Insurance claims from the deadly Wang Fuk Court fire in Hong Kong are unlikely to affect the rating of China Taiping Insurance Group (TPG), according to credit ratings agency Fitch Ratings.
The risk-adjusted capitalisation of China Taiping Insurance (HK) Company [CTPI(HK)] was at the strongest level as of year-end 2024, as measured by Best's Capital Adequacy Ratio (BCAR), and is expected to remain robust over the short to intermediate term, according to AM Best.
A material portion of the gross incurred loss in the deadly Hong Kong apartment fire is to be transferred to reinsurers, which may halt downward pressure on Hong Kong property reinsurance rates amid a global reinsurance softening backdrop, AM Best expects.
Claim losses from a devastating fire at a residential estate in Hong Kong will add pressure to the underwriting results of the property/casualty (P/C) insurance sector, said S&P Global Ratings in a report released today.
Dubai Insurance Company (DIN) has a strong record of underwriting profitability, reporting a net insurance service result of AED108m ($29.4m) in 2024 (2023: AED123m) and a combined ratio of 91% (86%) under IFRS 17, notes Fitch Ratings.
China's five major A-share listed insurers -- Ping An Insurance, PICC, China Life, China Pacific Insurance (CPIC), and New China Life -- have reported a combined net profit attributable to shareholders of CNY426.0bn ($60.2bn) for the first three quarters of this year (3Q2025), up by 33.5% year-on-year, already surpassing 2024's the full-year total of CNY347.6bn
China's insurance asset management industry oversaw CNY33.3tn ($4.7tn) in assets at the end of 2024, up by 10.6% year-on-year, according to the "China Insurance Asset Management Industry Development Report (2025)" released by the Insurance Asset Management Association of China.
The net income of health maintenance organisations (HMOs) in the Philippines tripled in the third quarter of 2025, reaching PHP?2.44bn ($41.4m) from PHP?800.9m recorded in the same period last year.
The Central Bank of the UAE has revealed a strong increase in assets invested within the insurance sector, rising to AED 84.9bn ($23.1bn) at the end of 2024--equivalent to 59.2% of total sector assets and up from AED 77.2bn (54.6%) as of the end of 2023.
The Insurance & Pensions Commission of Zimbabwe has called for the intensification of ongoing efforts to coordinate and harmonise insurance supervision frameworks in the African continent. Commissioner Dr Grace Muradzikwa said this is all the more important as the continent moves toward deeper economic integration under the African Continental Free Trade Area.