Competition, innovation and efficient management of insurance-specific risks are the main drivers of the financial performance of insurance companies in Nigeria, according to a study on whether competition is a significant driver of the financial performance of insurance companies in Nigeria.
A new market study by Utmost group has revealed that there was a 6% growth in HNW international life insurance new business sales in 2024 in Asia.
Price competition remained intense in the Saudi Arabian medical and motor insurance markets throughout 2024, says Fitch Ratings. However, the global credit rating agency expects The Company for Cooperative Insurance's (Tawuniya) underwriting discipline and scale benefits to help maintain the insurer's very strong financial performance over the medium term.
Turkish non-life insurers should benefit from improved operating conditions and stronger pricing in 2025, Fitch Ratings says in a report titled "Turkish Non-Life Insurance: Gradual Steps to Market Stabilisation".
In India the Goods and Services Tax (GST) Council is likely to consider reducing or removing the 18% GST on life and health insurance premiums.
Rising global temperatures pose an increasing risk to the resilience of well over half of the world's top 100 data centre hubs, according to a new research by the risk intelligence company Verisk Maplecroft.
China has solidified its position as Asia's primary growth engine for insurance, while maintaining its global ranking as the second-largest insurance market, according to the Allianz Global Insurance Report 2025 released by Allianz China Insurance Holding on July 3.
Between 2000 and 2024 the world saw 965 insurers shutting shop majorly due to insolvencies according to a new research study released in July 2025.
Asia-Pacific life profitability outlook remains stable, though foreign exchange hedging costs may weigh on margins in Japan, says Swiss Re Institute (SRI) in a report on world insurance developments.
Total premiums in the insurance market reached JOD384m ($542m) in the first five months of the year, an increase of around 10% over the corresponding period in 2024, according to statistics released by the Central Bank of Jordan (CBJ).