P&C insurance
The global insurance market projects a 4.5% CAGR increase by 2027
Demand for car and travel insurance is increasing, amidst mandatory coverage.
The global insurance market projects a 4.5% CAGR increase by 2027
Demand for car and travel insurance is increasing, amidst mandatory coverage.
Noto earthquake saw $480m claims paid – GIAJ
Total claim payments received were 81,544.
Vietnam's general insurance to hit $3.9b by 2028
Motor insurance holds the third-largest share in 2023’s GWP.
Taiwan's non-life insurers unlikely to see big quake claims – AM Best
Some insurers could benefit from robust parental financial support, as mandated by regulations.
Taiwan’s property insurance to spike after 7.4 quake spurs millions in losses
Taiwan's general insurance industry's profitability isn't likely to be significantly affected.
Canopius reels in new CEO for APAC, MENA
Soon Keen Lee is expected to join Canopius before the end of Q2’24.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
Markel expands into Australia with specialised coverages
The new professional indemnity products cover six professional areas.
Insurers brace for record Baltimore bridge claims
The Singapore-flagged container ship Dali was initially bound for Sri Lanka.
DB Insurance to keep competitive spot in Korea’s market – S&P Global
DBI's assessment could be dragged if its consolidated capital position deteriorates significantly.
Japan P&C faces investor caution despite positive outlook
Jefferies anticipates a quicker unwinding of equity cross-holdings.
Ping An P&C's favourable business profile in China's insurance market – AM Best
AM Best assessed Ping An P&C to have a favourable business profile.
Philippines doubles third-party liability insurance coverage
The insurer will also cover other incidental expenses not included in bodily injury or death indemnities.
Japan's P&C sector surges with focus on profitability and international expansion
Positive trends drive Japanese insurers towards growth, bolstered by rate revisions and strategic initiatives, a Jefferies report said.
Commercial property insurance to see 10.4% CAGR by 2028
Persistent economic climate significantly influences insurers' underwriting practices and pricing strategies.
Surge in demand for cyber, marine, cargo, and property insurance in SG and Malaysia
Success in both markets relies heavily on how they’ll navigate uncertainties.
APAC a major driver of mobile phone insurance market’s CAGR by 2028
Growing phone theft incidents also contribute to market growth, as victims seek protection through coverage.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
