Insurer AGCS 'seeing a much-stronger increase in premiums' for 2019
It will probably take 2-3 years to get back to adequate premium to risk relationship: CEO
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Dennis Chan
Singapore
INSURANCE premiums are likely to see a firmer rise this year following a marginal increase in 2018, said Allianz Global Corporate & Specialty (AGCS) chief executive Chris Fischer Hirs.
The overall market rose for the first time in 2018 after years of decline - and it will take several more years of premium adjustments before the risk-reward balance can be restored, Mr Fischer said in an interview with The Business Times.
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