Tag Archives: premium
Cost competitiveness vital to expand in developing markets
A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.
CAPE-TOWN, South-Africa, May 13, 2013/African Press Organization (APO)/ – Africa cannot continue to be marketed as a country, when it is a continent of 54 countries, which, by 2040 will have the largest workforce in the world. The statement was made by the Economic Commission for Africa’s Executive Secretary, Mr. Carlos Lopes at the World Economic Forum on Africa this week during a session aptly titled:Myth Busting; investing in Africa.
Direct premium in China’s non-life sector annually grew by 23% on average during 2009-2012, according to a new report from A.M. Best Co. Amid rapid premium growth, non-life insurers faced solvency pressure relative to capital and surplus levels, as evidenced by the peak amount of new capital and subordinated debt issued by non-life insurers in 2011 and 2012. This report analyzes the factors that impact the solvency level of major non-life insurers as grouped by average capital adequacy levels over the past three years, and assesses whether each sector can sustain these levels under current growth rates and operating profitability.
LONDON, APRIL 2013
The 2013 renewals have been the most challenging in the history of the International Group of Protection and Indemnity (P&I) Clubs, of which there are 13 principal clubs. The average general increase was 8.5%, double that of 2012, with the range between the smallest and largest general increases being 11.5 percentage points, according to a recently released briefing from A.M. Best Co. The West Of England’s 3.5% rise was the smallest basic increase, but even this figure climbs to 7.5% when the increase in forecast deferred premium call is taken into account; this is still well below the 16.5% increase, as calculated on the same basis, sought by the Britannia Club.
A.M. Best Affirms Ratings of Orient Insurance Company (PJSC)
BEIJING /PRNewswire/ — Mali became the first African nation to announce it will give its domains for free. Today the Dot ML Registry published the launch schedule for the .ML top level domain space. Dot ML – the Mali domain name – will be operated by the Agence des Technologies de l’Information et de la Communication (AGETIC) as a generic, unrestricted, clean and global TLD focusing on individuals and businesses in- and outside Mali.