We have all heard stories of import cargo arriving with water or moisture damage and the Insured/Consignee complaining bitterly when their claim is denied, believing that they have paid a lot of money for insurance that is worthless.
Property and casualty (P&C) insurer Travelers Companies Inc. has reported a 20% drop in quarterly profit due to hurricane-related claims and lower returns on its investments.
UPC Insurance is expecting 27,000 to 30,000 claims from hurricane Ian, driving an estimated gross loss of $1 billion.
High-net-worth Chinese people are showing increasing interest in and stronger demand for life insurance amid unsteady times, industry insiders said.
COVID-19 pandemic-related claims are likely to linger for the remainder of this year, says Fitch Ratings. However, the global credit rating agency expects claim severity to subside as the world continues to adapt.
The Asian Development Bank (ADB) has signed an agreement with five leading global insurers which will mobilize up to $1bn of financing capacity to support lending to financial institutions in Asia and the Pacific.
Major Asia-Pacific reinsurers sustained the ability to deliver stable operating and return on equity ratios in 2021, with average annual net premium growth of nearly 10% in the most recent five-year period, according to a new AM Best report.
The Australian Securities and Investments Commission (ASIC) has listed its strategic priorities for the years ahead until 2026.
WTW has released the latest cyber insurance market update, providing an overview of key developments in the cyber insurance market and analyzing the conditions for domestic and international companies using the London insurance market to transfer risk.
It’s QBE Insurance Group’s turn to reveal how it’s performing so far this year – and for group chief executive Andrew Horton, the global insurer’s financial results for the first half of 2022 are a demonstration of resilience despite a decrease in earnings.
