The insurance industry, including takaful, grew by 4% to DZD48.4bn ($359.6m) in 1Q2024 in terms of overall revenue (direct and reinsurance acceptances), according to provisional data from the National Insurance Council (CNA).
FWD Group Holdings Limited's (FWDGHL) earnings and fixed-charge coverage ratio are expected improve steadily in the next year or two once non-recurrent costs ease, according to Fitch Ratings.
As Japan's life insurers finally see higher interest rates, China's life sector faces the same "negative spread" challenge Japan used to, say Swiss Re economists.
The mainland Chinese insurance industry chalked up a cumulative insurance premium income of CNY2.95tn ($406bn) in the first five months of this year, representing a year-on-year increase of 4.6%, according to the National Financial Regulatory Administration (NFRA).
Taikang Life Insurance Co, one of China's biggest unlisted life insurers, has maintained a robust profitability track record, with its five-year average return on capital (ROC) above 20%, thanks to its consistent premium growth, profitable product mix and strong investment performance, notes Moody's Ratings.
Emirates Insurance Co (EIC) will maintain its competitive position, premium growth trend, and positive underwriting performance, says S&P Global Ratings (S&P).
Korean insurers are expected to sustain their profitability through continued growth in new contractual service margin (CSM), says Fitch Ratings.
Lockton, the world's largest independent and privately held insurance brokerage, reported global revenue of $3.55bn for its fiscal year ended 30 April 2024 (FY2024), compared to $3.09bn in FY2023.
Societe Tunisienne de Reassurance's (Tunis Re) earnings are strong, underpinned by solid underwriting performance, said Fitch Ratings.
With a rise in credit risk, the Omani insurance industry faces increasing challenges due to the enhanced impact of Expected Credit Losses (ECL), says the Dubai-headquartered international actuarial consulting company, Badri Management Consultancy.