The shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), one of the five biggest insurers in Saudi Arabia in terms of premiums, have agreed to increase the company's capital by 150% to SAR1bn ($266.6m) from SAR400m.
Latest research from Cigna Healthcare has found that Hong Kong's vitality levels have significantly deteriorated during the first half of 2023, as the city continues to be plagued by high stress and burnout levels.
AFG Holding has just concluded the purchase of an insurance company in Cote d'Ivoire, according to Mr Romeo Bouba, deputy managing director in charge of the finance department of AFG Holding.
Called Jeevan Utsav, it is a non-linked, non-participating, comprehensive form of life insurance providing lifetime coverage.
The 15th China Rendezvous marked its notable return after a three-year hiatus when it was held in Beijing on 1 December. This year's theme, "Embracing the New Era of Excellence -- The Future Map for Insurance", highlights the potential of China's insurance industry, the world's second-largest insurance market.
India's biggest life insurer, Life Insurance Corporation (LIC), is planning to open an office in GIFT International Financial Services Centre in Gujarat during the current fiscal year ending 31 March 2024 to further its overseas operations.
Dubai National Insurance & Reinsurance (DNI) has a track record of strong operating performance, as demonstrated by a five-year (2018-2022) weighted average return-on-equity ratio of 8.2%, says AM Best.
New business premiums derived in Hong Kong from mainland Chinese visitors fell by 32.9% to HK$15bn ($1.92bn) on a quarterly basis in the third quarter of this year, according to data released by the Hong Kong Insurance Authority.
Sentiment in the insurance market in China is upbeat about the prospects for the sector in 2024, say several analysts.
Leading Chinese life insurers China Life and New China Insurance (NCI) have announced a joint plan to invest CNY25bn ($3.5bn) each to launch a private equity company.