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Property & Casualty tag returned 1189 results

  • P&C insurers' 2018 aggregate net gain slides nearly 25%

    The aggregate net profits of 86 non-life insurers in China fell by 23.6% to CNY31.7bn ($4.6bn) in 2018, according to an analysis by Huibao World.

    China | 17 May 2019
  • Non-life non-motor business gains market share

    In the first quarter of this year, the non-auto non-life insurance premium income of property insurance companies stood at CNY146.3bn ($21.3bn), accounting for 43.2% of the total premiums of non-life insurers.

    China | 17 May 2019
  • Small P&C insurers' combined results in the red in 2018

    The 76 small and medium-sized P&C insurance companies in China that were ranked outside the top 10 in terms of profits showed disproportionate financial results.

    China | 17 May 2019
  • Japan: Major non-life insurers aim to raise fire premium rates

    Four major Japanese non-life insurers plan to raise their fire insurance premium rates by an average of 5-9% in October, reported Jiji Press.

    Asia | 17 May 2019
  • India: Regulator aims to ease KYC process for insurers

    The insurance regulator plans to urge the government to allow the use of Aadhaar, a 12-digit identification number issued to each resident of India, to make the online know-your-customer (KYC) process simple and quick for insurers and policyholders.

    Asia | 17 May 2019
  • Malaysia: One in four homes are insured

    Only 2m out of 8m homes in Malaysia are insured, the director-general of the Fire and Rescue Department, Mr Mohammad Hamdan Wahid, has said.

    Asia | 17 May 2019
  • China: Ping An consolidates position as world's most valuable insurance brand

    Ping An continues to rank as the world's strongest and most valuable insurance brand, with its brand value up 93% to $50.5bn, according to the 2019 Brand Finance Insurance 100 league table published by Brand Finance, a leading independent brand valuation consultancy.

    Asia | 16 May 2019
  • New Zealand: Insurers to shrink brick & mortar retail network as digital channels grow

    AMI, which is part of IAG that is New Zealand's largest general insurer, is reviewing aspects of its nationwide network of retail stores as customer preferences change.

    Asia | 16 May 2019
  • Australia: Insurance costs to rise due to climate change

    The annual average risk costs of extreme weather and climate change to properties is projected to rise to A$91bn ($63.48bn) per year in 2050 and A$117bn per year in 2100, revealed findings from the Climate Council of Australia's report on the domestic costs of climate change. These costs will be reflected through higher insurance premiums and will primarily impact the same households that will experience the steepest losses in property values due to events caused by climate change.

    Asia | 14 May 2019
  • UAE: Insurance Authority supports protection for the energy sector

    The UAE Insurance Authority (IA) has signed an agreement with the 24th World Energy Congress to sponsor and exhibit at the event, aiming to educate attending energy stakeholders on their responsibilities and rights when buying insurance.

    Middle East | 13 May 2019

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