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Property & Casualty tag returned 5951 results

  • Financial regulatory chief calls for accelerating the development of the insurance market

    Accelerating the development of the insurance industry will help improve China's financial market structure, optimise the allocation of financial resources, and enhance the stability of the financial system, a top Chinese regulatory official has said.

    China | 21 Jun 2024
  • 5 major 'A'-share-listed insurance groups improve overall topline in Jan-May period

    Five major A-share insurance companies in China have posted a combined premium income of CNY1.46tn ($200.75bn) for the first five months of this year, a year-on-year increase of 2.19%, according to statements filed with the stock exchange.

    China | 21 Jun 2024
  • Fate of Tian'An P&C Insurance finally unveiled

    Tian'An P&C Insurance, whose management has been taken over by financial regulators since 2020, will be declared bankrupt and liquidated while its assets and liabilities will be transferred to the start-up Shenergy P&C Insurance, according to an official of the Property Insurance Department of the National Financial Regulatory Administration (NFRA).

    China | 21 Jun 2024
  • Japan: GIAJ sets up project team to promote business reform

    A project team formed by the General Insurance Association of Japan (GIAJ) in March 2024 to promote fundamental business reform is discussing the relationship between member companies and agents, and reviewing business practices to create an appropriately competitive environment.

    Asia | 21 Jun 2024
  • Philippines: General insurance industry to reach US$3.8bn in 2028

    The Philippines' general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.5% from PHP145.4bn ($2.6bn) in 2024 to PHP209.0bn ($3.8bn) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company.

    Asia | 21 Jun 2024
  • Australia: Insurers laud NSW Budget as a win for resilience

    The Insurance Council of Australia (ICA) has welcomed the significant funding for resilience in the New South Wales government's 2024-25 Budget as a positive step for communities that should support efforts to improve insurance affordability.

    Asia | 21 Jun 2024
  • Japan: Non-life insurers' overseas business and investment gains offset weak domestic underwriting results

    Global credit rating agency Fitch Ratings expects Japanese non-life insurance's overseas business and investment profit from the continuous sales of strategic shareholdings to offset weak earnings contribution from domestic underwriting, especially in motor and property insurance, in the financial year ending March 2025 (FYE25).

    Asia | 20 Jun 2024
  • Australia: 4 in 5 Aussies feel anxious about the impact of extreme weather

    New NRMA Insurance research has highlighted the mental health impacts of Australia's changing climate, with 80% of Australians surveyed stating they feel anxious about the impact of extreme weather.

    Asia | 20 Jun 2024
  • India: Zurich completes acquisition of 70% stake in general insurer

    Zurich Insurance Company (Zurich), a leading global multi-line insurer, has completed the acquisition of a majority stake in Kotak Mahindra General Insurance Company (Kotak General Insurance) from Kotak Mahindra Bank (Kotak), following the receipt of all necessary regulatory approvals.

    Asia | 20 Jun 2024
  • Australia: General insurance body recommends changes to Code of Practice

    The Insurance Council of Australia (ICA) has outlined its support for strengthening the General Insurance Code of Practice (Code) in a number of areas, including financial hardship, customer vulnerability and claims handling.

    Asia | 19 Jun 2024

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