In 2024, the overall Financial Confidence Index (FCI) remains stable, with slight improvements noted in Financial Resilience (FR) and Financial Wellbeing (FW) compared to 2023, says Sanlam, which is South Africa's largest insurer.
Educating the public about the importance of insurance must be approach in a more integrated way, according to Mr Uger Gulen, president of the Insurance Association of Turkiye (TSB).
The demand for travel insurance has witnessed a significant increase, driven by a surge in customer inquiries and a growing trend among travellers to secure their journeys.
The combined profit before tax of 26 listed insurance companies in the UAE grew by 7% to AED1,044m ($284m) in 1H2024 from AED975m in 1H2023, according to Badri Management Consultancy, an international company that specialises in actuarial services and provides financial services, strategic HR consulting, data management, business intelligence and other services.
The combined net profit of South Korea's five major non-life insurers reached KRW4.84tn ($3.6bn) in the first half of this year, 22% higher than in the corresponding period in 2023.
Government-owned general insurer National Insurance Company (NIC) is aiming to return to profit in the current fiscal year ending 31 March 2025 (FY2025), after incurring losses for nearly a decade, one of the company's directors said.
Etiqa Insurance Singapore (Etiqa Singapore) has been appointed as the official fire insurer for the Housing and Development Board's (HDB) Fire Insurance Scheme.
Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, has reported a net profit of QAR360m ($99m) for the first half of 2024, rising 11% from QAR325m over the corresponding period in 2023.
The Turkish Catastrophe Insurance Pool (TCIP) has disclosed that the compulsory earthquake insurance (ZDS) rate in the country is currently 57%, with the number of insured residential properties exceeding 11.3m.
Watania International Holding (WIH), has reported a net profit of AED 7.9m ($2.15m) for the first half of 2024, according to interim financial statements filed by the company.