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Property & Casualty tag returned 1090 results

  • AIG appoints Christian Sandric President & CEO, Singapore

    AIG has announced the appointment of Christian Sandric as President and Chief Executive Officer, Singapore which will take effect in April 2019. Mr. Sandric will report to Sachin N. Shah, Chief Executive Officer, Asia Pacific, AIG General Insurance, and will be based in Singapore.

    Agents | 18 Mar 2019
  • Saudi Arabia: Insurers await law change regarding minimum capital

    The insurance market in Saudi Arabia is potentially facing a major shake-up as a new draft insurance law has proposed raising the minimum level of capital insurers need to hold to SAR500m ($133.3m), international ratings agency Moody's has said. The current minimum capital is SAR100m.

    Middle East | 18 Mar 2019
  • Lebanon: Insurance market posts marginal premium growth

    The insurance sector achieved growth of 3% during 2018, with the gross written premium reaching around $1.7bn, according to the Minister of Economy and Trade, Mr Mansour Bteich.

    Middle East | 18 Mar 2019
  • GCC: Competition & regulatory changes will push consolidation among insurers

    Intense competition is the main concern among insurers in the GCC countries, according to Moody's 2019 annual survey of the chief financial officers (CFOs) of 12 leading GCC insurers. In the poll, over 40% of respondents cited intense competition as the sector's main challenge.

    Middle East | 18 Mar 2019
  • Hong Kong: General insurers see turnaround in underwriting results

    The general insurance market in Hong Kong saw underwriting performance turn from a loss of HK$792m ($101m) in 2017 to a profit of HK$583m in 2018, according to provisional statistics released last week by the Insurance Authority.

    Asia | 18 Mar 2019
  • European storm Eberhard expected to cost insurers over $1.16bn

    AIR Worldwide, a catastrophe risk modeling firm, estimates European winter storm Eberhard to have caused between EUR900m ($1.16bn) and EUR1.5bn of insured losses due to wind. A majority of these losses are expected to be in Germany.

    Latest News | 15 Mar 2019
  • Regulator approves capital supplementary bond issues by 4 insurers

    The CBIRC has approved the issue of capital supplementary bonds by four insurance companies, namely, China Life Insurance, Ping An Property Insurance, Pearl River Life Insurance and Aeon Life Insurance.

    China | 15 Mar 2019
  • Regulator issues rules governing insurers' management of intermediaries

    The CBIRC has issued regulations for the management of intermediary channels of insurance companies, as the regulator aims to strengthen supervision, prevent systemic financial risks, and set a bottom line for risk prevention and control.

    China | 15 Mar 2019
  • Online insurers face 121% surge in complaints but overall market sees 5% fall

    The CBIRC's "2018 Insurance Consumer Complaints Report", released in connection with the annual Consumer Rights Day which falls today, shows that it received a total of 88,454 insurance consumer complaints last year involving insurance companies, down 5% year-on-year. However, the number of complaints against online insurers more than doubled.

    China | 15 Mar 2019
  • Japan: Sompo Japan Nipponkoa offers insurance gift service

    Japanese messaging app company Line Corporation and Sompo Japan Nipponkoa Insurance have started a service enabling people to gift insurance products to acquaintances and others with the Line free messaging app on their smartphones.

    Asia | 15 Mar 2019


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