Further correction to Asia marine likely to be elusive 亚洲水险市场的进一步改善可能难以捉摸
22 – 03 – 2023
Candace Chan – Managing Director – Hong Kong 陈慧兰 瑞恩保险经纪有限公司董事总经理，香港
InsuranceAsia News
亚洲海洋保险市场在经历了三年的相当不错的增长后，保险公司和经纪人看到了一些市场放缓的迹象。然而，很少有人认为该行业会重新陷入承保能力过剩和利润薄弱的旧日困境。
正如InsuranceAsia News报道的那样，瑞恩保险经纪合伙人、香港董事总经理陈慧兰分享了她的看法：
“该地区的保险公司今年倾向于采取更加审慎和保守的做法，以实现其账面的盈利，而不是仅仅满足收入增长目标。
由于多种原因，包括但不限于赔付结果不佳、船舶险临分能力减少以及在该地区船舶险合约保费不充足的长期困境，船舶险市场出现了一些紧缩。”
然而，亚洲地区的价格上涨速度仍远落后于欧洲和美国市场。在水险中的货运险方面，该地区的费率保持相对平稳，保险公司难以推动提价，而客户继续坚持降价。
竞争压力可能会进一步加剧费率下降。
“像拥有良好赔付记录的大型或表现良好的风险（例如大宗商品）又经历了价格下降。
在某些国家，如韩国，竞争压力尤其严重。”
“对于在韩国表现不佳的业务，费率下降5%左右是相当普遍的。”
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Insurers and brokers are seeing some softening of the marine insurance market in Asia, following three years of fairly decent growth. However, few expect the sector to lapse back into the bad old days of over-capacity and weak profitability.
As reported by InsuranceAsia News, Candace Chan, Managing Director of Rare Earth Insurance Partner’s Hong Kong operations shares her perspective:
“Insurers in the region have tended to adopt a more prudent and conservative approach this year, aiming at the profitability of their books rather than meeting top lines only.
There has been some hardening of the hull market, for a number of reasons, including but not limited to the poor loss result, reduction of facultative hull capacities, and the continual difficulties of completing their hull treaties in the region”.
Despite this, though … “the price increase in Asia lags behind the European and US markets. In terms of marine cargo insurance, rates remain fairly flat in the region, with insurers struggling to push for an increase and clients continuing to insist on reductions”.
Mounting competitive pressure could put further pressure on rates.
… “Large or well-performing risks, such as commodity accounts with clean loss records, are in particular experiencing pricing decreases.
Competitive pressure in certain countries – Korea being an obvious example – has been particularly acute.
… Rate reductions of up to 5% for non-performing accounts in Korea have been fairly common”.
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