Adjusting to the end of an 80+ year monopoly does not take place overnight. The most significant issues relate to the ongoing adaptations which businesses, insurers, brokers, custo...>>

Property and Casualty Overview At the end of the second quarter of 2011, the soft market conditions that have characterized the commercial property and casualty market in Canada f...>>

In Chile economic growth is strong with a 6% projection for 2011. International demand for commodities produced in Chile: copper, cellulose and fish meal is strong, foreign investm...>>

China's insurance market continued to grow in the first half of 2011, with new regulations coming into effect around policy payments ("Cash before cover") and premium rates ("Pure ...>>

Colombia suffered large property losses throughout the country (estimated at US$4 billion) at the end of 2010 and first three months of 2011. Caused by heavy rains from "la Nina", ...>>

Global property insurance rates show signs of firming.>>

Rates in the global insurance market generally firmed in the second quarter of 2012.>>

Although insurance rates in most loss-affected geographies and classes of business continued to climb during the fourth quarter of 2011, in other classes and regions rates generall...>>

While catastrophe-exposed risks experienced tough insurance market conditions, pricing decreases in other lines of business fostered a stable environment over the past three months...>>

Following the first quarter’s earthquake in New Zealand, floods in Australia, and earthquake, tsunami and nuclear disaster in Japan, the second quarter of 2011 brought more d...>>

Similar to many markets, Hong Kong is experiencing the impact of the recent catastrophe losses. In the General Property market, underwriters are reluctant to offer rate reducti...>>

Indonesia continues to be the favoured market in Asia for foreign investment, with a stable political system and a growing economy. For the General Property and Casualty markets, ...>>

The Japanese market has clearly been focused on claims handling following the devastating March 11th Tohoku Earthquake, and subsequent tsunami and nuclear crisis. There has been a ...>>

The Malaysian insurance market continued to show stability, mirroring its neighbours in Southeast Asia, with minimal changes across most lines.>>

Mexico is the second largest insurance market in Latin America and has a penetration index of approximately 2% of GDP. The country has targeted a growth and structured plan to incr...>>

Peru is embracing its potential. The environment is excellent for capitalizing on the opportunities. The abundance of natural resources, benefiting from high commodity prices in th...>>

The Philippine market is not seeing the effects of the recent catastrophic events; given it contributes very little to the catastrophic losses elsewhere in the region. However, in ...>>

The first half of 2011 has been extremely active, with multiple natural catastrophes within the Asia Pacific region, including the devastating Japan earthquake and tsunami. Overal...>>

Puerto Rico is the largest island in the Lesser Antilles Region of the Caribbean. The island is slowly recovering from the U.S. economic recession, though unemployment remains at a...>>

When searching for an appropriate theme for the half-year Asia Insurance Market Report, it only seemed appropriate to use a term usually saved for street vendors selling merchandis...>>

Over the first half of 2011, the insurance market faced natural catastrophes, threats of political instability and legislative changes. This has led to the prospect of significant ...>>

Mid year 2011, the Latin America Caribbean region (LAC) has experienced expected and unexpected developments in their insurance markets. Despite growing economic stability, this is...>>

In the first half of 2011, the multinational insurance market continued to experience softening across some global property and all international casualty segments. Many insurers ...>>

The end of the June quarter closed out a tumultuous 18 months for the insurance market, which endured a string of catastrophic events across the globe. Starting with the Chilean ea...>>

Singapore's role as a regional hub for insurance and reinsurance makes it somewhat susceptible to global events, such as the recent natural catastrophes. The General Casualty sect...>>

The Korean insurance market shows more resistance to rate increases than the overseas reinsurance market. However, it is not totally immune from the global market trend.>>

Due to a significant economic recovery, Taiwan's non-life insurers saw revenues from premiums amount to NT$105.1 billion in 2010, up 3.74% year-on-year from NT$101.3 billion. The...>>

Thailand's insurance market has seen little change over the past six months. It just held a general election, which saw Yingluck Shinawatra assume control from the incumbent Abhisi...>>

U.S. automotive consumers returned to dealer showrooms, despite concerns about the economic outlook.>>

The casualty insurance market was in a state of transition in 2011 yet significant competition and capacity remained for most buyers.>>

Restructuring efforts engaged at the beginning of the economic downturn have significantly improved chemical companies’ balance sheets.>>

Game changing innovations continue to fuel a parade of mergers and acquisitions among communications, media, and technology companies.>>

The economy remains a major concern for the construction industry.>>

The financial impact of the global economic downturn remains the key issue for education institutions.>>

The entertainment and events industry faced challenging business conditions in 2011.>>

Although the U.S. economy has improved, the housing and real estate sector, unemployment rates, and the European debt crisis continued to affect financial institutions.>>

Health care reform is changing the risk landscape for insurable and uninsurable risks.>>

The global financial crisis, a volatile investment environment, and a shrinking economy have had a significant effect on the hospitality and gaming industry.>>

Product liability rates are expected to remain flat, barring market changing events, although larger loss generating insureds may see increases, reduction in capacity, and higher a...>>

Underwriting assessment and valuation of business interruption exposures continue to be problematic for both policyholders and insurers.>>

Underwriting assessment and valuation of business interruption exposures continue to be problematic for both policyholders and insurers.>>

The energy industry liability insurance marketplace—particularly excess liability—remains in a market cycle in which insurers are increasingly reluctant to agree to rat...>>

Public entities continue to manage the challenges of the slow economy and its budget shortfalls, although there was evidence of stabilization in late 2011.>>

As signs of strengthening appeared in the U.S. economy, the real estate industry slowly improved toward the close of 2011.>>

The retail/wholesale industry, particularly in the U.S., experienced a slow recovery in 2011.>>

Highlights The railroad industry continues to watch legislation that would change the liability limit cap on rail passenger incidents. Insurers are looking mo...>>

The industry and insurers continue to watch legislation that would raise the railroad passenger per-incident liability cap from $200 million to $275 million.>>

Catastrophe (CAT) losses worldwide in the first half of 2011 caused insurers and reinsurers to review rates, risk aggregations, and exposures as their CAT claim reserves were furth...>>

The government has maintained its control over the economy through nationalizations and policies that drive production, distribution, pricing of raw materials, goods and services. ...>>

With fierce competition continuing, General Property rates have decreased unless the risks fall under Compulsory Fire & Explosion Establishments which are subject to tariff rat...>>