The Company for Cooperative Insurance (Tawuniya), among Saudi Arabia's top three insurers in terms of insurance revenue and profits, has a Fitch Ratings calculated net income return on equity that improved to 34% (annualised) in 1H24 (2023: 18%, 2022: 10%), supported by strong underwriting performance and resilient investment income.
National Australia Bank (NAB) has agreed to sell 80% of its life insurance arm to Japan's Nippon Life Insurance Co for about US$1.7 billion, said a person familiar with the matter.
Respondents to a financial survey in Singapore believe that they need approximately S$612,045 ($469,870) to be considered financially free, up by 8% from S$566,640 in 2023.
The Financial Services Authority (OJK) is strengthening the development of health insurance to promote insurance penetration and density.
Retirees are grappling with rising costs for essential goods and services, seeing the cost of funding a comfortable retirement increase by 3.7% over the last 12 months, according to data released by the Association of Superannuation Funds of Australia (ASFA).
Adamjee Insurance Company has a history of robust operating profitability, with profits before tax ranging from PKR2.2bn ($7.95m) to PKR5.1bn between 2019 and 2023, noted AM Best.
Emirates Insurance Company (EIC) has a demonstrated track record of strong operating performance, with profits reported in each of the past five years (2019-2023), says AM Best.
Banks and local financing institutions, under the direction of the Central Bank of Kuwait, are promoting life insurance among borrowers.
Manulife Vietnam has announced its new mobile app, 'Manulife Vietnam', designed to empower customers with convenient access to their insurance policies on handheld devices.
Several insurance industry players attended the "Insurance for All" Vision Meet held last week to craft a foundational framework that would guide the vision of achieving "Insurance for All" by 2047.