AM Best to Present Reinsurance Industry Insights at Insurance Institute of London Webinar
AM Best will present a webinar hosted by The Insurance Institute of London (IIL) discussing the state of the global reinsurance market on 18 March 2021 at 11:00 a.m. GMT (3:00 p.m. GST).
During the one-hour event, Catherine Thomas, AM Best senior director, analytics, and Steven Chirico, director, will discuss the rating agency s view of the global reinsurance market and the factors behind its stable market segment outlook for 2021, including the major drivers of reinsurance results, the sufficiency of reinsurers capitalisation levels and the impact of new capital on market conditions. Despite AM Best s stable outlook, its rationale reflects a number of offsetting negative and positive market forces, and the analysts will provide insight on these specific attributes and contemplate when uncertainty and economic volatility will translate to more-normal operating conditions.
The People s Insurance Company Group of China (PICC), China s leading insurer, posted 566.1 billion yuan (about 87.9 billion U.S. dollars) in premium income in 2020.
Last year, PICC donated more than 35 million yuan in epidemic prevention funds and provided about 32,000 enterprises with comprehensive insurance for work and production resumption.
The company has launched 385 exclusive insurance products for poverty alleviation, and agricultural insurance has provided 2.4 trillion yuan in risk protection for 86.07 million households.
In 2021, PICC will accelerate its development of agricultural product insurance and commercial endowment insurance, and will promote the upgrading and expansion of science and technology insurance.
China s PICC sees 566 billion yuan in premium income in 2020 shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.