emerging markets News

Emerging Mkt Infrastructure Projects to Bring Premiums of $50B in Next Decade: Sigma

Investment in infrastructure development is set to be one of the main drivers of growth in emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest sigma report. Emerging markets will invest US$2.2 trillion in infrastructure annually over …

Africa Re Joins World Bank’s IFC to Build Crop Insurance Market for Nigeria’s Farmers

The International Finance Corp. (IFC), a member of the World Bank Group, announced it has signed an agreement with Africa Re, the pan-African reinsurance company, to help small holder Nigerian farmers more easily access insurance to protect their crops and …

Emerging Markets to Drive Global Insurance Growth over Next Decade: Swiss Re’s Sigma

Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s latest sigma report. Discussing the macro-economic …

Allianz Chief Economist El-Erian Q&A on Trump Trade Battles, Emerging Markets, Brexit

The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group, Europe’s largest insurer. However, there was still a …

K&K Insurance Launches Program for eSports Teams, Events

K&K Insurance Group, Inc., a subsidiary of Aon plc has launched a new insurance program designed for the emerging market of eSports teams and events. Coverage offered includes sanctioned events, office premises, scheduled premises of the eSport team practices, participation …

QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth

QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to the creation of two separate divisions …

Global Premium Growth Slows in 2016 – with China as Exception: Swiss Re

Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute’s sigma study. The report described last year’s global premiums as “fairly solid,” despite moderate …

QBE Warns Emerging Markets’ Division Hit by Higher Claims

Sydney-based QBE announced that its Emerging Markets’ division has experienced “significantly higher than expected claims activity during the first five months of the year.” As a result, this division is expected to report a first half combined operating ratio of …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over …

Top 3 Causes of Global Liability Claims = 60% of Value: Allianz Report

Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty (AGCS). Collectively, these top three causes of loss for businesses account …