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