Turkiye Sigorta has announced its gross premium figure for the first 10 months of 2025 on the Public Disclosure Platform (KAP).
Markel Insurance, the insurance operations within Markel Group, has appointed Ms Luna Bonifacio as senior claims adjuster. She will be based in Dubai.
The Saudi insurance market recorded growth of more than 17% in 2024, with the insurance penetration rate standing at 2.6% of non-oil GDP. The growth rate outpaced the G20 average, pointed out the Chairman of the Insurance Authority Abdulaziz Alboug.
Gross written premiums in the Jordan insurance market registered a solid double-digit growth rate in the first nine months of the year (9M2025), driven primarily by strong performance in the motor and medical insurance branches, which also accounted for the largest share of paid claims.
Morocco's insurance and reinsurance sector achieved a total turnover of MAD37.7bn ($4.07bn) in the first half of 2025 (1H2025), a growth of 7.7% compared to the corresponding half a year earlier, according to the Insurance and Social Security Supervisory Authority (ACAPS). The first half of this year reflected the recovery trend that began in 2024.
The general insurance and takaful sector's operating profits were broadly sustained at MYR1.9bn in the first half of 2025, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Gulf Insurance Group-Jordan (GIG Jordan) has reported a notable increase in net profit and insurance revenue in the first three quarters of the year (3Q2025), the company said in a media release.
Profitability in the Saudi insurance market has been volatile over time, with competitive pressures driving frequent changes in the pricing cycle, said Moody's Ratings.
ZhongAn Insurance has completed its first overseas NEV insurance transaction, marking a strategic breakthrough for the company's international business. The milestone comes as China's NEV exports continue to surge and the industry's globalisation enters a deeper phase.
These are the highlights for events and updates across the insurance industry this week.