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Property & Casualty tag returned 1622 results

  • Asia: Region's emerging markets to drive global insurance growth in 2020-21

    Emerging Asia will power global insurance industry growth of around 3% in real terms in each of 2020 and 2021, unchanged from projections for two years out at the same time in 2018, says Swiss Re Institute (SRI) in its latest sigma report released yesterday.

    Asia | 14 Nov 2019
  • Australia: Bushfire losses exceed US$80m so far this year

    Bushfires have cost Australian insurers more than A$120m ($82m) so far this year, and the losses are continuing to mount, according to the Insurance Council of Australia (ICA).

    Asia | 14 Nov 2019
  • Egypt: Insurers aim to close coverage gap by developing 3 areas

    The Insurance Federation of Egypt (IFE) is seeking to implement policies aimed at closing the insurance protection gap, which is estimated at $2.8bn in the Egyptian market, according to Mr Alaa El-Zoheiry, the president of the association.

    Middle East | 13 Nov 2019
  • Growth in motor and casualty in Taiwan

    Taiwan's national reinsurer, Central Reinsurance Corporation (Central Re) was established in 1968 to promote the growth of the domestic insurance sector and remains the only domestic reinsurance company in Taiwan.

    AIRPlus | 13 Nov 2019
  • Saudi Arabia: Oil giant Aramco to launch IPO on 17 Nov

    Saudi Arabian oil giant Aramco has released a preliminary prospectus for its much awaited initial public offering which is the biggest in the world.

    Middle East | 12 Nov 2019
  • Australia: Financial complaints authority releases comparison tool

    The Australian Financial Complaints Authority (AFCA), which marked the first anniversary of its establishment on 1 November, has released a new online tool allowing Australians to see how their insurer, bank, financial adviser, superannuation fund or other financial firm has responded to consumer complaints brought to the Authority.

    Asia | 12 Nov 2019
  • Typhoon Hagibis caused at least $10bn economic loss, says Aon report

    Total economic losses for typhoon Hagibis are expected to exceed $10bn with insured losses minimally in the billions, according to Aon's latest monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events that occurred worldwide during October 2019.

    Asia | 11 Nov 2019
  • Gabon: 3 insurers command 75% of insurance market

    Three insurance companies shared 75% of the market in Gabon in the first half of 2019 during which the turnover stood at FCFA45.73bn ($769m).

    Africa | 11 Nov 2019
  • Australia: 4th bushfire catastrophe announced this year

    The Insurance Council of Australia (ICA) has declared a catastrophe for the tragic bushfires blazing in northern New South Wales, that has so far destroyed more than 150 homes.

    Asia | 11 Nov 2019
  • Saudi Arabia: Tawuniya profits cross US$60m in Jan-Sep

    One of Saudi Arabia's largest insurers, The Company for Cooperative Insurance (Tawuniya), has reported a net profit before zakat of SAR225.5m ($60m) for the first nine months of 2019, surging by 293.4% against the same period last year.

    Middle East | 10 Nov 2019

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