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Property & Casualty tag returned 3028 results

  • All lines of business show lower growth rates in Jan-May period

    The growth rate of the premium income of the life insurance business of the five major Chinese listed insurance companies in the first five months of this year continued to slow, compared to the previous months of this year.

    China | 18 Jun 2021
  • Regulator pledges support to accelerate growth of green finance

    China's banking and insurance sector will accelerate the development of green finance and provide comprehensive financial services to assist in the country's transition toward a greener and low-carbon economy, regulatory officials have said.

    China | 18 Jun 2021
  • Insurers releases details of green insurance efforts

    With the Chinese government's goal of developing green finance, the insurance industry has published details of how it has been helping in green development.

    China | 18 Jun 2021
  • 5 major listed insurance groups report slower premium growth in Jan-May

    he cumulative premium income of China's five largest listed A-share insurance companies for the period from January to May 2021 reached CNY1.3tn ($202.5bn), which reflected flat performance compared to the corresponding five months of 2020. The growth rate for the first five months of this year was only 0.69%.

    China | 18 Jun 2021
  • Hong Kong: Richard Li's FWD seeks US IPO

    PCGI Intermediate Holdings, the parent company of FWD Group and FWD, has filed confidentially for a US initial public offering, moving ahead with preparations for a long-awaited listing, according to a report by Bloomberg.

    Asia | 18 Jun 2021
  • Middle East: Orient Group is the highest rated in the markets it serves

    The Orient group has a track record of consistently outperforming its peers in terms of underwriting and overall profitability, which has been largely free of material fluctuations despite severe competition and regulatory changes in the UAE market, notes AM Best.

    Middle East | 17 Jun 2021
  • Australia: Insurers say Queensland Budget misses opportunity to invest in mitigation

    The Insurance Council of Australia (ICA) yesterday said that the Queensland Government's Budget announcement of just A$10m ($7.7m) for household resilience and mitigation measures was a missed opportunity to better protect Queenslanders from extreme weather events.

    Asia | 17 Jun 2021
  • South Korea: Rising interest rates contribute to earnings recovery for insurers

    South Korean insurers' credit quality is expected to improve in 2021, driven by a gradual recovery in earnings, partly on the back of rising interest rates, says Fitch Ratings.

    Asia | 17 Jun 2021
  • GCC: Interest in captive insurance grows in the region

    Interest in captives has been stirring in the Gulf states, as is indicated in an uptick in feasibility studies in the region, according to AM Best.

    Middle East | 15 Jun 2021
  • Japan: Pricing boosts underwriting results of major non-life groups

    Better pricing will continue to support the underwriting performance of Japanese non-life groups - MS&AD Insurance Group Holdings, Tokio Marine Holdings and SOMPO Holdings - in the financial year ending 31 March 2022 (FYE22), Fitch Ratings says. Non-life insurers are benefiting from higher rates in the mainstay automobile and fire business lines.

    Asia | 15 Jun 2021

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