The absence of rains coupled with rising premium rates has led to insurance revenue growing by 21% in the first three months of 2025 in the UAE, reaching AED11.9bn ($3.2bn) versus AED9.8bn in the corresponding period last year, says Badri Management Consultancy, an international actuarial and risk consulting company.
Insurance companies operating in the Egyptian market posted combined pre-tax profits of EGP25.9bn ($513.3m) for the financial year ended 30 June 2024 (FY2024), compared to EGP14.06bn for the previous fiscal year, representing a growth rate of 84.2%, according to the annual statistical book issued by the Financial Regulatory Authority (FRA).
Called Pru-Bao ve toi da, this universal life insurance product offers protection up to 80 times the annualised target premium, along with guaranteed interest rates, flexible plan options, and bonus incentives aimed at long-term financial planning.
The Executive Yuan of Taiwan has approved a draft bill that would give individuals the option to opt out from having their National Health Insurance (NHI) records used for nonmedical purposes according to a report in The Taipei Times.
Indian health insurance customers' expectations, driven by rapidly evolving digital mindset are rapidly changing according to a new survey by consumer insights firm Hansa Research.
In Hong Kong despite stabilisation in medical expenses, the sharp increase in utilisation has led to a cumulative 55% surge in staff medical insurance expenses over the past three years according to a new study.
Rising costs, increased climate-related claims, and aggressive pricing strategies are putting pressure on margins across the industry, says Badri Management Consultancy, an international company specialising in actuarial and management consulting services.
Orient Insurance, the UAE market leader in terms of insurance revenue and profits, has announced a net profit after tax of AED312.6m ($85.1m) for the first three months of this year, 4.1% higher compared to AED300.3m for the corresponding period in 2024.
The APAC region, particularly in South Korea and Japan, experienced significant wildfires, floods and earthquakes in the first quarter of 2025 leading to billions of dollars in economic and insured losses, according to an Aon report.
The first quarter of 2025, traditionally the strongest sales period for China's life insurance industry, has shown clear signs of pressure, with new business premiums declining notably across major distribution channels.