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.
The Insurance Federation of Egypt (IFE) said that its property technical committee is currently preparing an insurance policy for restaurants in line with international practices and in light of the high losses that restaurants face due to the nature of their operations.
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.
Compulsory earthquake insurance should be offered automatically to all homeowners in Turkiye with a sufficient level of coverage, a senior insurance executive has suggested.
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.
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.
Steeper home insurance premiums have caused the number of Australian households experiencing home insurance affordability stress to rise by 30% to 1.6m in the past year, a new report published by the Actuaries Institute shows.
Ping An Insurance (Group) Company of China (Ping An or the Group) yesterday announced that it posted net profits attributable to shareholders of the parent company of CNY74,619m ($10,443m) in the first half of this year, 6.8% higher than in the corresponding half in 2023.
China's five major 'A'-share listed insurance companies have posted a combined premium income of CNY1.95tn ($2.74bn) in the first seven months, a year-on-year increase of 3.49%.
China's Big Three non-life insurers posted a combined premium income of CNY655.78bn ($91.87bn) in the first seven months of this year, an increase of 4.8% compared to the corresponding period in 2023.