The insurance industry in Qatar is urged to address the changes that have taken place in the sector since the 2022 World Cup.
The growth champion of global life insurance business over the next decade is likely to be India, with a growth rate of +13.6% p.a, says Allianz in its "Global Insurance Report 2024".
Higher investment income averaging at a quarterly rate of return on investments (ROI) of 1.7% (1Q2023: 1.3%) has boosted the first-quarter earnings of 77 listed insurers in the GCC region, according to Insurance Monitor, a research and consulting firm.
China's five major 'A'-share listed insurance groups posted a cumulative insurance premium income of CNY1.25tn ($176bn) in the first four months of 2024, 1.47% higher than in the corresponding period in 2023.
Insurance companies in South Korea saw their combined net profit shrink more than 11% from a year earlier in the first three months of the year, according to data from the Financial Supervisory Service.
Australians in their mid-to-late-20s have pulled back on spending more than any other age group, according to the latest CommBank "iQ Cost of Living Insights Report".
Online insurer, Go Digit General Insurance, saw a promising debut on the stock exchanges yesterday, with its shares opening at the price of INR286 ($3.43) on the National Stock Exchange (NSE), marking a 5.15% increase from the issue price of INR272, notes IIFL Securities, a stockbroking company which is part of the IIFL Finance Group.
The insurance industry in Tanzania has posted a total Gross Written Premiums (GWP) of TZS379.40bn ($146.2m) in the first three months of 2024, an increase of 13.6% compared to TZS333.8bn in the corresponding quarter of 2023, according to data released by the Association of Tanzania Insurers (ATI).
Listed insurers in the UAE generated profit before tax of AED722m ($197m) in 1Q2024, a 29% jump from the corresponding quarter in 2023, according to an analysis of the financial results of 26 companies by Badri Management Consultancy.
Three major Japanese non-life insurance companies have posted record consolidated net profits for the year ended 31 March 2024 (FY2023).