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Reinsurance tag returned 1085 results

  • India: GIC Re switches approach to reduce dependence on investments for profits

    State controlled GIC Re will have to work with an operational efficiency that gives it a combined ratio of less than 100, in order to make its reinsurance operations sustainable, according to Mr Devesh Srivastava, chairman and managing director of GIC Re.

    Asia | 03 Dec 2020
  • Hong Kong: Gross premiums of insurance sector grows at 5.5% in first 9 months

    The Insurance Authority (IA) yesterday released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2020, indicating a growth of total gross premiums by 5.5% to HK$461.1bn ($59.5bn) over the corresponding period in 2019.

    Asia | 01 Dec 2020
  • Africa: Insurers expect uncertainty to persist next year

    Africa's insurers are expecting further uncertainty for the remainder of 2020 and through 2021, according to the Africa Insurance Pulse 2/2020 report, "Growth perspectives of African re-/insurance markets", launched by the Africa Insurance Organisation (AIO) last week.

    Africa | 30 Nov 2020
  • Africa: Continent's reinsurers have around 25% market share

    Based on an estimated African reinsurance market premium of around $8.5bn in 2019, it is assessed that reinsurers with their corporate headquarters in Africa achieved a market share of less than 25% in 2019 (based on inwards gross premiums written from the continent), more or less stable when compared to previous years.

    Africa | 30 Nov 2020
  • Action needed to spur British government-backed pandemic insurance

    A proposal to create a government-backed pandemic insurance scheme Pandemic Re in Britain has got bogged down in complexity and action is needed to drive it forward.

    Asia | 27 Nov 2020
  • China: Singapore proposes cooperation on disaster risk insurance with Chongqing

    Insuring against disaster risks, like pandemics, natural catastrophes, and climate change, is one area in which the Chinese municipality of where Chongqing and Singapore can work closer together to strengthen links between China's Western Region and ASEAN, Mr Ravi Menon, managing director of the Monetary Authority of Singapore, has suggested.

    Asia | 27 Nov 2020
  • UAE: Swiss Re and Democrance to help insurers digitise

    Swiss Re and Democrance, the Dubai-based InsurTech startup, have joined forces to empower regional insurance companies to automate and digitise their businesses with a focus on life insurance, while at the same time leveraging the project innovation capabilities developed by one of the largest reinsurers in the world.

    Middle East | 26 Nov 2020
  • Japan: Mitsui Sumitomo Insurance invests in US InsurTech firm Hippo

    Mitsui Sumitomo Insurance Company (MSIC), a subsidiary of MS&AD Insurance Group Holdings, is making a capital investment of $350m in California-based InsurTech group, Hippo Enterprises.

    Asia | 26 Nov 2020
  • PARIMA 2020 - Need for greater resilience say Asia-Pacific risk managers

    The COVID-19 pandemic has shifted conversations in board rooms towards becoming more vigilant against long-term risks, while also prompting urgency in digital transformation efforts.

    Asia Risk | 25 Nov 2020
  • Nigeria: Insurers make plea for extension of recapitalisation deadline

    Insurers are urging the National Insurance Commission (NAICOM) to extend the recapitalisation deadline for the industry and to waive the 31 December 2020 deadline for the first phase of the recapitalisation exercise.

    Africa | 23 Nov 2020