CRA Newsletter
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Asia
Retain focus on loss prevention and resilience despite softening conditions
Risk and insurance managers across Asia are enjoying positive renewals currently in pricing and terms and conditions, according to analysis…
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Asia
Demand for D&O rapidly rising in India
Demand for D&O insurance coverage in India is growing at 25-35% and is driven by greater board accountability, investor pressure…
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Asia
Rates fall further in India, Middle East and Africa: Marsh
Marsh reports that insurance rates in the first quarter of 2025 decreased 4% in the India, Middle East and Africa…
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Asia
Hong Kong reports healthy growth in non-life premiums and profits
The Insurance Authority (IA) of Hong Kong has released provisional statistics for 2024 that show total gross premiums reaching $637.8bn. …
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Asia
A rating for Tokio Marine’s China operation
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of ‘a’ (Excellent) to…
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Asia
Best upgrades Taiwan’s Shinkong
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to ‘a+’ (Excellent) from ‘a’ (Excellent) and affirmed the Financial…
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Asia
Euclid Transactional hires Wai Ling Low
Euclid Transactional, the managing general agent focused on transactional insurance underwriting and claims handling, has announced that Wai Ling Low…
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Asia
Zhibao sets up Labuan reinsurer
Shanghai-based Zhibao Technology, a high growth Insurtech that mainly provides digital insurance brokerage services through its operating entities in China,…
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Asia
NSM team launch $650m Ignyte platform
US-based Ignyte Insurance has launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in…
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Asia
Asian rates decline across major lines
Commercial and corporate insurance rates in Asia fell 3% in the first quarter of 2025, according to Marsh’s Q1 analysis…
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Asia
Cambodian insurance market growing at 25% per annum
Cambodia's insurance industry recorded gross premiums of $357m in 2024, up from $36.1m in 2012, an annual average growth rate…
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Asia
UN, ADB and Bank Negara Malaysia launch supply chain resilience book
The United Nations Development Programme (UNDP), in collaboration with the Asian Development Bank (ADB) and Bank Negara Malaysia (BNM), have…
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Asia
Munich Re reports healthy growth in Asia
ERGO International, the international primary arm of German reinsurance giant Munich Re, has reported further above-market growth and rising profits…
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Asia
Korean motor insurance market shows healthy growth
The motor insurance industry in South Korea is projected to grow at a compound annual growth rate (CAGR) of 4.5%…
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Asia
Willis names Hutchinson head of property & casualty for Hong Kong, Macau
Willis has announced the appointment of Steve Hutchinson as its new head of property & casualty (P&C) for Hong Kong…
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Asia
Chubb appoints Blizzard head of accident and health Asia Pacific
Chubb has appointed Janene Blizzard as the head of accident and health (A&H) for Asia Pacific, effective 1 June 2025. …
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GRM Insurance
Perils estimates A$2.5bn loss from Cyclone Alfred
Insured losses from Cyclone Alfred, which hit the Australian states of New South Wales and Queensland last month, will total…
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Asia
Vietnam implements revised health insurance law
According to Vietnam’s revised law on health insurance, from 1 July 2025, patients will be paid 100% of the benefits…
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Asia
China adopts strict new EV standards
China introduces its new mandatory national safety standards for electric vehicle (EV) batteries on 1 July 2026, that will be…
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Asia
IMB reports spike in Singapore Straits piracy incidents
The ICC International Maritime Bureau (IMB) has revealed a rise in global piracy and armed robbery incidents in the first…