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Property & Casualty tag returned 2444 results

  • China: 5 major A-share listed insurers' combined growth slows in September

    The five major A-share listed insurance companies in China have posted an aggregate premium income of CNY2.055tn ($307bn) in the first nine months of this year, an increase of 5.80% compared to the corresponding period last year. In contrast, the growth rate of these insurers for the first three quarters of the year was 6.15%.

    China | 23 Oct 2020
  • Restructuring of Anbang's successor stalls

    Dajia Insurance Group Co, the company created by the authorities to take over a significant portion of now-defunct Anbang Insurance Group's assets, has failed to complete its restructuring plan by its August deadline.

    China | 23 Oct 2020
  • Japan: Non-life insurers' show higher operating efficiency

    Japan's non-life insurance companies have increased operating efficiency since liberalisation of the insurance industry in 1996, and have conducted mergers and business integrations since 2000. As a result, for all non-life companies, the underwriting expense ratio (other than commission and brokerage) in the financial year ended 31 March 2020 (FY2019) decreased to 15%, compared with 21% for FY1995, prior to liberalisation.

    Asia | 23 Oct 2020
  • Underwriting tool with COVID-19-management dashboard

    A US-headquartered InsurTech has announced that it is providing commercial property and casualty insurance carriers with complimentary access to an underwriting insights tool which includes a COVID-19-management dashboard.

    Asia | 22 Oct 2020
  • Turkey: MAPFRE Sigorta expected to improve 2020 MTPL reserving experience

    MAPFRE Sigorta Anonim Sirketi (MAPFRE Sigorta) improved its financial results sharply in 1H2020, in line with Turkish insurance market trends, due largely to an improved loss ratio on motor and health lines from a pandemic-induced lower claims frequency, says Fitch Ratings.

    Middle East | 22 Oct 2020
  • Vietnam: 5th biggest non-life insurer's outlooks upgraded to 'Positive'

    AM Best has revised the outlooks for Petrolimex Insurance Corporation (PJICO) to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of the insurer.

    Asia | 21 Oct 2020
  • China: CBIRC to standardise data collected from P&C insurers

    The Non-Bank Inspection Bureau of the CBIRC is working on standardising data of non-life insurance companies so as to improve the data management and risk management capabilities of property insurance companies.

    Asia | 21 Oct 2020
  • Egypt: Insurance federation signs cooperation protocols

    The Insurance Federation of Egypt has signed four cooperation protocols, aimed at spreading insurance awareness and increasing distribution.

    Middle East | 20 Oct 2020
  • MENA: Mohamed Ali Bouabane appointed CEO of AIG GCC and North Africa

    American International Group AIG) Europe, Middle East and Africa has appointed Mr Mohamed Ali Bouabane as CEO of AIG GCC and North Africa.

    Middle East | 20 Oct 2020
  • Thailand: Siam City Insurance becomes FWD General Insurance

    Siam City Insurance ("SCI"), a general insurance provider in Thailand founded in 1948, has changed its name to FWD General Insurance Public Company Limited ("FWD General Insurance") and has rebranded accordingly. The rebrand follows the acquisition of Bangkok-based SCI in December 2019.

    Agents | 20 Oct 2020

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