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 government has asked state-controlled general insurers, who are struggling to improve their solvency ratio and profits, to the exit the motor and health insurance segments, which have been identified as significant loss-making branches.
Countries in Asia are increasingly embracing renewable energy, according to Mr Sam Liu, head of Renewable Energy, Asia at WTW, a leading global advisory, broking, and solutions company.
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.
Hannover-headquartered HDI Global SE continues its international expansion, receiving a regulatory licence from Dubai Financial Services Authority (DFSA) to open an office in Dubai.
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.
AXA XL has appointed Mr Guillaume Parard as head of P&C, Asia, effective 1 January 2025 and Mr Todd Wilhelm as head of specialty, Asia, effective 1 September 2024.
The results of Hyundai Marine & Fire Insurance Co's (HMF) long-term insurance lines are expected to improve from premium rate increases and the company's efforts to improve the medical indemnity loss ratio trend, while both auto and general lines remain relatively stable, said AM Best.
Taishan Property & Casualty Insurance Co (Taishan P&C), in which Germany's ERGO Group has a 24.9% stake, is expected to report better operating results in 2024-2025 on an improvement in underwriting results and a stable investment yield, said Fitch Ratings.
The Nigerian Council of Registered Insurance Brokers (NCRIB) wants all officially approved residential properties in Nigeria to be insured, according to its president, Mr Babatunde Adeleke.