Doha Insurance Group (DIG) has been expanding beyond its domestic market, a strategy that has rewarded the Group in terms of business growth and profitability.
Demand for Islamic finance will continue to rise as strong economic activity in the Gulf Cooperation Council (GCC) and Southeast Asia is supported by diversification agendas, investment inflows and population growth, reported Bernama News Agency quoting a Moody's Ratings (Moody's) report.
These are the highlights for all events and updates across the industry this week.
The profitability of the insurance industry in 2024 was boosted by an increase in investment income, according to Mr Koray Erdogan, CEO of Ray Sigorta.
The Insurance Development and Regulatory Authority (IDRA) has instructed Islamic insurance companies to invest in government Islamic bonds (sukuk) or securities.
To strengthen its regional leadership and global expansion, Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has announced strategic investments in three InsurTech startups.
A new report has highlighted key findings regarding the financial planning preferences of high-net-worth individuals (HNWI) in the Greater China region, released by Manulife Hong Kong and Deloitte.
Egypt's Financial Regulatory Authority (FRA), has introduced new investment rules and ratios for the funds of insurance and reinsurance companies.
China has granted ten major insurance companies, including PICC Property & Casualty and China Life Insurance, approval to invest in gold for the first time, a move that could inject up to CNY 200bn ($27.4bn) into the market and drive-up prices.
The first five insurance asset management companies in China approved to carry out asset securitisation business in October 2023 have launched several asset-backed securities (ABS) since then.