The Chinese non-life insurance market is likely to sustain healthy solvency strength and to resume positive business growth in 2022, says Fitch Ratings which has a 'Neutral' outlook for the sector.
The Capital Market Authority (CMA) has announced the launch of six digital services to facilitate the delivery of services to insurance policyholders, investors and other stakeholders.
Half or 50% of consumers have bought insurance through the Internet, according to the "2021 China Internet Insurance Consumer Insights Report".
The general insurance industry is expected to expand this year and next, with growth next year forecast to outstrip this year's, according to General Insurance Association of Indonesia (AAUI), basing its predictions on current economic growth.
Nearly 60% (59%) of Malaysian motorists still do not have adequate protection against flood damage, according to a finding by Zurich Malaysia in its "Impact of Pandemic on Protection" survey.
Almost three-quarters of drivers in Vientiane routinely break speed limits and nearly a third of evening motorists drive under the influence of alcohol, new research on the country's growing road crash problem shows.
Motor insurance rates across the UAE have continued to decline which could further increase loss ratios in the motor books in the future, notes Badri Management Consultancy, a Middle East actuarial consulting firm.
The Supreme Court has rejected a request from insurance companies for more time to develop a mobile application for use nationwide by victims of road accidents, police, motor accident claims tribunals and insurance companies for the speedy settlement of compensation claims.
Global reinsurance giant Swiss Re has entered into a partnership with Chinese tech giant Baidu to provide risk management expertise and innovative insurance products for Baidu's autonomous driving business.
Motor insurance premium rates are set to increase next year for several reasons, according to industry executives.