Gulf Insurance Group - Jordan (GIG Jordan) has a record of underwriting profitability, said AM Best. In 2024, the insurer achieved a combined ratio (net/gross) of 91.9% (2023: 89.9%).
As China's listed insurers prepare to release their third-quarter reports, a clear uptrend in industry performance is emerging. Since New China Life first issued its earnings forecast on 13 October, PICC P&C and China Life have also released announcements projecting profit growth of over 40% year-on-year for the first three quarters of 2025, with China Life leading with a 50%-70% increase.
JD.com has officially entered Hong Kong's insurance industry after its subsidiary, Jingda HK Trading Co Ltd received an insurance brokerage licence from the Insurance Authority on 14 October, according to information from the regulator's website on 23 October.
China's insurance industry continues to streamline its physical branch network. According to data from the National Financial Regulatory Administration (NFRA), as of 22 October, a total of 2,565 insurance branches have withdrawn from the market this year, representing a 60% increase from the same period in 2024.
China's insurance intermediary sector is undergoing another wave of consolidation amid intensified regulatory scrutiny. According to local media reports on 16 October, several insurance intermediaries have recently exited the market-voluntarily or otherwise-due to loss of contact or regulatory breaches.
These are the highlights for events and updates across the insurance industry this week.
Swiss Re Life & Health Australia has halted new business activities in Australia from October 2025 as part of efforts to drive sustainable product design, particularly in Total Permanent Disability (TPD) insurance.
Aon, a leading global professional services firm, has projected an 11.3% rise in Asia Pacific (APAC) employee medical plan costs, signalling stabilisation of medical plan costs after two years of steep increases.
The leading medical conditions expected to influence medical cost trends in 2026 in APAC remain largely consistent with the conditions of 2025, according to Aon, a leading global professional services firm.
Insurance companies and intermediaries in Morocco are entering an unprecedented era, according to the National Federation of Insurance Agents and Brokers in Morocco (FNACAM).