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Mar 24, 20233 min read
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...
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Feb 27, 20232 min read
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...
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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 21, 20233 min read
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...
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Feb 21, 20232 min read
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,...
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Feb 7, 20231 min read
Munich Re courtesy call
PIRA Officers exchange updates with the visiting Munich Re team on recent issues affecting the insurance and reinsurance markets. Photo...
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Feb 3, 20232 min read
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,...
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Feb 1, 20231 min read
Hard market in short-tail lines to prevail throughout 2023
S&P Global Ratings says that for global reinsurance, it expects the hard market in short-tail lines will continue throughout 2023. The...
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