Half of Chinese households spent more than CNY8,000 ($1,100) on insurance premiums in 2023, according to a recent study.
The General Insurance Association of Japan (GIAJ) has revealed that JPY74.44bn ($481.03m) has been paid out, up to 31 March 2024, on claims related to the 1 January Noto Peninsula Earthquake.
Peak Re has expanded its structured solutions team. The newly-created team will operate independently and maintain a close working relationship with Peak Re's P&C and L&H business teams.
Remittances from migrant workers and foreign direct investments (FDI) are transforming the insurance landscape, particularly in emerging economies, says the non-profit, non-governmental organisation African Centre for Economic Monitoring and Intelligence (CAVIE).
S&P Global Ratings (S&P) says that it is too early to assess the full financial impact of the floods ravaging the UAE over the past week and that therefore, negative rating actions are unlikely at this time.
A high proportion of 85% of companies in Asia currently provides some form of insurance benefit to their employees, according to the results of a survey which are published in a new report titled "Asia Employee Benefits Report".
GCC insurers' top-line growth is expected to range between 5% and 15% in 2024, with Saudi insurers likely to expand at the fastest pace, says S&P Global Ratings (S&P).
AM Best expects the recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) to prompt swathes of claims for motor, property, and business interruption insurers in the region.
The independent panel reviewing the 2020 General Insurance Code of Practice (Code) has released the first of two consultation papers and is calling for written submissions from the public.
The operating performance of the Sanlam insurance group was resilient in 2023, supported by life underwriting performance, and strong growth in life premiums, especially in Asia driven by India (albeit dampened by weaker performance in Malaysia), according to Fitch Ratings.