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Reinsurance renewals indicate signs of hardening
Insurers and takaful operators (ITOs) have reported increased reinsurance rates on the renewal of cover, higher reinstatement costs for...
Apr 11, 20231 min read
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1 April reinsurance renewals see pragmatic outcome
1 April reinsurance renewals progressed in an orderly fashion in Asia Pacific, as the reinsurance market found itself on a more...
Apr 11, 20232 min read
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Reinsurers' discipline undiminished at 1 April renewals
Reinsurance buyers were unable to avoid the variable but universal price corrections driving rates up at the 1 April renewals, according...
Apr 4, 20232 min read
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Global insurance market to remain hard driven by increased demand and inflation
The hard market in (re)insurance is expected to continue, based on increased demand for coverage and because of inflation-driven higher...
Mar 24, 20233 min read
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Munich Re reports jump in profit to over US$3.6bn in 2022
Global reinsurance giant Munich Re has posted a profit of EUR3,419m ($3,622m) in the 2022 financial year, exceeding its profit guidance...
Feb 27, 20232 min read
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New solvency assessment requirement elevates insurance regulation
The Philippines' adoption of Own Risk and Solvency Assessment (ORSA) standards is a positive development that will elevate the country's...
Feb 23, 20232 min read
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Swiss Re reports net income of US$472m for 2022, targets more than $3bn for 2023
Global reinsurance giant Swiss Re has reported a net income of $472m for 2022, with a net income of $757m in the fourth quarter. For...
Feb 21, 20233 min read
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APAC reinsurance hindered by natural hazard losses and inflation
With APAC's exposure to extreme weather events leading to unsustainable natural hazard losses and high inflation worsening them,...
Feb 21, 20232 min read
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