News
Insurance
German insurer Allianz is convinced of its reorganisation of the life business which is under pressure due to a low interest rate environment, especially in Germany where insurers have offered guaranteed returns to clients that are now difficult to meet. 17 February 2017
Insurance
Germany’s insurance giant Allianz expects its 2017 operating profit to match the €10.8 billion it earned in 2016, according to its results press release. 17 February 2017
Insurance
The Indian insurance market has recorded significant premium growth in between April 2016 and January 2017, but AM Best warns on growing risks. 16 February 2017
Insurance
January renewals evidence that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. 16 February 2017
Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
Insurance
A likely reduction in the UK's Ogden discount rate in February 2017 would result in higher costs for claims settled as a lump sum, Fitch Ratings said. 13 February 2017
Insurance
While Hannover Re has increased its growth and profit targets for 2017, Munich Re has suggested that it will earn less in 2017 than in 2016. However, the impression that Hannover Re is in better shape than its German competitor may be deceiving. 9 February 2017
News
Global reinsurers are piling into India in search for growth. A number of foreign reinsurers have recently received approval to open a branch in India. The list includes Swiss Re, Munich Re, Lloyd’s, Hannover Re and XL Catlin. 6 February 2017
Insurance
Global reinsurers are piling into India in search for growth, but this is likely to increase competition in an already soft market, according to experts speaking to Intelligent Insurer. 6 February 2017
Insurance
Fiscal budgets in the Middle East remain under pressure from low oil prices, which is likely to continue to result in reduced government expenditure and negative pressures in terms of insurance business volumes, according to AM Best. 3 February 2017
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