News Non-Life

South Korea: Motor insurers jump on new school-zone rule

South Korea: Motor insurers jump on new school-zone rule

Samsung, Hyundai, Meritz and several other general insurers are taking advantage of new safety regulations in school zones to offset their deteriorating profits caused by low interest rates and the coronavirus pandemic.

03 Apr 2020

China: Korean insurance venture posts stable interest income

China: Korean insurance venture posts stable interest income

LIG Insurance (China), a wholly-owned subsidiary of Korean insurer KB Insurance, has generated positive net profits consistently over the past five years, notes AM Best. Stable interest income, derived from a highly conservative...

02 Apr 2020

Japan: Motor insurance business expected to stay flat over next 4 years - GlobalData

Japan: Motor insurance business expected to stay flat over next 4 years - GlobalData

Motor insurance, which is a dominant business line in the Japanese general insurance market, is tipped to stagnate over the next four years due to premium rate cuts, a weak business environment and the COVID-19 pandemic, says GlobalData, a data...

01 Apr 2020

New Zealand: Insurance body launches revised Fair Insurance Code

New Zealand: Insurance body launches revised Fair Insurance Code

The Insurance Council of New Zealand (ICNZ) yesterday launched its revised Fair Insurance Code which encourages good conduct and professionalism in the insurance industry and describes how the relationship between insurers and their...

01 Apr 2020

New Zealand: Tower sues quake insurer for US$48m restoration costs

New Zealand: Tower sues quake insurer for US$48m restoration costs

AIR team | 31 Mar 2020

Macau: Local unit of Taiping Insurance improves capital position

Macau: Local unit of Taiping Insurance improves capital position

29 Mar 2020

Japan: General insurers study Nat CAT responses

Japan: General insurers study Nat CAT responses

26 Mar 2020

Australia: Proportion of the young who drive is falling

Australia: Proportion of the young who drive is falling

26 Mar 2020

Past Articles

Indonesia: Ship hull business expected to be hit by decision reversal

Indonesia: Ship hull business expected to be hit by decision reversal

India: Businesses & government form umbrella body to fight climate change

India: Businesses & government form umbrella body to fight climate change

Singapore: General insurance market sees underwriting loss in 2019

Singapore: General insurance market sees underwriting loss in 2019

China: CPIC sees 54% jump in net profit for 2019

China: CPIC sees 54% jump in net profit for 2019

Japan: Modest growth expected of insurance M&A deals

Japan: Modest growth expected of insurance M&A deals

Australia: PERILS to provide motor exposure & loss data

Australia: PERILS to provide motor exposure & loss data

Hong Kong: General insurance underwriting gains nearly doubles in 2019 despite social unrest

Hong Kong: General insurance underwriting gains nearly doubles in 2019 despite social unrest

Australia: Bank-owned insurers forecast to offer most significant M&A opportunity

Australia: Bank-owned insurers forecast to offer most significant M&A opportunity

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