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Jun 2021



China: General insurers to show weak underwriting results this year

Chinese non-life insurers’ overall underwriting margin will remain weak in 2021 despite the recovery of economic activity, says Fitch Ratings.

India: COVID-19 claims accelerate

Non-life insurers are seeing a sharp spike in claims, in the wake of higher COVID-19 infection rates in the country, a situation that could impact their balance sheets if the trend continues.

Indonesia: Life premiums jump by 25% in 1Q

Life insurance business in Indonesia has begun to improve, as is indicated by significant growth in the sector in the first three months of this year.

South Korea: Weakening profitability cited as reason for foreign FIs withdrawing from market

Falling profits and rising costs, as well as strict regulations, have been cited as the main reasons for foreign financial institutions, including insurers and banks, leaving South Korea.


Taiwan drought highlights water stress as growing environmental risk

Taiwan’s extended drought indicates how water stress and changing precipitation patterns could emerge as financial risks and the stark choice governments may have to make in rationing water between households and industry according to a new report by Fitch Ratings.

Climate transition pathways established to help move to low-carbon economy

Willis Towers Watson (WTW) has launched Climate Transition Pathways (CTP), an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identify which organisations have robust transition plans aligned to the Paris Agreement. The new framework will also support their role as stewards in the transition to a low-carbon economy.