The prospective operating results of Qatar General Insurance & Reinsurance Company (QGIRC) are expected to be supported by the company's increased focus on selective underwriting, along with steady commission income, says AM Best.
Start-up reinsurer FuSure Reinsurance Company's current underwriting portfolio is concentrated on health and accident lines in the Greater China region, notes AM Best.
Changes in regulatory policies and market demand have led to higher requirements for talent in the mainland Chinese insurance market.
The strategic rationale for Bermuda-headquartered RenaissanceRe Holdings' (RenaissanceRe) deal to acquire the treaty reinsurance business of New York-headquartered American International Group (AIG) appears sound, says AM Best.
The Indonesian regulator's proposal to raise minimum paid-up capital requirements for insurers may initiate a capital inflow into the sector, strengthening insurers' capital profiles and supporting the industry's development, Fitch Ratings says.
Insurance companies that will be renewing their reinsurance agreements in July are facing tight conditions in the credit, medical, marine, and natural disaster branches.
The need for change in the insurance industry in Arab countries has become urgent as the challenges in the industry grow bigger, according to Mr Chakib Abouzaid, the secretary-general of the General Arab Insurance Federation (GAIF).
Thai Reinsurance Public Co is planning to expand it business overseas, especially in the ASEAN region, including Cambodia, Laos, Myanmar and Vietnam. The reinsurer also sees Indonesia and the Philippines as markets where it can grow its business.
The Saudi insurance sector recorded an overall net Income of SAR689m ($183.7m) in 2022, compared to a net loss of SAR47m 2021 according to the Saudi Central Bank (SAMA).
Life insurance premiums this year are expected to post a growth of 2%-5% compared to 2022, according to Mr Reza Siregar, head of Indonesia Financial Group Progress (IFG Progress).