Fitch Ratings says in a new special report that the reinsurance market in Asia is still in a nascent stage with abundant growth opportunities. Asian contribution to total global reinsurance …Read the Rest
The Treasury’s Federal Insurance Office yesterday announced that it’s looking for public comments — with a special focus on systemic risk — as part of a report on modernizing insurance …Read the Rest
Amid trying conditions, which include subdued investment, rising inflation and the remnants of 2009 catastrophes, the insurance industry performed well in 2010 remaining profitable with solvency at comfortable levels, the …Read the Rest
Over the past 10 years, there have been scores of regulatory guidelines, notifications and orders issued by the Insurance Regulatory and Development Authority (Irda). Each change is widely reported in …Read the Rest
Rising dissatisfaction with escalating auto insurance costs is sweeping through the nation. It has spurred an increase in the number of fraudulent claims being filed with insurance companies.Recent data from …Read the Rest
Insurance companies look set to report weak third-quarter earnings after falling markets and Mother Nature conspired to batter an industry that already was having one of its worst years. The …Read the Rest
A myth floats around among those seeking free-market solutions to climate change that insurers will be a positive force. Insurers are worried about the impact of climate on their business …Read the Rest
For an industry that has risk assessment as its core area of expertise, one intangible — luck and oodles of it at that — seems to have helped it sail …Read the Rest
The effects of the Arab Spring on all sectors of economic and business life will be profound, and not always benign. Forecasters have had a good six months to analyse …Read the Rest
The UK insurance industry is pressing the City regulator to push ahead with some parts of a new European capital regime at the start of 2013 in their domestic market, …Read the Rest