Reinsurance News
non-life
AM Best affirms stable outlook for Spain’s non-life insurance segment
27th May 2025
AM Best has affirmed its Stable outlook for Spain’s non-life insurance segment, citing a number of positive trends that are expected to help improve the sector's performance. These include the increasing prominence in health and catastrophic risks, which AM Best argues is reshaping the competitive landscape; the ongoing motor insurance pricing ... Read the full article
Reinsurance capacity growth supports Philippine’s non-life insurance stable outlook: AM Best
21st May 2025
Credit rating Agency AM Best has maintained a stable outlook on the Philippine non-life insurance market, citing growth factors and steady increase in the availability of reinsurance capacity in the country, which is expected to mitigate catastrophe risks for insurers while preserving market share. The agency anticipates that price corrections in ... Read the full article
AM Best maintains stable outlook for Japan’s non-life insurance sector amid structural improvements
19th May 2025
AM Best, the credit rating agency, is maintaining its stable outlook for Japan’s non-life insurance industry, reflecting improved underwriting fundamentals, especially in the fire insurance segment, and the positive impact of stronger regulatory oversight. The Financial Services Agency (FSA) has taken a more assertive stance over the past 18 months, focusing ... Read the full article
Stable outlook for UK non-life insurance sector reflects resilient fundamentals: AM Best
14th April 2025
The United Kingdom's non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant developments in late 2024 was the upward revision of the Ogden discount rate, which ... Read the full article
AM Best maintains stable outlook on India’s non-life insurance sector amid strong growth
17th January 2025
AM Best, the credit rating agency, has affirmed a stable outlook for India's non-life insurance sector, citing strong growth potential fuelled by regulatory initiatives and increasing insurance demand. Insurance premiums in India’s non-life segment grew at a double-digit rate for the fiscal year ending 31 March 2024 (FY 2024), as detailed ... Read the full article
Supporting non-life and life sectors is a key focus for 2025: De Monte, Lloyds Bank
7th January 2025
During a recent interview with Reinsurance News, Christian De Monte, Lloyds Bank Corporate & Institutional Banking Head of Insurance and Group Subsidiaries, discussed what the firm's main priorities are for its insurance business throughout 2025. Readers may recall, that De Monte was named Managing Director, Head of Insurance and Group ... Read the full article
AM Best maintains stable outlook for Malaysia’s non-life insurance market
30th December 2024
AM Best, a globally recognised credit rating agency specialising in the insurance sector, has maintained a Stable outlook for Malaysia’s non-life insurance market. This assessment is based on key factors such as anticipated premium growth driven by economic recovery, regulatory reforms aimed at increasing insurance penetration, and rate adjustments. However, the segment ... Read the full article
AM Best maintains negative outlook on Germany’s non-life insurance sector amid inflationary pressures
18th December 2024
AM Best, the global credit ratings agency, has confirmed that it is maintaining its negative outlook for the German non-life insurance segment, citing moderate growth on an inflation-adjusted basis, as well as a persistent claims inflation and competitive environment impacting underwriting profitability. In a new report, the agency reveals that it ... Read the full article
Fitch’s outlook remains neutral for the European insurance sector for 2025
4th December 2024
Fitch Ratings has revealed that its outlook for the European insurance sector remains 'neutral' for 2025, which according to the agency, reflects resilient operational and business conditions, and disciplined pricing, amid falling bond yields, easing inflation and moderating non-life premium rates. Analysts noted that the outlooks for the underlying sectors are ... Read the full article
AM Best maintains stable outlook for South Korea’s non-life insurance sector
26th November 2024
AM Best has maintained a stable outlook for South Korea's non-life insurance sector, citing moderate industry growth driven by long-term business as insurers focus on securing stable future profits under IFRS 17 accounting standards. The global ratings agency noted that new regulations are encouraging insurers to enhance profitability despite growing competition, ... Read the full article
AM Best maintains stable outlook for New Zealand’s non-life insurance sector
15th November 2024
AM Best, the global credit ratings agency, is maintaining a stable outlook on the New Zealand non-life insurance segment, citing the sector's robust premium growth supported by rate adjustments, notably within the property, motor and commercial segments, in spite of a challenging economic environment. The agency also cites positive factors, including, good ... Read the full article
AM Best revises Indonesia’s non-life insurance segment to stable
8th October 2024
Global credit rating agency AM Best has confirmed that it has revised the outlook to stable from negative for Indonesia's non-life insurance segment, owing to a number of factors that include solid growth prospects, the potential for compulsory third-party liability (TPL) insurance for motorists, and regulatory changes that are expected ... Read the full article
AM Best maintains stable outlook for China’s non-life insurance sector
18th September 2024
AM Best has maintained a stable outlook for China’s non-life insurance sector, pointing to factors like a supportive regulatory environment, increased awareness of health insurance, and growth potential in the electric vehicle insurance market. The ratings agency notes that the sector's solvency ratios under the China Risk-Oriented Solvency System (C-ROSS) stabilised ... Read the full article
AM Best revises Taiwan’s non-life insurance segment to stable
18th September 2024
AM Best, the global credit rating agency, has revised its outlook on Taiwan’s non-life insurance segment to stable from negative, following a recovery of capital strength among carriers in 2023 after suffering sizeable pandemic-related losses in the previous year. Another key factor that underpins the outlook revision is that insurers reportedly ... Read the full article
Better motor and buildings insurance results support German non-life earnings: Fitch
28th August 2024
Fitch Ratings has revised its sector outlook for the German non-life insurance market to ‘improving’ from ‘neutral’ in June 2024, as the rating agency predicts better underlying profitability supported by strongly rising premium rates in motor and buildings insurance. According to a recent Fitch report, the sector premium is now forecasted ... Read the full article
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