Capital Archives - InsuranceAsia News https://insuranceasianews.com/industry_segments/capital/ Thu, 26 Sep 2024 09:57:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Better cat data key to easing region’s growing capacity pressures: Perils’ APAC head https://insuranceasianews.com/quality-data-alternative-capital-keys-to-regions-capacity-pressures-perils-apac-head/ Wed, 25 Sep 2024 23:30:48 +0000 https://insuranceasianews.com/?p=163482 As insurance penetration and cat exposure rise in APAC, the availability of better quality data must go hand-in-hand with the growth of alternative capital sources. That leads the cat loss specialist to expand its loss data coverage in Japan & South-East Asia, said Darryl Pidcock.  

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As insurance penetration rates and catastrophe exposure continue to climb in the fast-growing APAC markets such as India and China, the need for better quality data will be as pertinent for the region...

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]]> India may consider a new turnaround plan for three general insurers: report https://insuranceasianews.com/india-may-consider-a-new-turnaround-plan-for-three-general-insurers-report/ Tue, 24 Sep 2024 10:50:47 +0000 https://insuranceasianews.com/?p=163371 While solvency ratio, consistently high claims ratios and losses or low profitability were the concerns that need to be addressed by the state-owned carriers, the government is likely to provide fiscal support to companies showing profits.

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Indian government may consider a new turnaround plan for the country’s public sector non-life insurance companies, which includes fundraising or capital infusion, after assessing their capital needs, ...

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]]> Aon’s Yen Chu Choo named APAC capital advisory leader https://insuranceasianews.com/aons-yen-chu-choo-named-apac-capital-advisory-leader/ Mon, 02 Sep 2024 21:30:29 +0000 https://insuranceasianews.com/?p=161899 Singapore-based Choo will report to George Attard, APAC chief executive for Reinsurance Solutions.

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Global broker Aon has appointed Yen Chu Choo as capital advisory leader for Asia Pacific (APAC), according to a company announcement.
Singapore-based Choo will report to George Attard, CEO of Reinsura...

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]]> Vietnam’s PVI Insurance gets greenlight to raise charter capital to US$157m: report https://insuranceasianews.com/vietnams-pvi-insurance-gets-greenlight-to-raise-charter-capital-to-us157m-report/ Wed, 28 Aug 2024 04:35:44 +0000 https://insuranceasianews.com/?p=161481 It is the second capital increase approved by the regulator in five months, as Vietnam's largest non-life insurer continues to grow its market share.

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Vietnam’s ministry of finance has approved an increase in the charter capital of PVI Insurance to VND3.9 trillion (US$157 million) from VND3.5 trillion, making it the non-life insurer with the highest...

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]]> Guy Carpenter names Justin Ward as managing director-head of capital advisory, APAC https://insuranceasianews.com/guy-carpenter-names-justin-ward-as-managing-director-head-of-capital-advisory-apac/ Mon, 12 Aug 2024 03:54:16 +0000 https://insuranceasianews.com/?p=160226 Singapore-based Ward takes over the role from Blake Dimitrijevic who will join Hannover Re Australia as managing director.

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Guy Carpenter has elevated Justin Ward to managing director-head of capital advisory for Asia Pacific. Ward takes over the role from Blake Dimitrijevic, who is set to join Hannover Re Australia as man...

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]]> Asia Pacific reinsurance market finds a new equilibrium https://insuranceasianews.com/the-reinsurance-markets-new-equilibrium/ Thu, 11 Jul 2024 23:30:59 +0000 https://insuranceasianews.com/?p=157945 While the market is ‘finely balanced’ for now, its sustainability will depend on the loss activity in the remaining six months of 2024, according to reinsurance experts and analysts.

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After the much-needed reset of the industry in 2023, the reinsurance market has seen the easing up of conditions and a move towards rates softening.
That provides the backdrop to a webinar discussion ...

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]]> The Indian insurance privatisation conundrum https://insuranceasianews.com/the-indian-insurance-conundrum/ Thu, 04 Jul 2024 23:30:48 +0000 https://insuranceasianews.com/?p=157388 State-led revivals have delayed privatisation of the country’s three general insurers and stalled much-needed reforms and competition that could otherwise enable Indian carriers to put their stamp on the world stage.

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Despite many positive prospects in other industries, India’s insurance market does not fulfil its carriers’ huge potential due to protectionist and state-focused environment holding it back, including...

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]]> India government may delay privatisation of three general insurers: report https://insuranceasianews.com/india-government-may-delay-privatisation-of-general-insurers-report/ Thu, 27 Jun 2024 10:32:35 +0000 https://insuranceasianews.com/?p=156919 The government will provide the state-owned carriers capital support of US$600m, and review business plans to strengthen their balance sheets.

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Indian government may delay the planned privatisation of the country’s three general insurers and instead focus on strengthening them, according to a report in The Economic Times.
The government is li...

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]]> Aon promotes Sharad Vishvanath as enterprise client leader in India https://insuranceasianews.com/aon-promotes-sharad-vishvanath-as-enterprise-client-leader-in-india/ Wed, 22 May 2024 06:00:33 +0000 https://insuranceasianews.com/?p=154385 In his new role, Vishvanath will focus on advising large clients on complex issues relating to risk and human capital.

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Aon has promoted Sharad Vishvanath as enterprise client leader in India, focused on advising large clients on complex issues relating to risk and human capital, according to a LinkedIn post by the bro...

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]]> Korean insurers remain resilient to overseas commercial real estate deterioration: Fitch https://insuranceasianews.com/korean-insurers-remain-resilient-to-overseas-commercial-real-estate-deterioration-fitch/ Tue, 23 Apr 2024 05:01:07 +0000 https://insuranceasianews.com/?p=152632 A steady increase in the release of contractual service margins, driven by sound underwriting performance, will continue to support Korean insurers’ profitability despite volatility in their investment returns, Fitch said.

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Korean insurers are able to withstand reduced valuations on their overseas commercial real estate without major adverse ratings consequences, even as higher interest rates and a shift in work patterns...

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