China
Chinese trade group releases draft motor reforms
The Chinese Insurance Association has released a series of draft amendments to the country's motor market for public consultation.
Hong Kong GI business grows 10%
Hong Kong's Office of the Commissioner of Insurance has revealed that total gross premiums of the Hong Kong general insurance industry in 2011 grew 10.7% to $34.7bn with net premiums up 8.5% to $23.8bn compared with 2010.
Asian states lobby EU in hope of Iran oil sanctions U-turn
European Union foreign ministers are expected to consider how the bloc's Iranian oil embargo will affect insurers at a meeting in Brussels next week, under mounting pressure from Asian states to change their stance.
In Series Emerging Markets: Asia has the right ingredients
Asia has all the key elements for an emerging market, with a number of countries in a vast and diverse area at various stages of development. How can insurers crack this market?
Auto traders distribute over 50% of motor premiums in emerging markets
Motor insurance is one of the most important components of non-life in emerging markets, according to recent research by Finaccord.
London tops KPMG report for investment
KPMG's Global Cities Investment Monitor has shown that London remains the top city in the world for foreign investment.
In Series Emerging Markets: Asia has the right ingredients
Asia has all the key elements for an emerging market, with a number of countries in a vast and diverse area at various stages of development. How can insurers crack this market?
Axa/QBE deals likely to pave way for onslaught of investment in Far East
The multimillion-pound deals struck in South East Asia by Axa and QBE last week produced the first ripple of what is expected to grow into a tidal wave of investment enquiries in the fast-growing region.
China opens up investment opportunities for Taiwanese insurers
A number of Taiwanese insurers have received approval from Chinese authorities to invest in the mainland's stock market.
Lloyd's quartet back Asian terrorism insurance consortium
Xin Consortium, a new insurance vehicle specialising in a Asian terrorism insurance, has been launched in Singapore.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
China unveils latest motor market liberalisation move with premium setting plan
The China Insurance Regulatory Commission is to allow some qualified insurers to set terms and premium rates for private motor insurance.
Mapfre expects 6% revenue increase in 2012, as 2011 rises 3.2%
In 2011, Mapfre achieved a net result of €963m, a 3.2% rise on the 2010 full year results.
Asia-Pacific reaches 3.3 million HNW overtaking Europe
Asia is now second only to North America in the number of high net worth individuals, and this continues to rise by 10% year on year, according to a new report.
Liberty CEO talks up China, India and Quinn after 87% drop in pre-tax income
Liberty Mutual has reported net income of $284m and $365m for the three and twelve months ended 31 December 2011, decreases of $292m and $1.313bn from the same periods in 2010.
Asian air traffic a game changer in aviation market, warns broker boss
Air travel in Asia Pacific is set to significantly surpass that of North America and Europe in the next five years, increasing the exposure of airlines operating in the region to potentially game-changing risks such as reputational risk.
Willis China claims broker first in Chongqing
Willis China, part of Willis Group Holdings, has been granted approval to open a new office in Chongqing by the Chinese Insurance Regulatory Commission, which it claims is a first for a foreign-owned broker.
China's state-owned credit insurer warns of export risk
China's only export credit insurer has warned of increased short-term export credit risk for firms in the first quarter.
Brics are not quick wins, says Lee
The emerging markets of Europe, the Middle East and Asia present "substantial opportunities", but insurers must be prepared to make a long-term commitment, according to RSA's chief executive officer.
European construction – back to good health?
Construction markets have suffered across the globe with the financial downturn biting hard. Edward Murray investigates whether there are any glimmers of hope for the European market in 2012.
Chinese 'big offensive' poll
Will insurers launch a big offensive on China now?
Prudential departure would be "severe blow", says Tory MEP
The market has been responding to the news that The Prudential, one of the UK's oldest insurance companies, may re-domicile abroad, due to a lack of clarity over how Solvency II will affect its business.
Protection needed for consumers to embrace 'mobile wallets'
Consumer interest in mobile transactions would be "exponentially higher" if secure protection products were an option, according to a survey on mobile trends by specialty insurer Assurant Solutions.
Top 10 news stories
Find out what the market has been reading about this week with the top 10 news stories from www.insuranceinsight.eu