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Property & Casualty tag returned 1568 results

  • Lebanon: Non-life sector outstrips life business in profit growth in 2018

    The combined net profits of insurance companies in Lebanon increased by 14% to $174m (LBP262.5m) in 2018 compared with the previous year, according to the Insurance Control Commission (ICC)'s annual report for 2018.

    Middle East | 23 Oct 2019
  • Asia Pacific: P&C insurance sector remains buoyant

    This outline of the insurance operating environment in the region was given by Ms Qian Zhu, vice president-senior credit officer at Moody's Investors Service who was speaking at a seminar organised by Saudi Re last month in Kuala Lumpur.

    Middle East | 23 Oct 2019
  • Global: Several Asian markets feature highly on Aon's Country Opportunity Index

    Asian markets dominate the top positions in Aon's Country Opportunity Index that identifies the markets showing an attractive mix of growth and profitability with limited political risk.

    Asia | 23 Oct 2019
  • India: Free insurance covers on offer

    Indian Railway Catering and Tourism Corporation (IRCTC) for the first time is offering free insurance cover of up to INR2.5m ($35,250) to passengers travelling on the Lucknow-Delhi Tejas Express which started operations this month. The insurance plan includes INR100,000 cover against theft or robbery during the travel.

    Asia | 23 Oct 2019
  • Australia increases mitigation spending by A$50m to manage Nat CAT better

    Following constant calls for a dramatic increase in funding for mitigation efforts, the senate or the upper house of Australia's bicameral parliament recently decided to increase mitigation spending by A$50m ($46.78m) on a yearly basis. This will make a significant difference to communities exposed to extreme weather and natural disasters which have become more prevalent over the last few years.

    Asia | 22 Oct 2019
  • UAE: GWP growth eases in 2018

    UAE insurance premiums have dropped for the first time in a decade but the market continues to preserve its leading role in the MENA region, according to a report issued at the 16th Gulf Insurance Forum held in Dubai last week.

    Middle East | 22 Oct 2019
  • ASEAN: Direct Asia outlines regional online broking ambition

    Direct Asia aims to be the top online car insurance broker in Singapore and Thailand in two years and the leader in Asia by 2022.

    Asia | 22 Oct 2019
  • Hong Kong: Most businesses suffer losses from riots because of lack of insurance

    Hong Kong's businesses will likely foot the bill for vandalism inflicted over the past four months during the violent protests in the territory as few of them bought insurance coverage for riot damage, reported Reuters citing industry insiders.

    Asia | 22 Oct 2019
  • Australia: Draft general insurers' practice code requires domestic violence policy

    The final draft of Australia's revised General Insurance Code of Practice, including a requirement for insurers to implement a domestic family violence policy, is set to be presented to the Insurance Council of Australia (ICA) board on 31 October for approval.

    Asia | 22 Oct 2019
  • Japan: Big Three insurers unlikely to be adversely impacted by Faxai and Hagibis

    Given their appropriate catastrophe risk management and strong capitalisation levels, Japan's three major non-life insurers - MS&AD Insurance, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance - are unlikely to be affected by the recent mega-typhoons in the country according to a new AM Best commentary.

    Asia | 21 Oct 2019

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