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Property & Casualty tag returned 1943 results

  • Japan: General insurers study Nat CAT responses

    To strengthen responses to natural disasters that have become commonplace in recent years, the General Insurance Association of Japan (GIAJ), has been studying various common issues related to natural disasters, such as for members to make joint efforts in insurance payments for storm and flood damage, Mr Yasuzo Kanasugi, GIAJ chairman, has said.

    Asia | 26 Mar 2020
  • China: Consumer confidence about insurance creeps up marginally

    The 2019 China Insurance Consumer Confidence Index Report released recently shows that trust in insurance has increased marginally to 72.1 compared to 71.9 last year.

    Asia | 26 Mar 2020
  • Kuwait: Gulf Insurance Group board proposes capital increase of nearly 10%

    The board of Gulf Insurance Group (gig), the largest insurer in Kuwait, has proposed a capital increase of KWD1.8m ($5.8m) to KWD20.5m from KWD18.7m.

    Middle East | 25 Mar 2020
  • Outlook for APAC non-life sector revised to negative due to COVID-19

    Fitch Ratings has revised the sector outlook for the underlying fundamentals of the non-life insurance industry in APAC region to negative from stable due to the impact of COVID-19.

    Asia Risk | 25 Mar 2020
  • Indonesia: Holding company of state owned insurers established

    Bahana Business Development Indonesia (BPUI) has officially become the holding company of state owned insurers, after a government regulation (known as PP No 20/2020) to this effect was promulgated on 16 March.

    Asia | 25 Mar 2020
  • China: CPIC sees 54% jump in net profit for 2019

    Major insurance company, China Pacific Insurance (Group) Co [CPIC], has said that its net profit for 2019 rose by 54% on greater investment income and tax savings, but warned of risks stemming from the coronavirus pandemic and a slowing Chinese economy.

    Asia | 25 Mar 2020
  • Singapore: General insurance market sees underwriting loss in 2019

    The general insurance market in Singapore recorded an underwriting loss of S$28m ($19.4m) last year, compared to an underwriting profit of S$36m in 2018, according to the General Insurance Association of Singapore (GIA).

    Asia | 25 Mar 2020
  • Egypt: Policyholders get grace period for premium payments

    The Financial Regulatory Authority (FRA) is allowing insurance companies in the Egyptian market an opportunity to extend to policyholders a grace period in which to pay insurance premiums on policies in certain classes of business.

    Middle East | 24 Mar 2020
  • Driving towards profitable growth in Vietnam

    PVI Insurance is one of the biggest insurers in Vietnam, holding an estimated 15% of the Vietnam market. With the guidance from owner HDI Global, the insurer is set to be a force in the nation. We speoke to newly appointed chairman Duong Thanh Francois about the company and its direction in Southeast Asia's biggest emerging economy.

    AIRPlus | 24 Mar 2020
  • India: IRDAI eases rules as brokers voice fears of lapses in insurance coverage

    Large corporations risk lapsing insurance policies for their plant and machinery as well as employees, as both insurers and businesses are forced to shut shop because of coronavirus-related lockdowns in several parts of the country.

    Asia | 24 Mar 2020

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