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Property & Casualty tag returned 3469 results

  • UAE: Working week changes to 4.5 days, weekends fall on Sat-Sun wef 1 Jan

    The UAE Government announced yesterday that the country would adopt a new four-and-a-half-day working week, effective from 1 January, 2022.

    Middle East | 08 Dec 2021
  • Climate change will push up property insurance costs

    Homeowners and residential real estate investors in US should be prepared to face a rise in property insurance rates according to real estate financing solution provider SitusAMC.

    Asia Risk | 08 Dec 2021
  • When rebuilding in disaster-prone areas, be ready to pay more premium

    The Indian insurance regulator could consider introduction of a differential premium for insuring properties that are rebuilt on disaster-prone or sensitive terrain after a natural disaster.

    Asia Risk | 08 Dec 2021
  • South Korea: NongHyup P&C's efforts at improving underwriting pay off

    The operating performance of NongHyup Property and Casualty Insurance is assessed as adequate with a five-year average operating ratio (2016-2020) of 98.2% and a return-on-equity ratio of 3.3%, notes AM Best.

    Asia | 08 Dec 2021
  • Bahrain: Medical and life insurance business drive growth in insurance market in 1H2021

    The Central Bank of Bahrain (CBB) yesterday announced that the insurance industry has shown positive results for the six months ended 30 June 2021, with gross premiums/contributions generated in the domestic market amounting to BHD143.70m ($ 381m), an increase of 6.7% over the BHD134.63m reached in the corresponding half of last year.

    Middle East | 07 Dec 2021
  • South Korea: Meritz Fire & Marine's realigned channel strategy stabilises expense ratio

    The operating performance of Meritz Fire & Marine Insurance, one of South Korea's biggest general insurers, is underpinned by its relatively low loss ratio compared with domestic peers and strong investment performance that helped the company consistently produce double-digit return on equity in each of the past five years with an average of 15.5% (2016-2020), notes AM Best.

    Asia | 07 Dec 2021
  • Construction companies face new age risks post-COVID

    A new report from Allianz Global Corporate & Specialty (AGCS) says that the global construction market is set for a sustained period of strong growth post-COVID-19, driven by government spending on infrastructure and the transition to a net zero society, but will also face numerous risks.

    AIRPlus | 07 Dec 2021
  • APAC leads the captives race in 2020

    The COVID-19 pandemic has put risk management into the centre stage and given recognition to self-insurance said speakers at the virtual Asian Captive Conference held recently.

    AIRPlus | 07 Dec 2021
  • Angola: Service-oriented insurers gain market share

    The insurance market in Portuguese-speaking Angola is changing rapidly and service-oriented insurers are gaining market share at the expense of those who are slower to meet customer needs, settle claims and process policy changes on time.

    Africa | 06 Dec 2021
  • Lebanon: Premiums on new insurance policies to be paid in 'fresh dollars' next year

    From 2022, insurance companies will collect premiums on health insurance in "fresh dollars" only, says the Association of Insurance Companies in Lebanon (ACAL), as the insurance sector has been struggling to cope with the collapse of the Lebanese pound since 2019.

    Middle East | 06 Dec 2021

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