Nigeria's medical costs are rising due to a complex interplay of economic and healthcare factors, says WTW, a leading global advisory, broking and solutions company.
The technical performance of Al Dhafra Insurance Company (ADIC) has started to return to historical averages as evidenced by a net-net combined ratio of 86%, as calculated by AM Best, reported for the first three quarters of 2024.
Income Insurance is taking a stab at a new business model as it looks at ways to grow its topline by expanding its distribution abilities.
The performance of Korean life and non-life insurers in 2025 is expected to be stable, with the sector outlook,'Neutral', says Fitch Ratings.
Medical inflation in India is projected to hover around 10% to 15% in 2025, according to a report released by WTW, a leading global advisory, broking and solutions company.
Top-line growth in Saudi Arabia's insurance sector will moderate to about 10%-15% in 2025, after strong growth since 2022 and a 17% increase in insurance revenue in third-quarter 2024, forecasts S&P Global Ratings (S&P).
The UAE insurance industry's profit before tax increased by 8%, reaching AED2.0bn ($545m) in the first nine months of this year, from AED1.8bn in the corresponding period in 2023, points out Badri Management Consultancy which specialises in actuarial services.
The average health claims loss ratio in Indonesia reached 105.7% in the first quarter of 2024 and is expected to increase even more in 2025, says WTW, a leading global advisory, broking and solutions company.
Australians with hospital cover are paying 71% more in out-of-pocket costs compared to five years ago, according to new data analysed by Money.com.au, an Australian financial comparison platform.
Nippon Life Insurance is in the final stages of buyout talks with US life insurer Resolution Life Group Holdings, Resolution said yesterday in what would be a $8.2bn deal, reported Reuters.