Pricing in the APAC reinsurance market in 2024 is stable due to adequate capacity, reversing from the hard market conditions of 2023, which were characterised by price increases and tighter renewal terms, says Fitch Ratings.
Asia Pacific insurers are reducing their exposure to equity or credit risks, while increasing capital allocations to diversified business growth, says Mr Frank Yuen, VP senior credit officer at Moody's Ratings.
National Reinsurance Corporation's (Nat Re) strong business growth in non-property lines during 2023, mainly driven by the acquisition of foreign agriculture treaties, is viewed to support business diversification; however, effective underwriting risk management remains crucial, says AM Best.
CEOs in the insurance sector are confident about their company's growth prospects over the next three years...
PasarPolis, a Southeast Asian full-stack InsurTech, has announced a major expansion of its strategic...
The Guangdong Financial Regulatory Bureau has issued a circular stating that it was carrying out a probe on the illegal sales of insurance products...
Life insurers posted a 14% year-on-year growth in new business premiums to INR350.2bn ($4.2bn) in the month of September, primarily driven by a surge...
Price Forbes Singapore has appointed Ms Cassaundra Tan as director of employee benefits. In her new role, she will lead the development and expansion...
Specialist Risk Group (SRG) has expanded into APAC, and appointed Mr Chua Eng Leong as a non-executive director of its new subsidiary based in...
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