Engineering business expanded 95.4% year on year during the quarter. SBI General Insurance saw its gross direct premium income (GDPI) jump 10.9% year-on-year to $385.7m (INR35.06b) in the first quarter…
Read article →Coverage can exceed six times the premium under specified conditions. AIA Hong Kong & Macau has launched a participating whole-life insurance plan for high-net-worth (HNW) customers, with features aimed at…
Read article →Patrick Fyson will oversee property underwriting strategy across Asia. Zurich Insurance Company (Singapore) Ltd has appointed two senior executives to its commercial insurance leadership team in the Asia-Pacific region. Patrick…
Read article →The target generated more than $272.2m in gross written premiums last year. Tokio Marine Holdings has agreed to acquire UK-based Direct Commercial Limited for $361.0m (JPY57.3b) through its wholly owned…
Read article →Voluntary auto policies generate nearly half of industry premiums. Japan’s non-life insurance sector is likely to maintain a stable outlook, but rising claims costs continue to put pressure on motor…
Read article →Commercial properties along the main trade route face concentrated damage. Overall insured losses from the recent catastrophic flooding in Nepal are expected to be low compared to total economic losses,…
Read article →First-half profit climbed 32% year on year after a weak first quarter. PICC Property and Casualty faces higher catastrophe losses and continued pricing pressure in parts of its non-motor business,…
Read article →Asia-Pacific accounts for just 10% of worldwide premiums compared with 65% for North America. Artificial intelligence (AI) and insufficient policy limits are becoming key risks for the cyber insurance market…
Read article →Health new business value advanced just 1% during the period. PICC Group faces weaker growth in its life and health businesses and the risk of higher catastrophe losses, even as…
Read article →Tough year-on-year comparisons had already weighed on first-quarter momentum. Jefferies Equities research said some Hong Kong-based hedge funds remain cautious about AIA Group Limited’s Value of New Business (VONB), pointing…
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