The Indonesian Life Insurance Association (AAJI) has announced that the total revenue of the sector amounted to IDR223.0tn ($14.72bn) in 2022, representing a drop of 7.5% compared to 2021, indicating that revenue was under pressure.
The head of the Insurance Brokers Association of Ghana (IBAG) has said that it is time for the industry to re-strategise their business model to avert a possible funding crisis arising from their participation in the Domestic Debt Exchange Programme.
Wafa Assurance has posted MAD11.6bn ($1.13bn) in consolidated turnover in 2022, an improvement of 18.9% over 2021. It outperformed the Moroccan insurance market whose turnover improved by 9.3% to MAD54.9bn in 2022.
Kenya's insurance sector is on track towards full recovery and is poised to record positive growth in the next five years, according to industry experts.
The health insurance sector in Bahrain will see nearly BHD50m ($133m) pumped into it on the implementation of the compulsory insurance scheme.
The Financial Services Authority (OJK) is seeking to improve financial literacy and inclusion by issuing an amended regulation for consumers and the public.
Life Insurance Corporation of India (LIC), India's largest insurance company, is moving towards limiting its debt and equity exposure to companies, according to an exclusive report by Reuters which quoted two sources.
Muang Thai Life Assurance Public Company Limited (MTL) is expected to see its underwriting results normalise due to continued strong demand for health-related products, says Fitch Ratings.
The Tunisian Insurance and Reinsurance Company (STAR), the biggest insurer in Tunisia based on revenue, has announced a net profit for the financial year ended 31 December 2022 of TND31.9m ($10.2m) against TND21.1 in 2021.
Turkiye ranks 10th out of 16 markets for life and health (L&H) insurance inclusion, according to Swiss Re Institute (SRI).