Asia
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HDI enters US surety and Asian accident and health markets
HDI Global has entered the US surety market through the acquisition of Indiana Lumbermens Insurance, and the Asian accident health…
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Report reveals impact of inflation on ASEAN insurers
Inflation caused challenges for ASEAN insurers on the underwriting and investment side, and also contributed to a tightening of reinsurance…
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Small fall in general insurance premiums for Hong Kong insurers
Total gross premiums written by the Hong Kong insurance industry fell by 1% to $428.6bn for the first nine months…
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Gallagher launches brokerage in Taiwan
Gallagher has launched a new insurance brokerage in Taiwan, headquartered in Taipei. The broker said a team of risk professionals…
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Best highlights growth potential of India’s non-life insurance sector
The robust growth potential of India’s non-life insurance sector, driven by economic development and rising insurance demand, together with recent…
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McLarens forms alliance with Turkish loss adjuster
McLarens has formed a strategic alliance with Turkish firm Demeks Loss Adjusting to provide domestic and international clients with claims…
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Growth momentum for China’s non-life insurance sector
China’s non-life insurance sector is seeing growth momentum in the motor and non-motor segments, and the country is seeing a…
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Political risk will rise next year for countries in debt crises, warns WTW
Countries carrying high levels of debt are at increased risk of social unrest amid economic fallout next year, with Jordan,…
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Climate and net-zero disclosure falling short, finds EY
Disclosures about climate risk and how corporates will meet net-zero targets are “falling short”, says EY in its latest Global…
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Rate increases drive QBE’s Q3 premium growth
QBE said premium growth of 7% for the third quarter of 2023 to $17.4bn was driven by average renewal rate…
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Positive outlook for Vietnam’s non-life insurance sector
Vietnam’s non-life insurance sector has seen premium growth in 2023 despite a slowdown in economic growth, and a new law…
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Australian insurance industry ramps up efforts to achieve net-zero emissions
The Insurance Council of Australia (ICA) has released an updated version of its climate change roadmap, outlining the industry's commitment…
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Parima partners with J.B. Boda to elevate risk management in India
The Pan-Asia Risk and Insurance Management Association (Parima) has formed a strategic partnership with broker J.B. Boda to help boost…
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Asia sees modest price increases amid growing demand for ART
Demand for alternative risk transfer solutions has increased in Asia according to Aon, which said it has seen a growing…
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World’s major cities lack resilience to future risks, finds Tokio Marine study
Cities across the world lack the infrastructure and environmental policies to withstand the worsening impacts of climate change and other…
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Stable outlook for NZ non-life insurance market, says Best
Expectations of solid premium growth in the New Zealand non-life insurance market, owing to strong, ongoing rate improvement, particularly in…
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WTW expands global crisis management unit
WTW has expanded its crisis management unit with the addition of two additional operation centres in Houston, US and Sydney,…
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Shanghai consolidates reinsurance position with new trading platform
The Shanghai Insurance Exchange (SIE) has launched its international reinsurance business trading platform along with the first raft of market…
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Zurich reports 9% premium growth driven by rates
Zurich Insurance Group has reported property/casualty insurance revenue up 9% for the first nine months of 2023, driven by strong…
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AXA XL appoints chief underwriting officer for APAC & Europe
Adias Gerbaud has been appointed chief underwriting officer for APAC & Europe and XL Insurance Company, subject to regulatory approvals.…