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Property & Casualty tag returned 937 results

  • GCC: IMF highlights reforms needed for growing insurance & non-bank financial sectors

    Financial systems in the GCC have developed significantly over the last couple of decades, but there appears to be further room for progress, says the IMF.

    Middle East | 16 Dec 2018
  • Fire is top cause of loss over past 5 years

    Fire is the top cause of loss in China, according to Allianz Global Corporate & Specialty (AGCS) in its latest Global Claims Review.

    China | 14 Dec 2018
  • Motor premium slowdown partly offset by non-motor lines

    P&C insurers in China are accelerating the shift in their product mix to non-motor lines in response to margin pressure from motor pricing liberalisation, notes Moody's Investors Service.

    China | 14 Dec 2018
  • Capital increases by insurers this year highest in 3 years

    More than 30 insurance companies have increased their capital this year, with the combined increase exceeding CNY40bn while the scale of debt issuance reached CNY71.5bn.

    China | 14 Dec 2018
  • Australia: QBE expects higher profitability in 2019 despite headwinds

    Australia's largest global insurer QBE has warned that its profits will see "headwinds" of around $50m-$100m in 2019. Nevertheless, the company remains confident of achieving an improved combined operating ratio and higher overall profitability in 2019 compared with 2018, underpinned by the premium rate increases, expected ongoing improvement in the Group's attritional claims ratio and the recently commenced efficiency programme.

    Asia | 13 Dec 2018
  • Morocco: Bancassurance gains in distribution share in 2017

    Bancassurance accounted for 25% of total insurance premium volume in Morocco in 2017, compared with 23% in 2016, according to the latest figures published by the Insurance and Social Security Supervisory Authority (ACAPS).

    Middle East | 12 Dec 2018
  • Asia Pacific: Asset risk growing in region's insurance sector

    For the insurance industry in the region generally -- both life and P&C -- asset risk is rising due to increasing allocations to higher-yielding non-traditional assets and widening currency mismatches, says Moody's Investors Service.

    Asia | 12 Dec 2018
  • Hong Kong: Belt & Road insurance platform inaugurated

    The Hong Kong Insurance Authority (IA) yesterday launched its Belt and Road Insurance and Exchange Facilitation (BRIEF) platform, to bring together insurance and risk expertise with the aim of realising the potential of China's Belt & Road Initiative (BRI).

    Asia | 12 Dec 2018
  • Indonesia: Great Eastern deepens footprint with takeover deal

    Great Eastern Holdings yesterday announced that its wholly-owned subsidiary, Great Eastern General Insurance, has on 10 December 2018 entered into a sale and purchase agreement to acquire 100% of the shares in QBE General Insurance Indonesia from QBE Asia Pacific Holdings and QBE Insurance (International).

    Asia | 12 Dec 2018
  • Egypt: Insurance market sees premiums soar by 24% in FY2018

    The 37 insurance companies operating in Egypt increased their combined direct premiums to EGP27.8bn ($1.6bn) in the fiscal year ended 30 June 2018 (FY2018), representing growth of 23.6% over the previous financial year.

    Middle East | 11 Dec 2018

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