News

The old regulatory framework entailed limited access to financial advice, especially for low- and middle-income Australians.

TPR’s operating performance was ‘satisfactory’, AM Best said.

The industry saw its total assets reach $3.1b during the quarter.

AM Best forecasts that earnings and cash flows from Chubb Limited's operating subsidiaries will continue to support risk-adjusted capitalization if the need arises. 

The industry is forecast to grow at a compound annual growth rate (CAGR) of 3.0% to $91.6b in 2027.

Rupert Roberts and Christine Lau are the two newly appointed leaders at WTW.

Pablo Diago will report to Paul O’Neill, President of Commercial Lines Insurance for APAC.

It aims to lead the ASEAN (re)insurance industry in supporting ASEAN countries' efforts to achieve net-zero emission targets

The sovereign rating actions will pressure AIA Co and AIA International's Aa2 IFSR because of the position of its ratings relative to the sovereign ratings of its key markets.

Downgrade risks include failing profitability, capital adequacy, a downgrade of BOC Hong Kong's rating, and a decline in the ability or willingness of shareholders and affiliates to provide support.

The share of regional cross-border investment within Asia Pacific reached a 6-year high at 18% in Q3’23.

The top five markets contributing to IFRS operating profit were Hong Kong, Singapore, Vietnam, Malaysia, and mainland China.

Property damage and motor businesses were the two most affected lines of business.

The meeting was part of a series aimed at fostering close communication and mutual understanding between regulatory authorities and the financial industry.

Despite government support and brand awareness in Shaanxi, the insurer faces challenges in expanding its market share in the medium to long term.

Insured losses in the year alone have surpassed $100b, driven by thunderstorms.