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Property & Casualty tag returned 1617 results

  • Australia: Financial complaints authority releases comparison tool

    The Australian Financial Complaints Authority (AFCA), which marked the first anniversary of its establishment on 1 November, has released a new online tool allowing Australians to see how their insurer, bank, financial adviser, superannuation fund or other financial firm has responded to consumer complaints brought to the Authority.

    Asia | 12 Nov 2019
  • Typhoon Hagibis caused at least $10bn economic loss, says Aon report

    Total economic losses for typhoon Hagibis are expected to exceed $10bn with insured losses minimally in the billions, according to Aon's latest monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events that occurred worldwide during October 2019.

    Asia | 11 Nov 2019
  • Gabon: 3 insurers command 75% of insurance market

    Three insurance companies shared 75% of the market in Gabon in the first half of 2019 during which the turnover stood at FCFA45.73bn ($769m).

    Africa | 11 Nov 2019
  • Australia: 4th bushfire catastrophe announced this year

    The Insurance Council of Australia (ICA) has declared a catastrophe for the tragic bushfires blazing in northern New South Wales, that has so far destroyed more than 150 homes.

    Asia | 11 Nov 2019
  • Saudi Arabia: Tawuniya profits cross US$60m in Jan-Sep

    One of Saudi Arabia's largest insurers, The Company for Cooperative Insurance (Tawuniya), has reported a net profit before zakat of SAR225.5m ($60m) for the first nine months of 2019, surging by 293.4% against the same period last year.

    Middle East | 10 Nov 2019
  • What are the odds of an airplane crash?

    Despite record numbers of over 4 billion passengers globally, statistics show that flying has never been safer, according to a report published by the corporate and aviation insurance specialist Allianz Global Corporate & Specialty (AGCS) in association with Embry-Riddle Aeronautical University, the largest, fully accredited university specializing in aviation and aerospace.

    Agents | 06 Nov 2019
  • 80 insurers net 5% of non-life sector's profits from Jan-Sep

    China's three biggest non-life insurers commanded more than 95% of the net profits of the general insurance industry in the first nine months of this year.

    China | 08 Nov 2019
  • ERGO establishes China management HQ in Beijing

    Germany's ERGO Group, which is owned by Munich Re, has established a management head office in Beijing, that will oversee strategic planning for the group in the Chinese market.

    China | 08 Nov 2019
  • New Zealand: Wellington residents told not all risks can be shifted to insurers

    Wellington residents should no longer assume that risk can be transferred to insurers to mitigate the impact of natural disasters, says the Wellington Mayor's Insurance Taskforce in a discussion paper released earlier this week.

    Asia | 08 Nov 2019
  • China: Authorities in talks to sell Dajia Insurance

    Beijing is in talks with investors over the sale of all, or part, of its 98% stake in Dajia Insurance, reported Financial Times. Dajia Insurance Group was formed in June to take over the assets and operations of financially troubled Anbang group that was taken over by the state in February 2018.

    Asia | 08 Nov 2019