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Property & Casualty tag returned 1536 results

  • Malaysia: Fire insurance pricing liberalisation postponed

    Bank Negara Malaysia has extended the timeline for the detariffication of fire insurance to next year at the earliest, industry sources say.

    Asia | 14 Oct 2019
  • Egypt: Investor protection fund approves insurance coverage for listed firms

    The Investor Protection Fund (IPF) will for the first time offer insurance coverage to investors to hedge against non-commercial risks arising from the activities of companies listed on the Egyptian Exchange (EGX), according to Mr Mohamed Omran, executive chairperson of the Financial Regulatory Authority (FRA). This move follows a reorganisation of the IPF.

    Middle East | 13 Oct 2019
  • Japan to face more CAT losses with upcoming Typhoon Hagibis

    Japan is expected to encounter yet another category 5 Super Typhoon named Hagabis on Saturday morning (12 October). The track of Hagabis is very similar to that of Typhoon Faxai which just made landfall last month and is estimated to incur estimated insured losses of $5bn to $9bn, according to RMS.

    Asia | 11 Oct 2019
  • China Re urges P&C insurers to strike balance between scale and profits

    China Re P&C, which engages in P&C reinsurance business, says that property and casualty insurers should not only adjust their business structure to avoid reliance on"one class of risk" but also to find a balance between scale and profitability in an emerging market. At the same time, it is necessary for them to tap lines of business with development potential.

    China | 11 Oct 2019
  • Non-motor classes see reduced underwriting profits

    Non-auto insurance underwriting profits have declined in recent years, says China Re P&C as property insurers reduce their reliance on motor business to develop non-motor operations.

    China | 11 Oct 2019
  • Regulators to improve overseas travel insurance standards

    The authorities are considering regulating the overseas travel accident insurance market and speeding up the introduction of standardised clauses for this class of business to avoid disputes.

    China | 11 Oct 2019
  • Two thirds of 1 Oct travel insurance policies sold are for holidays at home

    Domestic travel insurance policies accounted for 65% of the total number of such policies bought for the weeklong 1 October National Day holidays.

    China | 11 Oct 2019
  • Former AXA Life Insurance Singapore CDO joins insurtech firm

    Mr Patrick Peck, most recently Chief Distribution Officer at AXA Life Insurance Singapore, has joined insurtech firm PolicyPal as Advisor.

    Agents | 11 Oct 2019
  • South Korea: Insurance business predicted to see flat growth next year

    South Korean insurance companies are expected to report nearly flat growth in their premium income for next year, as the insurance industry is grappling with a slowing economy and an ageing population, reported the Yonhap News Agency.

    Asia | 10 Oct 2019
  • New Zealand: Building insurance changes proposed

    A taskforce, chaired by Wellington Mayor Justin Lester, has proposed raising the Earthquake Commission (EQC) insurance cap to NZ$400,000 ($253,000) and changing building regulations to make insurance affordable for building and home owners.

    Asia | 10 Oct 2019

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