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Property & Casualty Archive

Commercial top rate expansion estimated at 7.4% this year

The current top rate fee hardening in Australia’s industrial insurance coverage marketplace is expected to proceed into 2019, in particular in short-tail strains such as assets, says Swiss Re Institute. Commercial top rate expansion is estimated at 6% subsequent year, …

Insurance marketplace remains flat in first Nine months

Total insurance coverage premiums in China within the first 9 months of this year totaled CNY3.07trn ($440.6bn), appearing flat enlargement of 0.67% in comparison to the corresponding duration final year, in keeping with statistics launched the day gone by via …

India: Coastline faces severe danger

Despite the Coastal Regulation Zone (CRZ) pointers issued by way of the government and Coastal Zone Management Authorities (CZMA) appointed in quite a lot of states and union territories, the sea coast of India is in a deficient state, in …

Insurance regulator calls for brand new concepts to develop trade

The Indonesia insurance coverage regulator has referred to as on all sectors of the trade to get a hold of new concepts to help jump-start the advance of the field. Mr Riswinandi, govt head of Non-Bank Financial Institutions Supervision at …

Insurance institute to pave the best way for business in neighbouring markets

Thailand Insurance Institute (TII) has plans to offer coaching in neighbouring international locations to be able to pave the best way for Thai insurance coverage companies to do companies in close by markets. TII director Mr Tadthep Sujitjorn mentioned the …

P& C insurers to look charges hardening

S&P Global Ratings expects forged underwriting results and related returns throughout Australia’s P&C insurance coverage business in 2019, reflecting contemporary fee hardening throughout many traces. Insurers’ underlying running performances for the year to 30 June 2018 (FY2018), benefited from fee …

Asia: Insurance hole within the area grows to US$134bn

The underinsurance hole in Asian nations has widened through 9.4% to $134bn nowadays from $122.5bn in 2012, in keeping with new analysis from Lloyd’s, the sector’s specialist insurance coverage and reinsurance marketplace, and the unbiased consultancy Centre for Economics and …

China: PICC lowers home proportion factor quantity

The People’s Insurance Company (Group) of China., the country’s biggest belongings insurer, has reduce the scale of a deliberate first-time home proportion sale and indicated it is going to continue when the marketplace improves, studies Bloomberg News. Source hyperlink

India: Insurance trade forecast to pass US$100bn mark in FY2019

India’s insurance coverage trade is expected to peer general premiums of INR6.8trn ($105bn) within the current monetary year finishing 31 March 2019 (FY2019). Source hyperlink