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Property & Casualty tag returned 1501 results

  • What's new in the market - 20 Sep 2019

    Another what's new article to give you a quick highlight of some of the latest industry news and developments.

    Agents | 20 Sep 2019
  • CBIRC updates rules on cross selling between insurers

    The insurance intermediaries department of the CBIRC has issued its "Notice on Doing a Good Job of Cross Selling among Insurance Companies" which stipulates that an insurance company that acts as an agent for other insurance companies has to obtain an insurance agency licence from the local bureau of the CBIRC in the territory where the insurer is located. The licence is valid for three years.

    China | 20 Sep 2019
  • Growing singles population fuels "solo" economy

    The growing number of single people in China has led to the creation of the "solo" economy.

    China | 20 Sep 2019
  • Japan: Insurers to hike accident premiums for first time in 6 years

    Four major Japanese non-life insurers will raise their accident insurance premiums next month for the first time in six years.

    Asia | 20 Sep 2019
  • AIR caps insured losses for Typhoon Faxai between $3-7bn

    AIR Worldwide forecasts that insured losses from Typhoon Faxai will be between JPY340bn ($3bn) and JPY740bn. The loss estimates include insured damage to property (residential, commercial, industrial and agricultural/mutual), both structures and their contents as well as automobiles from wind and storm surge.

    Asia | 19 Sep 2019
  • Commercial property insurer helps Indonesia boost fire resilience

    FM Global, one of the world's largest commercial property insurer, has announced that it will translate its fire and sprinkler-related property loss prevention data sheets into Bahasa Indonesia for distribution by the Indonesian Fire & Rescue Foundation (IFRF) across Indonesia's national fire services network. The data sheets include the company's property loss prevention engineering guidelines.

    Asia | 19 Sep 2019
  • Egypt: Regulator to undertake actuarial study to set divorce insurance premium rates

    Even as the Financial Regulatory Authority (FRA) has announced the preparation of a standard divorce insurance policy, questions are raised about the premium payable for divorce insurance, the amount of compensation, the reason for the issuance of the policy, and the legality of its issuance.

    Middle East | 19 Sep 2019
  • Malaysia: Insurance and takaful sector remains resilient

    The insurance and takaful sector continued to demonstrate resilience in the first six months of this year even under simulated scenarios of severe multi-year macroeconomic and financial shocks, notes the central bank, Bank Negara Malaysia (BNM) in its Financial Stability Review for the first half of this year.

    Asia | 19 Sep 2019
  • Australia: APRA outlines its views of the insurance industry in Corporate Plan

    Australia's general insurance industry exhibits stable profitability and capital coverage with no critical short-term risks, said APRA in its updated Corporate Plan for 2019-2023 released last month.

    Asia | 19 Sep 2019
  • Saudi Arabia: Primary insurers face profitability & consolidation pressures

    Saudi Arabia's primary insurers saw weaker profitability in the first half of this year amid intense competition, and there is increasing pressure for consolidation in the industry, Moody's Investors Service said in a report published yesterday.

    Middle East | 18 Sep 2019

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