According to rankings and analyses released yesterday by Insuramore, a provider of services and consultancy with a primary focus on the insurance sector, the world's top 20 insurance broking groups as measured by total insurance broking revenues in 2020 (combined of fees and commissions earned) accounted for just over a half (52,3%) of global insurance broking revenues in 2020.
Positive pricing momentum has driven premium growth in the global reinsurance sector in the first quarter of 2021, according to a new report from Willis Re.
A State Council executive meeting presided over by Premier Li Keqiang has decided to provide wider farm insurance for 13 major grain production provinces, in order to help farmers fend off risks and stabilise income from planting rice and wheat.
Global insurance brokerage Hub International Limited has launched a new liability/umbrella insurance product designed for transportation clients, to broaden coverage and protect them from potential major losses from nuclear verdicts.
The Financial Services Commission (FSC) has given preliminary approval for a non-life insurance licence for Kakao. This is the first time a non-insurance company has been approved to offer digital insurance services.
The number of tropical cyclones forecast to form between 1 April and 30 September this year is above normal, according to Guy Carpenter, the reinsurance broking arm of Marsh McLennan.
Overall general insurance business in Hong Kong has seen a 55.6% jump in underwriting profit to HK$512m ($66m) for the first three months of this year compared to HK$329m for the corresponding period last year, according to data from the Hong Kong Insurance Authority.
Global insurer Willis Towers Watson (WTW) has launched a new sports & entertainment (S&E) industry group that will support its global network with S&E organizations to identify, mitigate, and transfer risks associated with the sector.
The CBIRC has issued "Regulations on the Management of Reinsurance Business (Draft for Comment)", containing proposed revisions to reinsurance regulations that were last updated in 2015.
While there is no question that the COVID-19 pandemic had an impact on the auto insurance market, a new report from LexisNexis Risk Solutions found that last year was a “rollercoaster year” for business trends.
