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Property & Casualty tag returned 1559 results

  • 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
  • Nigeria: Regulator impresses on directors of insurers to ensure governance

    The National Insurance Commission (NAICOM) has urged the board of directors of insurance companies to ensure sound management of the companies without interfering in management functions.

    Africa | 21 Oct 2019
  • Egypt: 8 insurers increase capital

    Eight insurance companies in the Egyptian market have increased their paidup capital by EGP339m ($20.85m) in the year to date, to reach a combined total of about EGP1.3bn.

    Middle East | 21 Oct 2019
  • Indonesia Rendezvous: Building tomorrow, today

    The 25th Indonesia Rendezvous held last week kept its sights trained on the future with an emphasis on starting to prepare for it now.

    Asia | 21 Oct 2019
  • New Zealand: SMEs increasingly buy insurance directly

    The insurance purchasing landscape is changing considerably in New Zealand, with an increasing number of SMEs choosing to buy at least some of their cover direct rather than through traditional broker channels, according to Vero New Zealand in its latest SME Insurance Index.

    Asia | 21 Oct 2019
  • Philippines: General insurance market to grow 25% by 2022

    Susceptibility to natural calamities combined with the government's push towards infrastructural investments and related insurance coverage is expected to drive the general insurance market in the Philippines to PHP112.1bn ($2.2bn) in 2022 from PHP76.6bn in 2017, according to GlobalData, a London-headquartered international data and analytics company.

    Asia | 21 Oct 2019
  • Egypt: Compulsory insurance aims to address lack of awareness

    The insurance market in Egypt has suffered for a long time from the lack of insurance awareness among individuals, so it contributes a small percentage to the GDP of about 1.1%. The Insurance Federation of Egypt aims to increase this percentage to 3% during the next three years, Mr Alaa El-Zoheiry, chairman of the federation, says.

    Middle East | 20 Oct 2019
  • Asia Pacific: AIG names Head of Claims, General Insurance

    American International Group, Inc. has appointed Steve Gibbs as Asia Pacific Head of Claims, General Insurance.

    Agents | 17 Oct 2019
  • Shenzhen outlines plan for cross-border insurance services

    The Shenzhen Banking & Insurance Regulatory Bureau has released a draft of its proposal for establishing a cross-border insurance innovation service centre, with insurance intermediaries at the core of the system. The centre, when established, will bring the insurance industry in the Greater Bay area comprising Guangdong, Hong Kong and Macau, one step closer.

    China | 18 Oct 2019
  • More than 30 insurers apply for shareholding changes

    China Cinda Asset Management has put up for sale, on the Shanghai United Assets and Equity Exchange, its 50.995% stake in Happy Life Insurance, comprising 5.166bn shares. The reserve price for the block of shares is CNY7.5bn ($1.06bn).

    China | 18 Oct 2019

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