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Mar 29, 20231 min read
Insurers face marginal fall of 2.25% in net profit in 2022
The net income of the insurance market in the Philippines dipped by 2.25% to PHP46.68bn ($859m) in 2022 from PHP47.75bn, data released by...
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Mar 15, 20234 min read
Umbrella insurance body stresses need to address protection gaps
Arrowing protection gaps has become even more important due to the rise in recent years of four global mega trends that affect them...
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Feb 28, 20233 min read
Total economic and insured losses quakes likely to exceed US$25bn and $5bn respectively
Moody's RMS, a leading global catastrophe risk modelling and solutions company, estimates economic losses from the moment magnitude (Mw)...
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Feb 23, 20232 min read
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...
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Feb 23, 20231 min read
Allianz sees resilient 2022 full-year performance in the region
Germany's global insurer Allianz has announced that its total operating profit in Asia increased by 17% to EUR674m ($720m) in 2022. In...
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Feb 20, 20232 min read
Despite digital, consumers still want human connection
Companies in India have digitalized nearly all interfaces that connect with customers, but this reduction of physical effort has now hit...
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Feb 17, 20232 min read
Insured losses from climate events in recent weeks surpass 2022 losses from similar Nat CATs
Insured losses from the recent extreme weather events in New Zealand would exceed the comparable losses for all of 2022 which was already...
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Feb 3, 20232 min read
4Q2022 composite insurance pricing rises slowly but cyber insurance premiums soar
Insurance pricing in the fourth quarter in Asia increased by 2%, the same as in the prior quarter, according to the 4Q2022 "Global...
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