Korean Reinsurance Company's (KRE) dominant market position will remain unchallenged over the medium term, despite its ongoing portfolio restructuring in the domestic market, according to AM Best.
AM Best has maintained its stable outlook on Malaysia's non-life insurance sector, noting that regulatory initiatives designed to increase insurance penetration and the continuing de-tariffication of motor and fire insurance as the main reasons.
The Syrian Insurance Federation (SIF) and the Syrian Insurance Agents and Brokers Federation (SIABF) have been dissolved.
India's Union Cabinet has approved a Bill which contains a provision to increase the foreign direct investment limit in insurance companies to 100% from the present cap of 74%. The Bill, cleared on 12 December by the Cabinet, covers several other amendments.
New Zealand general insurer Tower has been ordered to pay a penalty amounting to NZ$7m ($4m) for misleading representations that resulted in more than NZ$11m in overcharges to its customers.
Arabia Insurance Company (AIC) has a track record of profitable, albeit volatile, operating performance, with positive results reported in four of the past five years (2020-2024). However, results in 2023 and 2024 have been lacklustre, with the company reporting return-on-equity (ROE) ratios of 1.4% and 3.9%, respectively, AM Best noted.
The growth rates of health insurance business in China have diverged significantly between life insurers and property & casualty (P&C) insurers.
Four out of seven standalone health insurers in China recorded a combined CNY60.07bn ($8.5bn) in premium income in the first half of 2025, with net profits of CNY6.6bn, according to the "China Insurance Industry Competitiveness Research Report (2025)".
The total gross premiums of insurers in Hong Kong saw a 10% increase in 2024, according to data released by the territory's Insurance Authority on 5 December.
Marine insurer The Standard Club Asia will cease writing insurance business from 20 February 2026 and enter run-off. It will also stop issuing any new or renewal policies from 9 December 2025, according to a press release from NorthStandard.