Analytics Archives - InsuranceAsia News https://insuranceasianews.com/post_category/analytics/ Tue, 26 Aug 2025 10:20:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Lloyd’s Asia surpasses US$1bn GWP milestone in 2024 amid double-digit growth https://insuranceasianews.com/lloyds-asia-posts-17-gwp-growth-to-us1-2bn-in-2024-amid-mixed-underwriting-results/ Tue, 26 Aug 2025 23:30:10 +0000 https://insuranceasianews.com/?p=198216 Offshore fund demonstrates strong performance despite challenges in the Singapore unit and varied underwriting results across business lines.

The post Lloyd’s Asia surpasses US$1bn GWP milestone in 2024 amid double-digit growth appeared first on InsuranceAsia News.

]]>

Lloyd's Asia recorded SG$1.5 billion (US$1.17 billion) in GWP in 2024, representing 17% growth from SG$1.3 billion a year earlier, according to a filing provided by the Monetary Authority of Singapore...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Lloyd’s Asia surpasses US$1bn GWP milestone in 2024 amid double-digit growth appeared first on InsuranceAsia News.

]]> Hong Kong’s P&C reinsurance market narrows gap with Singapore https://insuranceasianews.com/hong-kongs-pc-reinsurance-market-narrows-down-the-gap-with-singapore/ Wed, 07 May 2025 23:30:18 +0000 https://insuranceasianews.com/?p=189310 Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.

The post Hong Kong’s P&C reinsurance market narrows gap with Singapore appeared first on InsuranceAsia News.

]]>

The Hong Kong (re)insurance market managed to significantly reduce the gap with its local rival Singapore in terms of gross written premiums in 2024 as the city benefited from its recent shift to risk...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Hong Kong’s P&C reinsurance market narrows gap with Singapore appeared first on InsuranceAsia News.

]]> Short-tail performance boost for Australia’s P&C carriers https://insuranceasianews.com/australias-general-insurance-cor-improves-to-85-6-in-q4-2024-profit-after-tax-almost-doubles-to-us1bn/ Mon, 03 Mar 2025 23:30:59 +0000 https://insuranceasianews.com/?p=177605 APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.

The post Short-tail performance boost for Australia’s P&C carriers appeared first on InsuranceAsia News.

]]>

The net combined ratio for general insurance in Australia improved by 8.1 percentage points (pps) to 85.6% in Q4 2024 compared, with the 93.7% reported in Q4 2023, according to quarterly statistics re...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Short-tail performance boost for Australia’s P&C carriers appeared first on InsuranceAsia News.

]]> Australian intermediated premiums grow 8.2% in 2023-24 https://insuranceasianews.com/australian-intermediated-premiums-grow-8-2-in-2023-24/ Thu, 17 Oct 2024 23:30:56 +0000 https://insuranceasianews.com/?p=165069 While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.

The post Australian intermediated premiums grow 8.2% in 2023-24 appeared first on InsuranceAsia News.

]]>

Showing a market in rude health, the total general insurance gross written premium (GWP) placed by Australian intermediaries during financial year 2024 ( July 2023 to June 2024) was up 8.2% over the c...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Australian intermediated premiums grow 8.2% in 2023-24 appeared first on InsuranceAsia News.

]]> Alternative risk solutions on the table for non-modelled perils at 1.1 renewals https://insuranceasianews.com/alternative-risk-solutions-on-the-table-for-non-modelled-perils-at-1-1-renewals/ Tue, 08 Oct 2024 23:30:04 +0000 https://insuranceasianews.com/?p=164344 The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.

The post Alternative risk solutions on the table for non-modelled perils at 1.1 renewals appeared first on InsuranceAsia News.

]]>

There can be little doubt that the scale and severity of so-called secondary perils is now a massive issue for the APAC (re)insurance market, and it’s one that Tony Gallagher, CEO, Asia Pacific, at Gu...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Alternative risk solutions on the table for non-modelled perils at 1.1 renewals appeared first on InsuranceAsia News.

]]> Hong Kong premium growth and claim frequency are converging to normal level: HKIA https://insuranceasianews.com/hong-kong-premium-growth-and-claim-frequency-are-converging-to-the-normal-level-hkia/ Mon, 30 Sep 2024 23:30:38 +0000 https://insuranceasianews.com/?p=163851 According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.

The post Hong Kong premium growth and claim frequency are converging to normal level: HKIA appeared first on InsuranceAsia News.

]]>

Hong Kong general insurance market maintained a modest growth in total gross written premiums (GWP) of 4.6% to HK$67.3 billion in 2023, overall underwriting profit, however, shrank by 76.3% to HK$1 bi...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Hong Kong premium growth and claim frequency are converging to normal level: HKIA appeared first on InsuranceAsia News.

]]> APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth https://insuranceasianews.com/apac-2023-marine-premiums-rises-7-5-as-global-trade-recovery-drives-cargo-insurance-growth-iumi/ Tue, 17 Sep 2024 23:30:38 +0000 https://insuranceasianews.com/?p=162886 While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.

The post APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth appeared first on InsuranceAsia News.

]]>

Asia Pacific marine insurance premiums for 2023 continued its rally since its downward trend ended in 2016, reaching US$10.9 billion, up about 7.5% from the US$10.2 billion reported a year ago. The re...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth appeared first on InsuranceAsia News.

]]> Australian underwriters incur 23% lower public liability claims in 2023 https://insuranceasianews.com/australian-underwriters-incur-23-lower-public-liability-claims-in-2023/ Thu, 22 Aug 2024 23:30:58 +0000 https://insuranceasianews.com/?p=161067 Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.

The post Australian underwriters incur 23% lower public liability claims in 2023 appeared first on InsuranceAsia News.

]]>

Public liability gross claims incurred by Australian underwriters in 2023 accounted for AU$96.4 million (US$65 million) for AU$2.96 billion gross written premium (GWP), 23.5% lower than AU$128.4 milli...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Australian underwriters incur 23% lower public liability claims in 2023 appeared first on InsuranceAsia News.

]]> Korean insurers’ record H1 results marred by motor results slump https://insuranceasianews.com/korean-insurers-record-h1-results-marred-by-motor-results-slump/ Thu, 15 Aug 2024 23:30:39 +0000 https://insuranceasianews.com/?p=160590 Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.

The post Korean insurers’ record H1 results marred by motor results slump appeared first on InsuranceAsia News.

]]>

The big four Korean non-life carriers have reported record growth in their profits in the first half of the current financial year (FY 2024), driven notably by underwriting.
While much has been made a...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Korean insurers’ record H1 results marred by motor results slump appeared first on InsuranceAsia News.

]]> Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results https://insuranceasianews.com/singaporean-carriers-extend-lead-as-peers-in-hong-kong-hit-by-underwriting-losses/ Thu, 09 May 2024 23:30:38 +0000 https://insuranceasianews.com/?p=153666 While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.

The post Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results appeared first on InsuranceAsia News.

]]>

In 2023, Singapore and Hong Kong (re)insurance markets both saw mid-single-digit growth in the gross written premiums (GWP), however, the carriers in the Lion City posted significantly better underwri...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results appeared first on InsuranceAsia News.

]]>