India: Reserve Bank highlights sub-optimal solvency position of 3 state-owned general insurers

Published on January 7, 2024
The Reserve Bank of India, which is the country's central bank, has released its latest Financial Stability Report (FSR), which shows that three state-owned general insurers failed to meet solvency
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South Korea: Insurance market expected to rebound in 2024

January 7, 2024
The insurance market in Korea is forecast to rebound in 2024, with an expected growth rate of 2.6%, following a period of negative growth in 2023, says Korean Re in a blog posted on its website.

Japan: 1 Jan quake's impact on earnings of insurers expected to be manageable

January 8, 2024
The earnings impact on major domestic non-life insurers of losses stemming from the 1 January 2024 earthquake in Japan is expected to be manageable relative to the sector's net profit, says AM Best.