China has taken a rare move to shore up its five state-owned insurance groups. It's pumping a total of $10.4bn (CNY70bn) of capital into these groups to fortify the sector.
The priorities of China's non-life insurers are increasingly shifting toward sustainable profitability and operational efficiency, supported by accelerated digitalisation and innovation, according toe Mr James Chan, Director, Analytics, at AM Best.
A proposed capital injection from China's Ministry of Finance and proactive capital management at the subsidiary level will likely shore up PICC Group's capital headroom, said S&P Global Ratings (S&P). Meanwhile, the insurance group's ongoing efforts to tighten underwriting and investment risk controls could help safeguard underlying earnings.
Urtrust Insurance Co is expected to maintain its underwriting advantage in the new-energy vehicle (NEV) segment through close partnerships with manufacturers and improved pricing capabilities driven by richer operational data, said Fitch Ratings.
Solar-related structural fires now account for a quarter of structural fires, revealing a growing risk linked to home solar installations, according to Fire Force, a fire response partnership between Discovery Insure and private firefighting and rescue service, Fire Ops SA.
The fire insurance branch has faced challenges for many years related to high and frequent losses, which require concerted efforts to improve pricing mechanisms and technical evaluation, said Dr Tarek Seif, Vice Chairman of the Financial Regulatory Authority.
The number of claims lodged with insurance companies across all branches stood at 993,194 in the first half of this year, 4.1% higher than the 954,299 submitted in 1H2025, according to data from the General Insurance Committee (CGA).
In recent years, extreme precipitation associated with linear rainbands has triggered large-scale flooding and landslides, leading to more severe and costly loss events in Japan. Events such as the widespread heavy rainfall experienced during Japan's 2023 summer rainy season have demonstrated the significant losses that extreme precipitation can cause.
As the reinsurance market enters the upcoming renewal season against the backdrop of an increasingly interconnected and rapidly changing risk landscape, clients need support in in identifying evolving exposures and risk accumulations through data and analytics, underwriting expertise and tailored solutions to manage this complex environment.
In collaboration with the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), Suncorp has developed a new industry-standard training and certification training programme to better support home claims suppliers and subcontractors in maintaining compliance.