Govt agencies act to improve agricultural insurance operations

...risk zoning computations....

Taiwan: CTBC Insurance improves technical results as it tightens underwriting control

...risk management (ERM)....

19 winners take centrestage at 11th Middle East Insurance Industry Awards

...Risk Manager of the Year and Ms Lina Hantas of Westfield Specialty (ME) received Woman Leader of the Year. Mr Mohammed Al Meraj of Bahrain National Insurance Company earned Young Leader of the Year f...

Indonesia: Financial regulator to combat health insurance costs

...risk management. ...

China: Zking P&C cuts riskier guarantee insurance business

...risk. The rating also considers the 'Moderate' company profile, with ownership linkage to the Jiangsu provincial government in China....

Australia: Senate committee sets out proposals to deal with climate-driven insurance unaffordability

Hong Kong, Macau: AIA's medical plan introduces first-in-market rewards system

...risks early and optimise physical, mental, and metabolic health. A key feature is the "Health Wallet", a first-i...

Turkiye: Milli Re's ratings upgraded on improved balance sheet strength

...risk management....

Singapore: Acclaim Insurance Brokers on prestigious Enterprise 50 Award list for 2nd time

...risk management and insurance solutions. "This award is a testament to our team's dedication," said founder and executive chairman Mr Anthony Lim....

China: Motor insurers and car owners beset by unlicensed coverage pools

...risks involved. Each subscriber...

Japan: Nippon Life's rating outlook assessed as positive on rebound in underwriting profitability

...risky assets ratio was 141% at FYE24, higher than most peers, as it maintains a large exposure to domestic equities. Nippon Life has smaller exposure to US commercial real estate than its Japanese pe...

Geographical diversification stands Arabia Insurance in good stead amidst Lebanon's challenges

...risk management (ERM)....

South Korea: NongHyup P&C Insurance's underwriting operations to remain backed by CSM base

...risk management. The ratings also reflect the implicit and explicit support the company receives from its ultimate parent, National Agricultural Cooperative Federation (NACF)....

UAE: Insurance market expected to expand by up to 8% this year

...risk management services, insurance and access to the global market....

Two-thirds of insurance agents believe AI will have huge impact on sales

...Risk Management and Insurance Research Centre of Peking University HSBC Business School and the Insurance Consulting Research and Development Centre of the Insurance Marketing Group on 20 November....

China Reinsurance Group generates profits consistently

...risk management. The ratings also reflect the support China Re receives from its ultimate parent, China Investment Corporation, the sovereign wealth fund of the Chinese government....

Regulator tightens regulation of financial reinsurance

...risk management tool that helps some companies to improve their solvency adequacy ratio over the short term. However, there are  risks involved, with the size of the risk exposure dependent on t...

NFRA chief says insurance industry should accelerate shift from pursuing scale to focussing on value

...risk concepts....

China: Regulator outlines efforts to promote Hong Kong's international financial status

...risk management centre. ...

UN-led forum launches first-of-its-kind global roadmap for insurers in transition to net zero

...risks and opportunities....

GIG Jordan's credit ratings upgraded

...risk management (ERM). The ratings also factor in enhancement from GIG Jordan's parent company,...

GCC: Solidarity Bahrain acquires 29% stake in UAE insurer

...risk management. Alliance’s balance sheet strength is underpinned by its risk-adjusted ca...

Gen Re expected to maintain solid operating performance

...risk management. These positive rating attributes were enhanced further as a result of Gen Re being a wholly-owned subsidiary of Berkshire Hathaway, providing additional financial flexibility and inv...

Malaysia: Labuan Re's underwriting performance improves in recent years

...risk management (ERM)....

India: Increasing insurance penetration rate can lead to annual savings of US$10bn, says report

...risks are significant challenges hindering the industry’s performance. Additionally, limited financial literacy and suboptimal advisory services have exacerbated concerns about mis-selling,&rdq...

Kuwait: Gulf Insurance Group posts 3.3% increase in net profits for first 3 quarters

...risks thanks to diversified revenue sources and ability to preserve stakeholders’ benefits and protect their rights.”...

Insurers combat scammers who exploit freight-loss insurance in online commerce

...Risk management measures...

Investment volatility expected to continue to affect ZhongAn's operating results

...risk management....

Deposit Insurance Fund takes stake in insurer from troubled shareholder

...risk....

Proposal raised for investment advisors to offer services in individual pension system

...risk control....

Regulator urges insurers and other financial institutions to improve elderly-friendly products and services

...risk prevention services....

Ghana: Public-private partnership delivers parametric risk transfer solutions for urban flooding

...risk management capabilities to build resilience....

Egypt: Life insurers instructed to check credit status of applicants

...risk management standards in underwriting individual insurance operations....

Australia: Insurance and other sectors to feel impact of mandatory climate disclosure

...risk management, and metrics and targets....

Japan: Increasing regulatory oversight of private credit exposure is credit positive

...risk management regulatory filings from insurers.  ...

Asia: Sun Life survey reveals hidden financial and mental health impacts of Type 2 diabetes

...risk factors, treatment, and prevention. The survey included 100 people in each of the six markets currently living with Type 2 diabetes....

Nigeria: Fed government to promote financial inclusion through insurance

...risk management programmes for smallholder farmers...

Australia: QBE's ratings outlook turns 'Positive' on improving financial performance

...risk volatility to ease following recent reserve transactions, which reinsured up to $3.5bn of long-tail reserves in its North American and international businesses. QBE's reported net profit dou...

New Zealand: Life market increases operational efficiencies in wake of tech investments

...risk....

Australia: Suncorp to spend US$368m on "Digital Insurer" Policy Transformation programme

...risk controls.“...

South Korea: KB Insurance's long-term line profitability to continue to be supported by CSM balance

...risk management. The ratings also reflect the support that the company receives from its parent, KB Financial Group (KB Group), and its strategic importance to KB Group....

Reinsurance: SCOR's P&C profitability restored; L&H earnings under pressure

...risk exposures, among other remedial actions....

New Zealand: Outlook for insurance premiums improves as cost pressures for insurers ease

...risk management.  ...

SIRC 2024: Opportunities for reinsurance industry amidst climate challenges

...risk projections. Nat CAT in Asia averaged S$106bn in insured losses annually, while a large protection gap remains - 91% of Asia’s S$65bn economic loss in 2023 was uninsured. Without more deci...

Bahrain: Takaful International maintains strong operating performance

...risk management. Mr Essam Al Ansari, the chief executive of Takaful International, says that the credit rating validates t...

Asia Pacific: Opportunities exist in accident & health, cyber, and electric vehicle insurance

...risk management strategies are essential for insurers to navigate the evolving regulatory landscape....

Japan: Toa Re's underwriting results improve in 2023 fiscal year

...risk, although the performance of overseas business has not been fully successful, in S&P’s view....

Tanzania Reinsurance's RoE ratio exceeds 10% in past 5 years

...risk management....

Premiums at PICC Re forecast to grow by at least 8% in next 2 years

...risk management strategy and gradually introduce industry insights to the parent group and to the Chinese insurance market....

China Re's underwriting results could become more volatile due to weather events

...risk management framework) underpin its dominant market position in China's reinsurance market. This, together with its expanding international footprint through Chaucer Group, supports its overa...