Wafa Assurance, Morocco's largest insurer, has reached an agreement with the Saham Group to acquire 99.98% of the capital of the life insurer La Marocaine Vie.
Orient Insurance, a subsidiary of Al Futtaim Group, has announced that its shareholders have approved a 100% increase in its capital to AED1bn ($272m).
Three major insurance industry organisations have simultaneously announced separate but linked initiatives to standardise commercial health insurance.
The China Association of Actuaries (CAA) has compiled the first "Commercial Health Insurance Pharmaceutical Coverage Cost Schedule".
The Insurance Association of China (IAC) has introduced three sets of model clauses for commercial medical insurance, establishing standards for insurance coverage, payout criteria, renewal conditions, policy exclusions, and the protection of consumer rights.
The insurance industry needs to approach the opportunities and challenges facing the segment from different perspectives, as well as different responsibilities and priorities.
Singapore's life insurance industry paid out more than S$15bn ($11.67bn) in claims and maturity benefits during the first nine months of 2026, highlighting its continued role in providing financial protection and supporting long-term financial planning. This is according to the Life Insurance Association Singapore (LIA Singapore), which said the payouts helped individuals and families manage the financial impact of illness, disability and loss, while also meeting important financial goals. Maturity benefits accounted for approximately 74% of the total, amounting to S$11.15bn. These payouts provide policyholders with funds to support major life milestones, including retirement, children's education and other financial commitments.
Around 85% of Hong Kong residents intend to pass on their financial assets or wealth to the next generation, but only 10% have fully developed legacy plans and have discussed them with their heirs. A Sun Life study titled Passing the Torch: When Legacy Means More Than Money found that although the proportion of respondents with no legacy plan fell from 49% in 2025 to 29% in 2026, 45% still have only partially developed arrangements.
Munich Re has raised its 2026 net profit target to EUR6.6bn ($7.31bn) from EUR6.3bn following profitable growth across its business segments in the first nine months of the year. The reinsurer also reported a net result of EUR5.7bn for January to September 2026, up from EUR5.2bn in the same period last year, while insurance revenue increased to EUR46.6bn from EUR45.2bn. Third-quarter net profit reached EUR1.7bn, compared with EUR2bn a year earlier, reflecting lower major-loss expenditure in the comparative period.
Allianz has reported a record operating profit of EUR14.1bn ($15.62bn) for the first nine months of 2026. That figure is up 7.8% year on year, and the company raised the upper end of its full-year operating profit guidance to around EUR18.6bn. Total business volume increased 3.8% to EUR143bn, driven by strong growth in asset management and property-casualty insurance. Shareholders' core net income rose 10.6% to EUR9.3bn, while core earnings per share increased 12.7% to EUR24.15.