by AIP Online Bureau | Jan 3, 2024 | Eco/Invest/Demography, Indian News
“Economic growth in APAC will generally remain strong in 2024, especially in emerging markets (EMs), supporting sector outlooks across the region. We expect real GDP to expand by, or above, 5 per cent in India, Indonesia, the Philippines and Vietnam, and...
by AIP Online Bureau | Dec 7, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance
Fitch forecasts an improvement in underlying profitability for the global reinsurance sector in 2024, and is maintaining its improving fundamental sector outlook Robert Mazzuoli, Director, Insurance,Fitch Reinsurance rate increases for property catastrophe business...
by AIP Online Bureau | Nov 6, 2023 | Eco/Invest/Demography, International News, Policy
Fitch made upward revisions to Brazil, India, Mexico, Indonesia, Poland and Turkey relative to its previous estimates. Fitch attributed the higher growth forecast for India to a swift recovery in labour force participation rates, following significant declines in 2020...
by AIP Online Bureau | Sep 18, 2023 | Data, Eco/Invest/Demography, Non-Life
The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions Rising ownership costs to hurt India’s commercial vehicle volume growth: FitchGrowth...
by AIP Online Bureau | Aug 24, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Natural catastrophe business has become largely loss-making in recent years as prices have failed to keep pace with increasingly frequent, severe and volatile weather-related losses due to climate change. This has reduced reinsurers’ appetite to provide natural...
