China Meteorological Administration (CMA) and four other government agencies are promoting meteorological-related green financial tools to protect against Nat CAT risks.
The life reinsurance segment of Qianhai Reinsurance Co (QHR) remains as the major driver of the company's underwriting results, notes AM Best.
China's financial regulator has issued an action plan to boost the development of the property insurance sector over the next five years, according to the National Financial Regulatory Administration (NFRA).
The life and non-life insurance sectors in Japan in 2025 are expected to show strengthened capitalisation and healthy underwriting margins, says Fitch Ratings.
The first-year premium income of the life insurance market in Taiwan will rise by between 5% and 10% next year, according to a 2025 insurance market forecast by the Taiwan Insurance Institute (TII).
The Algerian government will prohibit cash payments in the insurance, real estate, and automobile sectors in a fight against moneylaundering, tax evasion, and other black market activities.
The technical performance of Al Dhafra Insurance Company (ADIC) has started to return to historical averages as evidenced by a net-net combined ratio of 86%, as calculated by AM Best, reported for the first three quarters of 2024.
The performance of Korean life and non-life insurers in 2025 is expected to be stable, with the sector outlook,'Neutral', says Fitch Ratings.
Charles Taylor, a leading international loss adjusting business, has announced a new associateship with Carter Briggs Hurle (CBH) Adjusting in New Zealand which will extend the regional coverage available to clients who require expertise for the assessment and resolution of large and complex claims in Australasia.
The Indonesian government's plan to increase the Value Added Tax (VAT) from 11% to 12% starting in January 2025 will affect the bottomline of the sector, according to the chairman of the Indonesian General Insurance Association (AAUI) Mr Budi Herawan.