<p>標普全球評級表示，大埔的毀滅性火災可能會影響香港房地產保險公司的盈利能力，並可能促使它們重新審視在激烈競爭中導致保費降低的定價策略。\n 標普信用分析師 Emily Yi Chang Yoon 在一份報告中表示：“上週大埔王福苑的火災索賠損失將進一步侵蝕該行業的承保利潤。”\n 她補充説，香港的財產和意外保險公司在今年早些時候經歷了幾次極端天氣事件後，已經面臨更薄的收益。\n 評級機構表示，上週的火災造成至少 151 人遇難，影響至少 3300 名居民，可能使該行業的淨綜合比率——一個關鍵的盈利能力指標——在今年上升至 97% 至 98%，增加 2 至 3 個百分點。\n 該指標是通過將淨索賠和發生的費用相加，然後除以淨賺取的保費來計算的。任何超過 100% 的比例意味着保險公司在承保上出現虧損。根據標普的數據，2024 年香港的財產和意外保險公司的比例為 93.2%。\n 雖然王福苑的八棟大樓中有七棟受損，但保險損失主要來自於兩棟遭受最嚴重破壞的樓宇，標普表示。所有八棟樓的責任損害總額估計高達 26 億港元（約合 3.34 億美元）。\n 但評級機構指出，業主的額外索賠預計將進一步增加更廣泛保險行業的損失。\n\n 標普表示，作為該住宅區財產損失和與其翻新相關的第三方責任保險的承保方，中國太平保險（香港）預計將面臨 “相對較大的索賠”，但沒有提供具體數字。\n 總體而言，報告稱，影響對保險公司來説是 “可控的”，因為再保險將幫助主要保險公司減輕損失。再保險是保險公司為轉移部分財務風險而使用的保險。\n 根據標普的數據，該行業去年的再保險整體使用率約為 35%，而財產保險公司的使用率更高，達到 60%。\n 評級機構補充説，一些保險公司還將獲得其母公司的財務支持。\n 國有的中國太平保險，CPTI（香港）的母公司，已承諾全力支持其子公司協調再保險公司，並建立快速索賠結算和預付款機制。它還捐贈了 1000 萬港元，並在廣州提供 60 個免費住房單位，供三個月使用。\n 標普表示，這場火災可能促使房地產保險公司重新考慮其風險承受能力和定價政策，因為近年來在激烈競爭中保費已經下降。\n 報告稱，主要保險公司在未來擴展財產保險時可能會更加謹慎，因為這可能使其盈利能力更容易受到重大損失和自然災害的影響。\n</p>

中國太平

<p>香港大埔的致命火災預計將影響房地產保險公司的盈利能力，促使其重新審視定價策略。標準普爾全球評級指出，火災造成的索賠損失將侵蝕承保利潤，可能使淨綜合比率上升至 97-98%。受保損失可能達到 26 億港元，中國太平保險面臨重大索賠。再保險和母公司的支持將有助於減輕損失。這場火災可能使保險公司重新考慮其風險偏好和定價政策</p>

