Insurance companies in Morocco generated a net profit of MAD4.2bn ($428m) in 2023, 6.2% higher than in 2022, states the central bank, Bank Al-Maghrib (BAM), in its annual financial stability report released recently.
Abu Dhabi National Insurance Company (ADNIC),a leading regional multi-line insurance providers for both corporates and individuals, increased its insurance revenue by 54% in the first half of this year to an all-time high of AED3.3bn ($898m), compared to AED2.1bn for the same period in 2023.
The impact of the decline in China's real estate market varies for insurers; yet with diversified portfolios, the overall impact is anticipated to be manageable compared to other investment instruments, according to Professor Ricardo Reis, of the London School of Economics.
The National Financial Regulatory Administration, China's top financial regulator, has announced that it had given in-principle approval to Anbang Insurance Group and its subsidiary Anbang Property & Casualty Insurance to begin the bankruptcy process.
A total of 74 unlisted non-life insurers posted a combined insurance income of CNY234bn ($32.6bn) in the first half of the year, according to data compiled from the 2Q2024 solvency reports of the companies.
The insurance industry in Cambodia is expected to see good growth in future years, according to the director-general of the Insurance Regulator of Cambodia (IRC), Mr Bou Chanphirou.
New research from the Natural Hazards Commission (NHC) reveals many New Zealand homeowners don't fully understand what their natural hazards insurance would cover after an event.
Micro, small and medium enterprises (MSMEs) have called for measures to build confidence in the insurance sector to improve the low penetration rate in the sector.
The Saudi insurance industry's profitability (after zakat & tax) rose by 26% to SAR2.2bn ($586m) in 1H2024 from SAR1.7bn in the corresponding half in 2023.
Orient Insurance Company, the biggest insurer in the UAE in terms of insurance income, has posted a net profit attributable to shareholders of AED404.5m ($110.1m) for the first half of 2024.