AM Best's population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023, a five-year high, driven mainly by a turnaround in unrealised losses from the previous year and strong underwriting performance.
Asia Pacific's insurance industry shows robust growth potential, particularly in accident and health, cyber insurance, and electric vehicle (EV) coverage, despite challenges, says global reinsurance broker, Gallagher Re.
Toa Reinsurance Co has made efforts to improve its profitability, says S&P Global Ratings in a recent report titled "Asia-Pacific Reinsurance Sector Update - Improvements Are Underway".
Niva Bupa Health Insurance Company is launching an initial public offer comprising a fresh issue of equity...
The Insurance Authority (IA) is enhancing its Guideline on Cyber Security by developing a Cyber Resilience...
Australia's climate has warmed by an average of 1.51 ± 0.23 °C since national records began in 1910. Sea surface temperatures have increased by an...