued to decline in the first quarter of 2018 - with casualty pricing decreasing by an average of 2.7% - according to Marsh's Global Insurance Market Index...
India's National Disaster Management Agency (NDMA) has announced plans to build a national disaster database by 2020, that will provide information such as economic losses, number of people affected...
China plans to make environmental pollution liability insurance compulsory for companies that fall under eight business...
Industry risk is assessed as "low" for China's P&C insurance and "intermediate" for the life insurance sector, according to S&P Global Ratings. The international rating agency earlier this...
Severe weather conditions throughout August caused fatalities and destroyed thousands of hectares of crops and numerous homes in China. Much of the heavy economic losses of over US$2 billion was uninsured. Severe summer drought conditions, which began in June, intensified across parts of northern China...
Reinsurance demand has increased over the past 18 months, with the cession ratio across the global P&C sector registering a small rise for the first time in several years. This trend is expected to continue for the remainder of 2016, according to Aon's Reinsurance Market Outlook report September 2016 edition released in Monte Carlo...
