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Saudi Arabia: Proposed voluntary pension scheme will increase household savings, per IMF report

Saudi Arabia's upcoming voluntary pension and savings scheme, open to Saudis and foreign workers, which aims at increasing household savings and potentially reduce remittance outflows is welcome, the International Monetary Fund (IMF) has said.


Turkiye: Insurance market's profit increases by 59% in 2024

The Turkish insurance sector demonstrated significant growth in 2024, with total profits reaching TRY31.8bn, a 59.46% increase compared to the previous year, according to KPMG, a global professional services firm.

Morocco: Pension reform expected to be launched by 2026

The Moroccan government is preparing to launch, by 2026, a structural reform of the pension system to ensure its sustainability while maintaining the rights of subscribers.

Other News

Asia

  • Nat CAT: Asia's insurance industry urged to leverage climate data and risk management to close protection gaps
  • Singapore's ageing population adds to uncertainty
  • Indonesia: Life insurance industry sees 8.8% rise in insured population in 1H2025

China

  • Life insurers lead in H1 with higher investment yields; non-listed firms drive profit growth
  • China's nine bank-affiliated insurers post $11.9bn profit, channel reforms fuel growth
  • NEV premiums soar as underwriting losses persist across industry
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Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

Agents

  • Singapore: FWD rolls out indexed universal life plan targeting HNWIs

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  • 4
    Kuwait:Justice minister announces formation of committee to modernise insurance legislation
  • 5
    UAE:HDI Global's Dubai office's performance exceeds expectations in first year of operations



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