Data from the Insurance Bureau has revealed that Taiwan's insurance industry earnings in December increased by 248.1% to NT$341.5b ($10.3b), with life insurers contributing 92.4% of the total.
The insurance market has sustained its growth trajectory over the past five years and legislative amendments have contributed to enhancing its contribution to the national economy.
Health insurance's share in the non-life segment is set to surpass other categories put together as the sector continues to expand, reported Times of India.
Ly Hour SBI Insurance board member and chief executive officer Okhna Ly Sopheap said in an interview with Cambonomist, that despite facing a series of global challenges, the Cambodian insurance sector is still able to stand strong and play a significant role in helping to develop the economy.
In a recent report by Gulf Business, Zurich International Life Middle East CEO Mufazzal Kajiji, discussed the rapid evolution of the Middle East insurance sector and its promising future. Mr Kajiji highlighted the crucial role of customer centricity, digital transformation and regulatory advancements in shaping the trajectory of the industry.
Abu Dhabi National Insurance Company (ADNIC), a leading multi-line insurance provider for both corporates and individuals, delivered exceptional results in 2024, achieving its highest-ever total insurance revenue and net profit. This performance is attributable to the company's regional expansion and several ambitious initiatives.
China's auto insurance market has provided remarkable figures in its latest report. The industry has undergone a major transformation since the comprehensive reforms of 2020. With changes in pricing structures, the implementation of unified reporting and execution, industry-wide self-discipline, and stricter regulatory oversight, auto insurance has shifted onto a sustainable growth trajectory.
China's insurance industry maintained strong growth in 2024, with total original insurance premium income reaching approximately CNY5.7tn($798bn), marking an 11.15% year-on-year increase, 2.01 percentage points higher than in 2023. This also marks the third consecutive year of growth in original insurance premium income since the industry's deep transformation.
The Brand Finance Global 500 2025 report was officially released in Davos, Switzerland, highlighting the world's most valuable brands. The report reveals that over 60 Chinese brands have made it onto this year's ranking of the 500 most valuable global brands.
These are the highlights for all events and updates across the industry this week.