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Asia Pacific

Set Alert for Insurance Day Regions :: Asia Pacific

QBE drops financial targets due to Covid-19 uncertainty

Australian carrier adds premium rate movements in the first quarter continued the ‘strong trends’ reported in the second half of 2019

Australia QBE

Japanese renewals 'largely unaffected' by Covid-19 crisis

Consensus is that reinsurance renewals at 4/1 could see hikes of 40% to 50%

International Japan

Japanese insurers' credit fundamentals unchanged: AM Best

Can withstand adverse market conditions of Covid-19 and equity volatility

Japan Coronavirus

ICA declares Covid-19 an insurance catastrophe

Extent of insured losses not yet known

Asia Pacific Australia

Reinsurers expect 50% rate hikes at 1.4: KBW

The industry is hoping for very significant rate increases at April 1 on some contracts

Reinsurance North America

Perils pegs Australian hailstorm losses at A$670m

Storm is fourth-largest Australian hail event of past two decades

Australia Losses
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