by AIP Online Bureau | Sep 18, 2022 | Indian News, Non-Life, Reinsurance
AM Best views New India’s business profile as favourable given its market-leading position as the largest non-life insurer in India by gross premium written overall, as well as in major business lines, including health, marine, and fire The company’s underwriting...
by AIP Online Bureau | Aug 30, 2022 | International News, Non-Life, Reinsurance
2022 is shaping up to be another profitable year thanks to benign natural catastrophe activity in the region in the first half of the year for Asia Pacific domiciled reinsurers The accumulation of natural catastrophe risks in Asia-Pacific reinsurers’ home markets...
by AIP Online Bureau | Aug 18, 2022 | Health, International News, Life, Non-Life, Reinsurance
All the top three Asian reinsurers, China Re, Korean Re and GIC Re, have lost their global rankings in 2022. Korean Re, which have been in the 10th place in 2020, fell off to 13th this year owing to currency position. Despite premium growth of around 7 per cent, China...
by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Malaysia’s non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry...
by AIP Online Bureau | May 2, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life
The Best’s Market Segment Report, titled, “Market Segment Outlook: India Non-Life Insurance,” states that key lines of non-life business, including health, motor and crop insurance, have been challenged for several years by poor underwriting performance. Despite an...
