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The Medical Aftermath of Typhoon Haiyan

As the Philippines struggles to recover from one of the largest weather events on record, Typhoon Haiyan, medical personnel work hard to treat storm injuries and everyday medical issues.

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Allianz optimistic about 2012 development

The Allianz Group has a rich history dating back to 1890 and prides itself on being able to offer solutions in insurance, banking and asset management areas. Insurance wise, Allianz thrives in Europe and has especially excelled itself in the German market. 2012 has started off in a positive direction for the company and CEO Michael Diekmann sees this trend continuing for the rest of the year. On May…

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Indonesia Quakes Could Cause Coverage Concern

A massive undersea earthquake registering a magnitude of 8.6 struck off the coast of Indonesia's Sumatra Island yesterday, causing tremors in nearby provinces and countries and triggering tsunami warnings across the Indian Ocean. Although the incident now appears to have produced little in terms of property damage or any casualties, insurers have once again been reminded of the sizeable risks that…

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QBE Revises Margins Outlook Despite 1H Profits

Australian insurance giant QBE has reported a significant rise in half-year profits, but have, at the same time, also been quick to downplay their full-year margin expectations due to the unprecedented string of heavy catastrophe claims incurred in 2011. In a statement released to the Australian Stock Exchange, QBE posted a 53 percent rise in net profit for the six months of 2011 to June 30, up to…

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Reinsurance Fallout from Q1 Catastrophes Continues

More established players in the reinsurance market are set to release their quarterly accounts and reassess their capacity to now meet annual growth targets.

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Q1 Catastrophes Hit Global Reinsurance Business

Several multinational property and casualty insurance companies have had their first-quarter earnings significantly impacted by the catastrophic losses due to earthquakes in Japan and New Zealand and the severe floods in Australia.

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Korean insurers going global, introducing domestic earthquake coverage.

South Korea currently boasts one of the ten largest insurance markets in the world with a particularly high-penetration rate in regards to life insurance. While the country's insurance sector is made available to foreign multinationals, both the life and non-life segments continue to be dominated by large domestic companies. In order to maintain their growth, Korean insurance firms are now looking…

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