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Property & Casualty tag returned 500 results

  • Egypt: Profit in insurance sector soars to US$237 mln in FY2017

    The Egyptian insurance market reported profits of EGP4.2 billion (US$237 million) for the financial year ended 30 June 2017 (FY2017), 68% higher than the EGP2.5 billion posted for FY2016.

    Middle East | 23 Apr 2018
  • Australia: IAG reportedly looking to sell 4 ASEAN units

    Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about US$500 million, under a review of its Asian operations, reports Reuters citing three people with knowledge of the matter.

    Asia | 23 Apr 2018
  • China: Regulator claims progress in battle against financial risk

    China is toughening supervision on the banking and insurance sector with solid progress made in the first quarter of the year, reports the Xinhua news agency citing a statement by the China Banking and Insurance Regulatory Commission (CBIRC).

    Asia | 23 Apr 2018
  • 10 new insurers start ops since April 2017

    Of the 42 applications outstanding at 30 April 2017 to establish insurance companies last year, 10 have opened their doors, four have their licences approved for over a year but have yet to start operations while 28 are still awaiting the approval of an insurance licence, according to data from the Insurance Association of China.

    China | 20 Apr 2018
  • PICC Group's A-share listing to boost growth of major subsidiaries

    The proceeds from the proposed IPO of the PICC Group will strengthen the Group's capitalisation, and support business growth of its major insurance subsidiaries, including PICC Property & Casualty Insurance (PICC P&C), PICC Life Insurance, PICC Reinsurance and PICC Health Insurance.

    China | 20 Apr 2018
  • P&C insurance market is more highly concentrated than life sector

    Despite the large number of insurance companies in China, the market is highly concentrated. The aggregate market share of 130 insurance companies in 2017 in terms of premium stood at 9.13%. In all, there were at least 170 life and non-life insurers operating in the Chinese market at the end of 2017.

    China | 20 Apr 2018
  • China Life reports dip in 1Q2018 premiums

    China Life is the only one among the four listed insurance groups to report negative growth in life insurance premiums for 1Q2018.

    China | 20 Apr 2018
  • Malaysia: Largest local bank to list insurance unit

    Malayan Banking (Maybank), Malaysia's biggest bank, is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, reports Reuters citing sources with knowledge of the matter.

    Asia | 20 Apr 2018
  • Lebanon: 3 huge opportunities loom for insurers

    Three major opportunities are slowly taking shape inside and outside of Lebanon for insurance companies: energy, infrastructure, and reconstruction

    Middle East | 19 Apr 2018
  • China: Ex-PICC chief stands trial for graft

    Wang Yincheng, former president of the China's largest P&C insurance group, People's Insurance Company (Group) of China (PICC), stood trial this week on the charge of corruption.

    Asia | 19 Apr 2018

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