Reasuransi MAIPARK Indonesia was profitable with a return on equity of 15% in 2020 (unaudited) (three-year average: 12%) due to prudent underwriting practices, satisfactory investment results and a strong retrocession programme, notes Fitch Ratings...
Insurance support for communities in New Zealand hit by extreme weather events has hit a new annual record of NZ$248m ($185m), with insurance customers making more than 13,600 weather related claims for the 12 months to December 2020, says the Insurance Council of New Zealand (ICNZ).
French global insurer AXA announced yesterday that its underlying earnings decreased by 34% to EUR4.3bn ($5.2bn), notably hit by COVID-19 related claims and by higher natural catastrophes.
The IRDAI has given its formal approval for the acquisition of a stake of up to 12% in Max Life Insurance by...
More than 90% of mainland Chinese respondents to the 2020 Manulife Asia Care Survey say they have taken...