Turkiye Sigorta,the leading non-life insurer in Turkiye, and Turkiye Hayat Emeklilik, the country's biggest life insurer, have announced a combined net profit of TRY11.22m ($340m) for the first six months of 2024.
Sukoon Insurance, the second biggest insurance company in the UAE in 2023 based on insurance revenue, posted net profits attributable to owners of the company of AED126.09m ($34.33m) for the first half of 2024, 3.9% higher than the AED121.63m in 1H2023.
Saudi Arabia's Health Sector Transformation Programme has reported a 54% decrease in the traffic accident death rate in 2023, with the rate falling to 13.6 deaths per 100,000 people, compared to 28.41 deaths per 100,000 people in 2016.
Higher interest rates have resulted in life insurance premium growth in advanced markets, according to Swiss Re's sigma report, World insurance: strengthening global resilience with a new lease of life.
The pre-tax profit of insurance companies in Taiwan for the first six months of this year stood at NT$229.7bn ($6.99bn), 313.1% higher than in 1H2023, according to data released by the Financial Supervisory Commission (FSC).
The number of excess deaths in Australia more than halved in 2023 following a steep decline in the number of people dying from COVID-19, research published by the Actuaries Institute shows.
With less than two years to mark the 10th anniversary of bancassurance in Uganda, industry participants are working to pick up the pace of sales through the channel.
The Insurance Federation of Egypt (IFE) says that interest in financial inclusion has become a matter of great importance to governmental organisations and financial institutions such as insurance companies and banks.
nib has appointed Mr Ed Close as managing director and CEO. He is expected to formally take up his position at nib before the end of calendar year 2024. He will take over from Mr Mark Fitzgibbon, who will retire on 1 September 2024.
Workplace and CTP claims for mental health injuries are rising dramatically, but insurers are finding innovative ways to rehabilitate claimants and help them get back to work and their regular lives as fast as possible, according to the Australia Insurance Law Association (AILA).