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...
by AIP Online Bureau | Mar 7, 2022 | International News, Non-Life, Reinsurance, Risk Management
Many global and regional reinsurers have exposure to Russia, as well as some industrial line writers. As of now global reinsurers’ exposure is very limited, in most cases less than 1% of assets and existing liabilities, in some cases even less than 0.1%....
by AIP Online Bureau | Dec 9, 2021 | International News, Non-Life, Reinsurance
Motor insurance, which accounted for 63% of non-life direct premiums in 2019, decreased significantly to 54% as of September 2021. With the combined impact of the economic fallout from the COVID-19 pandemic during the first half of 2020, and the implementation of the...
by AIP Online Bureau | Dec 9, 2021 | International News, Non-Life, Reinsurance
“Unfavorable loss cost trends and high catastrophe activity continue to dampen returns on capital, which should keep the industry focused on the need to push for more rate increases,” said Greg Dickerson, associate director AM Best has maintained its market segment...
