The aggregate profits of 23 insurance companies operating in the local market surged by 38% to JOD26.7m ($37.7m) last year compared to 2019, according to a study by Sanabel Al-Khair Financial Investments.
Qatar Islamic Insurance Group (QIIG) has posted a 4% growth in shareholders' profits, totalling QAR75.73m ($20.8m) in for the financial year ended 31 December 2020 compared to QAR72.68m in 2019.
The change in Turkey's economic performance trend is favourable and can already be seen in the insurance industry, which experienced positive real growth in 2020, based on the data available at the end of the third quarter of last year, says Mapfre Economics.
Union Assurance has made history with a record number of Million Dollar Round Table (MDRT) qualifiers to achieve the number one position in Sri Lanka.
Ping An Bank, the subsidiary of Ping An Insurance (Group) Company of China, has topped the rankings in Euromoney's Annual Global Private Banking and Wealth Management Survey for Best China Family Office Services.
The prosthesis market in Australia needs major reform because private hospital insurance pays out more than A$2bn ($1.55bn) each year in benefit payments for prostheses, accounting for more than 12% of all benefit payments, says the non-partisan Grattan Institute, a think tank dedicated to developing high quality public policy for Australia's future.
The government is set to withdraw the National Health Insurance Scheme (NHIS) 2019 following disagreements between various stakeholders.
Four insurers listed on the Bahrain Stock Exchange have posted an aggregate net profit of BHD13.75m ($36.45m) for the 2020 financial year, an increase of 17% compared to BHD11.78m for the year 2019.
Some regulators in the GCC are reportedly assessing the impact of insurance rates if pandemic risks were insured, S&P Global Ratings says.
Membership of New Zealand's largest health insurer is at its highest in more than a decade.