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Financial Lines tag returned 302 results

  • Rebound in D&O insurance business ahead of new Company Law taking effect on 1 July

    Since the beginning of this year, listed companies have shown an increasing enthusiasm for Directors & Officers (D&O) liability insurance. This is attributed largely to the new Company Law, scheduled to take effect on 1 July 2024. The revised Company Law establishes for the first time D&O liability insurance through legislation.

    China | 21 Jun 2024
  • Philippines: General insurance industry to reach US$3.8bn in 2028

    The Philippines' general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.5% from PHP145.4bn ($2.6bn) in 2024 to PHP209.0bn ($3.8bn) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company.

    Asia | 21 Jun 2024
  • Australia: Insurers will focus on underwriting fundamentals as pressures ease

    The Australian insurance sector will remain resilient as operating challenges ease in the next few years. Insurers will likely respond to moderating inflation with lower premium hikes, however profitability should remain sound across all segments, said S&P Global Ratings (S&P).

    Asia | 18 Jun 2024
  • Philippines: Malaysian InsurTech collaborates with local FinTech to offer credit protection to rural banks

    Senangdali, a Philippine subsidiary of the Malaysian InsurTech firm Senang.io, is working with GoodTech, a FinTech company linking farmers and homebuyers, merchants and gig workers, with rural financial institutions, to offer loan protection to rural banks.

    Asia | 13 Jun 2024
  • Australia: Insurers welcome "Help to Buy" home programme

    The Insurance Council of Australia (ICA) says that it welcomes Australian Government initiatives designed to improve access to home ownership in Australia, adding that lenders mortgage insurance (LMI) is a crucial but sometimes overlooked component of the Australian home lending market.

    Asia | 27 May 2024
  • Kenya: Reinsurance CEO draws attention to financial lines

    The insurance sector can play a pivotal role in Kenya's economic recovery. In particular, financial lines can provide the stability that businesses in the country look for, according to Mr Steven Oluoch, CEO of MNK Re Kenya.

    Africa | 14 May 2024
  • Pacific: Rates decrease, led by financial and professional lines

    Insurance rates in the Pacific region declined by 2% in the first quarter of 2024, according to the "Global Insurance Market Index" published by Marsh.

    Asia | 03 May 2024
  • Inflation main driver for rising cargo crimes

    High inflation is a primary macroeconomic driver of cargo crime patterns and the rise in food and beverages as a stolen commodity is one such indicator according to annual Cargo Theft Report 2023.

    Asia Risk | 01 May 2024
  • India, Middle East, and Africa rates dip in all major product lines

    Insurance rates in the first quarter of 2024 declined 2% in the IMEA region, where rates for large and complex organizations are often driven or influenced by the reinsurance market, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.

    Middle East | 29 Apr 2024
  • Asia: Composite insurance pricing dips by 2% in 1Q2024

    Insurance rates in the first quarter of 2024 in Asia declined 2% after being flat for the three prior quarters, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.

    Asia | 26 Apr 2024