The blaze that broke out at a hotel construction project in Hong Kong's Tsimshatsui shopping and raged ov...
Insurance industry grows by 3.8% in Jan 2023
The premium income of the mainland Chinese insurance industry stood at CNY1.02tn ($149bn) in the first month of this year, representing a year-on-year increase of 3.8%, according to...
The premium income of the mainland Chinese insurance industry stood at CNY1.02tn ($149bn) in the first month of this year, representing a year-on-year increase of 3.8%, according to...
Article / 2 days ago
ZhongAn posts losses in 2022, hit by weak investment gains
ZhongAn Online P&C Insurance, China's first Internet-based insurance company, fell back into red ink in 2022, reporting a net loss attributable to owners of the parent company of CNY1.36bn...
ZhongAn Online P&C Insurance, China's first Internet-based insurance company, fell back into red ink in 2022, reporting a net loss attributable to owners of the parent company of CNY1.36bn...
Article / 2 days ago
Singapore: Insurance market expands GWP by 15% in 2022
Singapore's general insurance sector recorded positive results for both the offshore and domestic segments with a combined 15% increase in GWP to S$9.34bn ($7bn) in 2022...
Singapore's general insurance sector recorded positive results for both the offshore and domestic segments with a combined 15% increase in GWP to S$9.34bn ($7bn) in 2022...
Article / 2 days ago
India: Insurers link fire insurance premium rates to claims record
For the first time, many non-life insurance companies have decided to link the pricing of fire insurance policies to the claims experience....
For the first time, many non-life insurance companies have decided to link the pricing of fire insurance policies to the claims experience....
Article / 5 days ago
Taiwan: Nan Shan General Insurance's COVID-related loss seen as one-off event
Nan Shan General Insurance reported a significant net loss of NT$1.3bn ($42.4m) for the as of the end of September 2022, notes AM Best...
Nan Shan General Insurance reported a significant net loss of NT$1.3bn ($42.4m) for the as of the end of September 2022, notes AM Best...
Article / 5 days ago
Bangladesh: Dollar crisis stalls reinsurance premium payments of over US$100m
About a dozen local privately held insurance companies out of a total 46 have been unable to pay reinsurance premiums worth over $100m to foreign reinsurers due to a lack of foreign currencies...
About a dozen local privately held insurance companies out of a total 46 have been unable to pay reinsurance premiums worth over $100m to foreign reinsurers due to a lack of foreign currencies...
Article / 5 days ago
Indonesia: Preparations in full swing to implement IFRS 17-equivalent accounting standard
The Financial Services Authority (OJK) continues to strengthen the insurance industry by ensuring that industry players are ready to implement the...
The Financial Services Authority (OJK) continues to strengthen the insurance industry by ensuring that industry players are ready to implement the...
Article / 6 days ago
SCOR expected to turn around financial results on management action
Management actions will likely return the French global reinsurance group SCOR to underwriting and overall profitability in 2023 while...
Management actions will likely return the French global reinsurance group SCOR to underwriting and overall profitability in 2023 while...
Article / 11 days ago
India: Report advocates public liability insurance
Public liability insurance, though complicated, is worth pursuing for India's economic and industrial development, according to Mr N Rangachary, the first chairman of IRDAI....
Public liability insurance, though complicated, is worth pursuing for India's economic and industrial development, according to Mr N Rangachary, the first chairman of IRDAI....
Article / 12 days ago
Nepal: Insurance market abuzz with M&A activity
A number of merger agreements have been signed in both the life and non-life insurance sectors in the last one year, with M&A activity intensifying...
A number of merger agreements have been signed in both the life and non-life insurance sectors in the last one year, with M&A activity intensifying...
Article / 12 days ago
