AGP Executive Report
Last update: 11 hours agoCVS Restructuring: CVS plans to split by mid-2028, separating its 9,000 retail pharmacies from an insurance and health-services business that will retain Aetna and CVS Caremark. The move reverses years of expansion, while leaving the pharmacy-benefit manager inside the insurance arm. Reinsurance Outlook: Abundant capacity is softening APAC prices despite persistent catastrophe risks. Verisk plans flood models for Australia and New Zealand in 2027 and Japan in 2028. Australian Health Cover: Claims are rising faster than premiums, squeezing insurers’ margins; benefits paid reached A$28 billion in the year to June, up nearly 30% in five years. India Motor Rules: New IRDAI rules from December 15 will offer four coverage layers for cars and two for two-wheelers, giving buyers more choice. Insurer Results: PICC P&C’s nine-month profit fell 36% amid weak investment returns, though its combined ratio improved to 95.8%. Disaster Protection: A new UN-backed insurance safety net, supported by Gallagher Re and Liberty Mutual, aims to deliver aid to families before disasters strike.
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