Industry Segments: Risk Page 7 / 22
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- October 26 2022
Australia formalises US$630m special disaster fund
The Labor government’s first budget announced additional measures to strengthen insurance framework.
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- September 28 2022
Insurers shying away from writing new China, Taiwan policies: report
Risk managers are worried a sanctions war between the US and China may restrict capital flow.
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- September 21 2022
Asia may ‘finally pull its weight’ on terrorism cover
The market is on the cusp of change with rates set to harden as global firms pay more attention to the risk.
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- September 6 2022
Sri Lanka Insurance’s underwriting profits to suffer from inflation: Fitch
The P&C insurer has limited ability to reprice policies due to the economic crisis in the country.
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- September 1 2022
Australian east coast flood losses hit US$3.61bn: ICA
The government launches new body to improve nat cat responses as annual disaster costs expected at US$50bn by 2060.
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- August 30 2022
Market face-off over risk pricing in Asia
Reinsurers blame ambitious broker expansion for driving down prices.
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- August 29 2022
Asian fine art insurance market shakes off pandemic blues
As insurers grow their teams in the region, the shift to online auctions has created new kinds of risks.
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- August 24 2022
Unprecedented rise in need to place risks internationally: AUB Group CEO
AUB saw 22.2% profit growth in FY 2022 as M&A and rising GWP drove Australia revenues, but NZ earnings hit by BWRS challenges.
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- August 24 2022
Japan infrastructure spending set to spur property GWP growth
The country's general insurance market set to reach US$133bn in 2026, GlobalData forecasts.
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- August 23 2022
Could QE rollback herald a capacity crunch in Asia?
As capital exits the region, insurers need to consider their risk profile with specialty a potential diversification strategy.
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- August 19 2022
ADB signs US$1bn capacity deal with Tokio Marine, Chubb, Liberty, Allianz and Axa XL
The three-year agreement transfers credit risk from the bank's portfolio to the insurers’ balance sheets.
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- August 9 2022
Underwriters remain selective over APAC renewables
Despite a rapidly growing opportunity in the region, capturing profit can be tough.
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- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
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- August 2 2022
Asia political risk rates to rise as Ukraine crisis bites
Even fairly benign countries such as Indonesia, the Philippines and Thailand could see hikes of 15-20%.
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- July 29 2022
Analysts raise silicosis market concerns as IAG strengthens reserves
As claims related to the lung disease rise, the years ahead could prove tricky for Australia's casualty sector.
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- July 28 2022
Capacity tight due to complex risks in Asia’s tech market
BI risks, data security concerns and past losses are contributing to more conservative underwriting.
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- July 21 2022
Korean insurers draw coal criticism
Samsung F&M and Hyundai M&F under fire, but Kepco’s decision to exit coal signals change.
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- July 20 2022
More risk clarity key to China’s D&O capacity
China’s Securities Law has brought surging demand for D&O, as well as uncertainty.
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- July 13 2022
China heightens oversight as insurance assets bulk up
With the top four players controlling over half the market, any company failure is a huge risk to the economy.
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- July 7 2022
Time to learn from Australia’s unmitigated disasters
As insurers' budgets come under pressure and nat cats intensify, mitigation needs to be prioritised.
