by AIP Online Bureau | Mar 25, 2024 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management
Now, the insurers can change terms, conditions, clauses, warranties, policy and endorsement wordings applicable to certain classes of business such as Fire, Engineering, Motor, Workmen’s Compensation and other classes of insurances which were not allowed earlier....
by AIP Online Bureau | Jan 3, 2024 | International News, Reinsurance
2024 looks to have provided a welcome return to more stability and predictability, allowing the expectations of all parties to be managed in a less rancorous fashion than 12 months ago London: According to reinsurance broker Gallagher Re, the Jan 1,2024 renewal season...
by AIP Online Bureau | Apr 3, 2023 | International News, Non-Life, Reinsurance
“Despite this more uniform and global approach, a client-led underwriting process remained evident. Clients and markets who had seen significant price increases and tightening of reinsurance conditions in recent years consequently experienced more measured...
by AIP Online Bureau | Jan 24, 2023 | International News, Non-Life, Reinsurance
Market pricing surged at the January 2023 reinsurance renewal, shifting to a true hard market in property and some specialty lines with supply constrained and demand growing. Importantly, terms and conditions saw structural changes that benefited (re)insurers....
by AIP Online Bureau | Feb 3, 2022 | International News, Non-Life, Reinsurance
Cyber remained the most challenging coverage area in Asia , driven by ransomware claims, with considerable pressure on pricing and deductibles, a reduction in capacity, and narrowing of key coverages, said Marsh Hong Kong: Insurance pricing in the fourth quarter of...
