Marsh has now released its latest quarterly briefing on the state of the market and its trends. The most recent report released by Marsh has shown that the insurance news from around the world appears to indicate that the rates have been solidifying throughout the entire first quarter of the year. This firming trend is continuing one that has been continuing over the last year and a half. The insurance news report from Marsh showed that several parts of the globe have, overall, experienced a relatively stable rate environment. The…
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Life insurance report shows Thai growth next year
Fitch Ratings has released its predictions for the growth of the sector in Thailand’s marketplace. According to data from Fitch Ratings, next year, the life insurance sector in Thailand should be seeing steady growth in its premiums. This is supported by the growing affluence among its residence and the increased product awareness. The recent catastrophes that have been faced by the people of Thailand have made them more aware of the availability and importance of life insurance coverage. This was published in the research firm’s “2013 Outlook: Thai Life Insurance…
Read MoreInsurance industry warning released by Lloyd’s of London
The oldest market of insurers in the world has issued a caution to the globe. Lloyd’s of London, the oldest coverage market worldwide, has issued a warning to the insurance industry, cautioning it that if a natural disaster should strike in emerging economies, the cost of rebuilding could be enormous. It has included over a dozen emerging economies in its warning against tremendous rebuilding bills. In fact, it pointed out that there is currently a global insurance industry deficit worth £104 million ($168 million), and that this is now affecting…
Read MoreInsurance news reveals the launch of a new global association
The GFIA has 31 founding members from around the world. The latest insurance news is now including the start of the Global Federation of Insurance Associations (GFIA) which includes 31 founding members from around the world and represents 87 percent of the worldwide industry business. Among the founding members is the Insurance Council of Australia. According to an insurance news statement made by Rob Whelan, the CEO of the council, “Insurance is very much a global business, and insurance industry associations face many of the same issues across the world,…
Read MoreInsurance news report shows global prices increased 1.4 percent worldwide
The Marsh data was included in its index for Q2 2012. If the forecasts based on the most recent insurance news report from broker, Marsh, are accurate, then the worldwide prices are aligned for a third consecutive quarter of increases, as the industry works to strengthen its financial situation following the sizable catastrophe claim payments in 2011 that approached record levels. The second quarter 2012 average global prices were 1.4 percent higher than they were last year. According to the Marsh Risk Management Global Insurance Index – which tracks the…
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