With the accumulation of unpaid premiums eroding the balance sheets of insurers, the insurance regulator has hardened its tone. The regulator says it is determined to deal with the problem of the non-payment of premiums by intermediaries.
The growth of the combined premium income of the five major A-share listed insurance companies in China was almost flat last year, standing at 0.03% year-on-year, adding pressure on sales this year.
Beijing-headquartered Taikang Group's overall operating performance is considered as 'Very Strong', says Fitch Ratings in a report issued earlier this week.
With major changes expected in the educational sector in India in 2023, it is the right time for insurance courses to get a push across universities and colleges in India, said speakers on the second day yesterday of the India Rendezvous that was held virtually.
Most Aussies are insured but their cover may not be right, according to the results of a survey commissioned by insurance giant QBE.
The combined net profits posted by members of the General Insurance Association of Japan (GIAJ) for the financial year ended 31 March 2021 (FY2020) decreased by 4.4% year-on-year to JPY437.6bn in FY2020 due to an increase in special losses. Net profits consist of ordinary profits including special profits or losses minus corporate income taxes, corporate resident taxes, etc.
Asian insurer FWD Group has raised another $200m in new funding ahead of its planned Hong Kong initial public offering, reported Reuters citing two sources with direct knowledge of the matter.
The listed insurance companies in Oman saw an increase in the top line of 4% in 2021, with premium volumes increasing to OMR403m ($1.05bn), according to preliminary annual financial results posted by the insurers that were analysed by Badri Management Consultancy, a Middle East actuarial consulting firm.
Many Aussies could be more prepared for extreme weather and natural disasters, according to QBE research. Just a quarter (25.6%) of Australians describe themselves and their homes as prepared or very prepared for natural disaster and weather events. The rest say they're either unprepared (22%), or only somewhat prepared (52%).
Economic growth goes down when the number of wet days and days with extreme rainfall go up according to a new study by a team of scientists at Potsdam Institute for Climate Impact Research (PIK).