by AIP Online Bureau | Jan 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
Catastrophe modeling firm Karen Clark & Co. said, total insured losses from the quake will reach $6.4 billion, with residential losses accounting for over two-thirds of the total Chanyoung Lee, director, analytics, AM Best, said “While the earthquake losses...
by AIP Online Bureau | Dec 29, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Global property catastrophe reinsurance risk-adjusted rate changes averaged from near-flat to single-digits up for non-loss impacted and 10%-30% up for loss-impacted programs, with a wide range of outcomes around these averages Guy Carpenter and AM Best’s 2023...
by AIP Online Bureau | Dec 5, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance
The Best’s Market Segment Report, “Market Segment Outlook: India Non-Life Insurance,” notes that factored into the outlook revision are recent regulatory shifts that have allowed for increased and new investments in Indian insurers by multinational players and direct...
by AIP Online Bureau | Nov 22, 2023 | Indian News, Non-Life, Reinsurance
Ramaswamy Narayanan, chairman and managing director, GIC Re The revision of the Long-Term ICR outlook to positive from negative reflects an improvement in AM Best’s view of GIC Re’s balance sheet strength and ERM fundamentals `With positive Credit Rating...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
According to the report, total reinsurance gross premiums written by the top 50 reinsurers increased by 2.6% to USD 363.6 billion in 2022 “For many reinsurers, premium growth was driven primarily by strong rate increases, not exposure growth,” said Christopher...
