trending Market Intelligence /marketintelligence/en/news-insights/trending/-GoRc7B8P22aX7yH-tBHzw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Australian bushfires insurance losses mount; Allianz opens China holding company

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Australian bushfires insurance losses mount; Allianz opens China holding company

S&P Global Market Intelligence offers our top picks of insurance news stories and more published throughout the week. Please note that some entries may have links to third-party sources that may require a subscription.

Australia bushfires, Philippine volcano eruption woes

* The Insurance Council of Australia said insurance losses related to bushfires that have burnt huge swaths of the southeastern part of the country have reached A$1.34 billion, much higher than its prior estimate of A$939 million.

* Youi Pty. Ltd. (Australia)'s estimated gross losses, excluding potential reinsurance recoveries, from bushfires in Australia is between A$25 million and A$40 million.

* The Philippine government is set to relaunch bidding for a one-year program to insure public assets from natural catastrophes. This comes after the January 12 eruption of the Taal Volcano, the Philippine Daily Inquirer reported.

Deals, expansions and more

* Woori Financial Group Inc. did not participate in the preliminary bidding round for the South Korean unit of Prudential Financial Inc., The Korea Herald reported.

* Electronic commerce company Flipkart Online Services Pvt. Ltd. co-founder Sachin Bansal has acquired DHFL General Insurance Ltd. for 1 billion Indian rupees, The Economic Times reported.

* Allianz Group officially opened its fully owned insurance holding company in China, the first one of its type in the country's market, Insurance Business reported.

In other news

* Nippon Export & Investment Insurance signed a reinsurance agreement with Mitsui Sumitomo Insurance Co. Ltd. to share risk on overseas investment insurance.

* Malaysia's RHB Islamic Bank Bhd. decided to discontinue its bancatakaful agreement with Syarikat Takaful Malaysia Keluarga Bhd., effective July 31.

* Credit Suisse analyst Andrew Adams upgraded Australia's QBE Insurance Group Ltd. to "outperform" from "neutral" and raised the price target to A$15 from A$12.55.

Featured on S&P Global Market Intelligence

Data Dispatch: Australia's largest insurers brace for greater bushfire severity as claims grow