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.
The operating performance of Egyptian Takaful Property & Liability Insurance Company (EGTAK is assessed as adequate, says AM Best.
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.