<p>The devastating fire in Tai Po is likely to hurt profitability at Hong Kong’s property insurers and could prompt them to review pricing strategies that have led to lower premiums amid fierce competition, according to S&amp;P Global Ratings.\n“Claim losses from last week’s fire at Wang Fuk Court in Tai Po will further erode the sector’s underwriting margins,” said Emily Yi Chang Yoon, credit analyst at S&amp;P, in a report.\nThe city’s property and casualty insurance companies already faced thinner earnings after several extreme weather events earlier this year, she added.\nThe fire last week, which killed at least 151 people and affected at least 3,300 residents, could raise the sector’s net combined ratio – a key measure of profitability – to 97 to 98 per cent this year, an increase of 2 to 3 percentage points, the rating agency said.\nThe metric is calculated by taking net claims and expenses incurred, then dividing by net earned premium. Anything above 100 per cent means insurers are taking a loss on underwriting. In 2024, the ratio for Hong Kong’s property and casualty insurers was 93.2 per cent, according to S&amp;P.\nWhile seven out of the eight towers at Wang Fuk Court were damaged, insured losses would mainly come from the two blocks that suffered the most severe destruction, said S&amp;P. The sum of liable damages for all eight blocks was estimated to be as high as HK$2.6 billion (US$334 million).\nBut additional claims by the homeowners were expected to add further losses to the broader insurance sector, the rating agency noted.\n\n\nChina Taiping Insurance (HK), the insurer for the housing estate’s property damage and third-party liability related to its renovation, was projected to face “relatively larger claims” than other major insurers, S&amp;P said, without offering a specific number.\nOverall, the impact would be “manageable” for insurers, as reinsurance would help primary insurers mitigate losses, according to the report. Reinsurance is insurance for insurance firms, which they use to transfer some of their financial risks.\nThe sector’s overall use of reinsurance stood at about 35 per cent last year, though property insurers logged higher usage at 60 per cent, S&amp;P said.\nSome insurers would also receive financial support from their parent companies, the rating agency added.\nState-owned China Taiping Insurance, parent of CPTI (HK), has vowed to fully support its subsidiary in coordinating reinsurers and establishing mechanisms for rapid claim settlement and advance payments. It also made a HK$10 million donation and offered 60 free housing units in Guangzhou for three months.\nThe fire could push property insurers to rethink their risk appetite and pricing policies, S&amp;P said, after premiums had declined in recent years amid intense competition.\nPrimary insurers could also turn more cautious about future expansion in property coverage, as it could make their profitability more vulnerable to large losses and natural catastrophes, the report said.\n</p>
<div class="lb-trans"><p>標普全球評級表示，大埔的毀滅性火災可能會影響香港房地產保險公司的盈利能力，並可能促使它們重新審視在激烈競爭中導致保費降低的定價策略。\n 標普信用分析師 Emily Yi Chang Yoon 在一份報告中表示：“上週大埔王福苑的火災索賠損失將進一步侵蝕該行業的承保利潤。”\n 她補充説，香港的財產和意外保險公司在今年早些時候經歷了幾次極端天氣事件後，已經面臨更薄的收益。\n 評級機構表示，上週的火災造成至少 151 人遇難，影響至少 3300 名居民，可能使該行業的淨綜合比率——一個關鍵的盈利能力指標——在今年上升至 97% 至 98%，增加 2 至 3 個百分點。\n 該指標是通過將淨索賠和發生的費用相加，然後除以淨賺取的保費來計算的。任何超過 100% 的比例意味着保險公司在承保上出現虧損。根據標普的數據，2024 年香港的財產和意外保險公司的比例為 93.2%。\n 雖然王福苑的八棟大樓中有七棟受損，但保險損失主要來自於兩棟遭受最嚴重破壞的樓宇，標普表示。所有八棟樓的責任損害總額估計高達 26 億港元（約合 3.34 億美元）。\n 但評級機構指出，業主的額外索賠預計將進一步增加更廣泛保險行業的損失。\n\n 標普表示，作為該住宅區財產損失和與其翻新相關的第三方責任保險的承保方，中國太平保險（香港）預計將面臨 “相對較大的索賠”，但沒有提供具體數字。\n 總體而言，報告稱，影響對保險公司來説是 “可控的”，因為再保險將幫助主要保險公司減輕損失。再保險是保險公司為轉移部分財務風險而使用的保險。\n 根據標普的數據，該行業去年的再保險整體使用率約為 35%，而財產保險公司的使用率更高，達到 60%。\n 評級機構補充説，一些保險公司還將獲得其母公司的財務支持。\n 國有的中國太平保險，CPTI（香港）的母公司，已承諾全力支持其子公司協調再保險公司，並建立快速索賠結算和預付款機制。它還捐贈了 1000 萬港元，並在廣州提供 60 個免費住房單位，供三個月使用。\n 標普表示，這場火災可能促使房地產保險公司重新考慮其風險承受能力和定價政策，因為近年來在激烈競爭中保費已經下降。\n 報告稱，主要保險公司在未來擴展財產保險時可能會更加謹慎，因為這可能使其盈利能力更容易受到重大損失和自然災害的影響。\n</p>
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香港的保險公司在致命的大埔火災之後面臨利潤壓力