The Saudi insurance market is expected to see Gross Premium Written (GPW) grow by 5%-10% in 2022, according to S&P Global Ratings.
The Egyptian insurance sector has presented a list of priorities to Dr Mohamed Farid, who was appointed on 7 April as acting chairman of the Financial Regulatory Authority (FRA) for a term of one year.
Scientists from South Africa, Germany, France, Switzerland, New Zealand, Denmark, the USA and the UK have collaborated for a rapid scientific analysis to assess to what extent human-induced climate change altered the likelihood and intensity of the exceptional heat wave in July 2022 in UK.
Insurance companies in Taiwan reported a pre-tax profit of NT$166.9bn ($5.6bn) for the first six months of this year, with life insurers performing better than non-life companies.
Tokio Marine Holdings, Hirosaki University, and Tokyo-based health management services company Value HR have jointly established the Department of Healthy Life Expectancy Extension Science as a joint research unit within Hirosaki University Graduate School of Medicine.
The Comptroller and Auditor General (CAG) has recommended that public-sector insurers stop subsidising group health insurance business through other insurance branches, given the huge losses posted in group health business.
Doha-headquartered Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, has registered a strong net profit of QAR401m ($110m) for the first half of this year which ended on 30 June 2022. This represents a 14.2% jump from QAR351m posted for the corresponding half last year, despite challenges in the global environment.
The Saudi General Insurance Committee has announced that the sixth Saudi Insurance Symposium -- with an expected turnout of more than 1,000 Saudi, GCC and Middle Eastern insurance professionals, experts, and companies -- will take place from Wednesday 28 to Thursday 29 September 2022.
Life insurers and pension funds in the country sold record amounts of foreign bonds in July as heightened volatility in global debt markets dampened appetite.
One of Australia's biggest financial services companies, Brisbane-headquartered Suncorp has announced that its insurance operations in Australia (dubbed 'Insurance Australia') reported profit after tax of A$174m ($122m) for the financial year ended 30 June 2022 (FY22), a 68.2% fall compared to FY21.