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Singapore general insurance premium rises by 6.3% to S$10.8 billion in 2024, Underwriting profit grows by 5.6% to S$642.31 million

Singapore general insurance premium rises by 6.3% to S$10.8 billion in 2024, Underwriting profit grows by 5.6% to S$642.31 million

by AIP Online Bureau | Mar 25, 2025 | International News, Non-Life, Reinsurance

“The general insurance sector is operating in an increasingly complex and fast-evolving risk environment. From climate-related disasters to rising medical costs and economic volatility, insurers today must navigate a rapidly changing landscape,” said Mr. Ronak Shah,...
Buffett’s Berkshire posts record profit on insurance, investments

Buffett’s Berkshire posts record profit on insurance, investments

by AIP Online Bureau | Feb 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Wealth Management/ Philanthropy

Warren Buffett, chairman, Berkshire Hathaway “You really saw the power of Berkshire’s insurance operations and investments,”Thomas Russo, a partner at Gardner Russo & Quinn in Lancaster Warren Buffett’s Berkshire Hathaway on Saturday posted...
GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium

GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium

by AIP Online Bureau | Jan 5, 2025 | Indian News, Non-Life, Reinsurance, Risk Management

“We are closely monitoring the evolving market dynamics and are taking all steps necessary to protect GIC Re’s interests. These measures would include enhanced risk assessment, collaboration with insurers and also prudent capacity allocation.’’ N Ramaswamy, CMD,...

M&A Insurance claim costs rise despite drop in number of claims, Tighter underwriting terms expected

by AIP Online Bureau | Nov 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

GTS’ Americas region saw the smallest decline in R&W notification count in 2023 and was the only region to register an increase in notifications in Q1 2024. The Europe, Middle East and Africa region saw a notable drop in R&W notifications in 2023, but it was...

Max Life integrates Swiss Re’s ‘Digital Health Underwriting’ solution to elevate the customer onboarding experience

by AIP Online Bureau | Nov 11, 2024 | Indian News, Life, Reinsurance, Risk Management, Technology

Swiss Re’s DHU solution automates technical underwriting, using advanced technology to analyze multiple stacks of medical records and lab results concurrently. By providing real-time underwriting decisions and faster turnaround times, the solution enables more...
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