The underwriting profitability of Qatar Insurance Company (QIC), among the leading insurers in the Middle East, has improved in recent years, evidenced by a net/gross combined ratio of 94.5% in the first nine months of 2025 and 95.5% in 2024, notes AM Best.
Saudi-based Wataniya Insurance improved its competitive position, despite challenging market conditions in 2025, S&P Global Ratings (S&P) has pointed out as it revised its outlook to "Positive" from "Stable" on the insurer's ratings.
Finance Minister Nirmala Sitharaman yesterday delivered the Union Budget for the fiscal year beginning on 1 April which contains several proposed measures that will have an impact on the insurance sector.
India's Union Minister for Finance and Corporate Affairs, Mrs Nirmala Sitharaman, yesterday presented the Union Budget for the financial year 2026-2027 in Parliament. Reacting to Mrs Sitharaman's nearly 90-minute-long Budget speech, the Indian insurance industry describes it as one that lays out the government's economic roadmap anchored in growth, investment and fiscal stability.
The proposed state-owned insurer TasInsure, to be set up by the Tasmanian government, would fall short of addressing the underlying drivers of insurance costs fully and expose Tasmanian taxpayers to significant financial losses, according to a new economic analysis.
China has set up its first university for risk management and emergency management education. The new institution will promote and encourage emergency management education and training.
Thailand and the Lao People's Democratic Republic (Laos) will collaborate on developing a sustainable and accessible health insurance ecosystem, framing guidelines for the supervision of insurance for electric vehicles (EVs) and promoting electronic insurance policies (e-policies).
Bupa Arabia for Cooperative Insurance Company, one of the three biggest insurers in Saudi Arabia, posted net profits after zakat attributable to shareholders of SAR1.08bn ($288m) in 2025, down by 7.45% from SAR1.17bn in 2024.
Sukoon Insurance, one of the largest insurers in the UAE, has announced that it marked its Golden Jubilee in 2025 with the strongest overall financial performance in the company's history. The 50th anniversary milestone was a landmark year of growth for Sukoon.
Over the past year, a series of "first-ever" technology insurance products has been launched, which are targeted at specific emerging technologies, the applications thereof and various scenarios.