The Qatari non-life insurance sector has modest growth potential and should remain resilient, even if economic growth slows down, says S&P Global Ratings (S&P).
Jordan Insurance Company (JIC) has a track record of adequate operating performance, despite challenging market conditions in the Jordanian and UAE markets, says AM Best.
Fitch Ratings say that it ranks the company profile of Cathay Life and Fubon Life as 'Most Favourable' among several life insurers in a peer review. The other insurers in the peer review have a 'Favourable' company profile.
The National Reinsurance Corporation of the Philippines (Nat Re) has announced that it marked the 45th anniversary of its founding with record figures in 2023, posting a massive 862% increase in net profits driven by the corporation's underwriting and investment incomes.
The net profit of Gulf Union Alahlia Cooperative Insurance Company improved to SAR125m ($33.3m) in 2023, versus a net loss of SAR18m in 2022 (restated on an IFRS17 basis), notes Fitch Ratings.
The insurance industry, including takaful, grew by 4% to DZD48.4bn ($359.6m) in 1Q2024 in terms of overall revenue (direct and reinsurance acceptances), according to provisional data from the National Insurance Council (CNA).
FWD Group Holdings Limited's (FWDGHL) earnings and fixed-charge coverage ratio are expected improve steadily in the next year or two once non-recurrent costs ease, according to Fitch Ratings.
As Japan's life insurers finally see higher interest rates, China's life sector faces the same "negative spread" challenge Japan used to, say Swiss Re economists.
The mainland Chinese insurance industry chalked up a cumulative insurance premium income of CNY2.95tn ($406bn) in the first five months of this year, representing a year-on-year increase of 4.6%, according to the National Financial Regulatory Administration (NFRA).
Taikang Life Insurance Co, one of China's biggest unlisted life insurers, has maintained a robust profitability track record, with its five-year average return on capital (ROC) above 20%, thanks to its consistent premium growth, profitable product mix and strong investment performance, notes Moody's Ratings.