A faster low-carbon shift may disrupt markets whilst delay could deepen damage. Global insured losses from natural catastrophes are expected to keep pressure on the insurance industry unless insurers, regulators…
Read article →The specialist helped secure the company’s licence during the setup phase. Sompo Life Re, Ltd. (Life Re) has established a new Bermuda-domiciled life reinsurance platform, supported by a multi-year service…
Read article →Increased power and battery storage can cause fire and equipment failure. Artificial intelligence (AI)-driven demand could nearly triple global data centre power consumption by 2030, forcing insurers to reassess facilities…
Read article →The group also announced a share buyback programme of $577.55m (€500m). Generali reported a net result surge of 17.9% from $2.48b (€2.15b) to $2.92b (€2.53b), with adjusted net results growing…
Read article →Major groups plan to cut strategic equities to zero within six to seven years. Japan’s major nonlife insurers are accelerating the sale of corporate stakes after regulators linked cross-shareholdings to…
Read article →The survey gathered 107 responses from industry participants. Businesses are expected to increase demand for supply chain insurance as geopolitical tensions disrupt trade routes and day-to-day operations, according to GlobalData.…
Read article →Returns on Hong Kong products could lose some advantage over mainland options. A new 20% personal income tax on offshore insurance policies narrows the yield gap between domestic Chinese and…
Read article →Marine aviation and energy risks face closer scrutiny. Commercial insurance buyers continue to benefit from abundant capacity and strong competition, but geopolitical tensions, claims inflation and more detailed risk assessment…
Read article →Participating products made up 80% of premium volume across its five largest offerings by 30 July. Prudential Plc’s transition away from interest-rate-sensitive savings products in China is providing a strategic…
Read article →Empathy and transparency are becoming competitive advantages. Malaysian insurers are under pressure to simplify customer communications and modernise payment systems as policyholders increasingly compare their insurance experience with digital services…
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