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Property & Casualty tag returned 1265 results

  • Over $528m estimated losses caused by 2018 Sydney hailstorms

    The hailstorms which affected the greater Sydney region on 20 December 2018 are estimated to have caused a property insurance market loss of A$766m ($528.9m) according to PERILS's third loss estimate. This third report marks the first time that a detailed market-loss footprint, based on collected insurance loss data, has been made available for an Australian hail event. The estimate also includes the losses from the storm activity in south-eastern Queensland on 21 and 22 December 2018.

    Asia | 20 Jun 2019
  • Real-time predictions of disaster damage in Japan look to mitigate risk

    Aioi Nissay Dowa Insurance, Yokohama National University and Aon Benfield Japan have launched a free website that provides real-time predictions for the number of buildings at risk during natural disasters, reported Japan Times.

    Asia | 20 Jun 2019
  • Saudi Arabia: Several insurers under capital pressure

    Many insurers in Saudi Arabia are facing capital pressure. Nineteen (19) out of over 30 insurers operating in the market maintained shareholders' equity higher than the paidup capital at 31 December 2018, according to data compiled by Arabian Shield Insurance.

    Middle East | 20 Jun 2019
  • Turkey: Travel health insurance business is growing

    Turkish travellers spent TRY172.27m ($29.37m) on premiums for travel health insurance last year, 42% higher than 2017's TRY120.06m, according to data from the Insurance Association of Turkey.

    Middle East | 20 Jun 2019
  • Singapore: P&C and life sectors expected to produce good returns

    Singapore's P&C industry is expected to reap a return on equity of 4%-7% and to have a net combined ratio of 90%-95% through 2020, says S&P Global Ratings.

    Asia | 19 Jun 2019
  • India: Unions welcome merger of four state-owned general insurers

    Most employees of India's four state-owned general insurance companies are reportedly in favour of amalgamating them into a single insurer to create a giant corporation.

    Asia | 19 Jun 2019
  • Saudi Arabia: Insurers see premium slowdown, yet several positive market factors prevail

    Premiums in the Saudi insurance market in 2018 witnessed the first-ever noticeable slowdown when they declined by 4% to SAR34.2bn ($9.1bn). This decrease pulled down the compound annual growth rate for the market to 3% for the last five years (2014-2018), down from 10% at the end of last year (2013-2017), according to an analysis by Arabian Shield Insurance in its report titled "Saudi Insurance Market 2018".

    Middle East | 18 Jun 2019
  • Bahrain: Insurance market grows by 6% in 2018

    Insurance premiums in Bahrain grew by 6% to BHD284m ($754m) in 2018, compared to 2017, due to key factors like economic growth, population expansion, as well as increasing life expectancy, a top regulatory official has said.

    Middle East | 18 Jun 2019
  • China: Non-life insurers expected to raise new capital

    Chinese non-life insurers, especially those with small scale of operation, volatile underwriting margin and high growth dynamics, are likely to seek fresh capital, Fitch Ratings says.

    Asia | 18 Jun 2019
  • Africa: 46th AIO Conference discusses insuring the uninsured

    Insurers should recognise changes affecting their markets both at the global and continental levels, said Ms Aretha Duku, Managing Director of Ghana Union Assurance (GUA), outgoing President of AIO, at the opening of the 46th African Insurance Organisation (AIO) Conference and Annual General Assembly, held in Johannesburg last week.

    Africa | 17 Jun 2019


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