Best’s News & Research Service - March 14, 2025 04:14 PM (EDT)
Best's News: Best's Rankings Find China Life Tops List of Largest Insurers in Asia-Pacific Region
OLDWICK, N.J. //BestWire// - China Life Insurance (Group) Co. was the largest insurer in the Asia-Pacific region in 2023 ranked by gross premiums written, according to a new Best's Rankings report, according to this week's Best's News.
Also in this week's Best's News:
— David Blades, associate director of industry research, AM Best, discusses the current state of the directors and officers insurance market, highlighting recent favorable results, the need for pricing stabilization, and the evolving risks that are reshaping underwriting. Blades spoke with AM Best TV at the PLUS D&O Symposium in New York City.
— State Farm General is urging California’s insurance commissioner to immediately grant its emergency interim request for 15% to 38% property rate hikes, saying any remaining issues can be resolved through settlement or at a full public hearing.
Best’s News is produced by AM Best for insurance professionals. To subscribe, visit www.ambest.com.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
(By Caroline Saucer, editor, BestWire: Caroline.Saucer@ambest.com)