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Property & Casualty tag returned 1339 results

  • Jordan: Federation explains why insurers refuse fire cover in certain cases

    Insurance companies want to and are able to insure risk, unless prospective customers cannot meet the requirements and conditions for securing cover, Mr Majed Smairat, chairman of the Jordan Insurance Federation (JIF).

    Middle East | 21 Jul 2019
  • Middle East: Impact of war with Iran being assessed

    Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to follow quickly if Iran's interception last week of two UK-linked tankers spirals into outright war, reported Bloomberg.

    Middle East | 21 Jul 2019
  • Analysts forecast life business would expand by at least 5% in 2H

    The life insurance industry in China as a whole is expected to grow by 5%-10% in the second half of this year, according to industry analysts.

    China | 19 Jul 2019
  • Prospective investors drop plans for new insurance licences

    With the return on equity (ROE) in insurance companies in China falling, industry observers suggest that buying wealth management products would be a better investment than acquiring a stake in insurers.

    China | 19 Jul 2019
  • At least 17 insurers see changes in shareholders since start of the year

    Thirty two shareholders of insurance companies have announced plans to divest themselves of their stakes in insurance companies in the year to date. In addition, four investors plan to decrease their stakes in insurers.

    China | 19 Jul 2019
  • Insurers increase capital by US$11bn in 1H

    Insurance companies in China increased their capital by CNY76bn ($11.1bn) during the first six months of the year, mainly to ease operational pressures brought about by portfolio transformation and redemption payouts. The additional capital is also to improve the governance structure and optimise solvency.

    China | 19 Jul 2019
  • Tunisia: Insurance premiums slide by almost 6% in 1Q

    The Tunisian insurance sector saw premium income decrease by 5.8% to TND726.3m ($255m) in the first quarter of 2019, compared to the corresponding quarter in 2018 when premiums increased by 12.2%, according to data from the General Insurance Committee (CGA),

    Middle East | 18 Jul 2019
  • China: Major listed insurers see steady premium growth in 1H

    Listed insurers China Life, New China, Ping An, China Pacific and China Taiping posted solid gross premium income growth in the first half of 2019, according to their stock exchange filings.

    Asia | 18 Jul 2019
  • Australia: Loyalty tax rises for existing policyholders

    On average, customers renewing their insurance policy with the same insurer paid 27% more than new customers, according to research carried out last year by the New South Wales's Insurance Monitor. More recent data indicates the gap has risen to 34%. This translates to hundreds of dollars for the average home and contents insurance policy.

    Asia | 18 Jul 2019
  • Generali strengthens underwriting capabilities with new appointment

    Generali Global Corporate & Commercial (GC&C) has appointed Mr Dawood Yeung as Asia head of engineering underwriting with effect since 1 June. He has been with the insurer for the last 15 years, having joined in 2004 as an engineering senior manager.

    Asia | 17 Jul 2019

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