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.
Dubai National Insurance & Reinsurance's (DNI) cross-cycle operating performance is expected to remain strong, supported by its stringent underwriting and prudent risk selection, said AM Best.
Saham Group has finalised its EUR745m (4787m) acquisition of Société Générale's Moroccan insurance and banking subsidiaries.
The medical cost trend in Türkiye is projected to remain relatively high in 2025, albeit a reduction compared with 2023 and 2024, according to a report released by WTW, a leading global advisory, broking and solutions company.
Pru Life UK was the grand winner of the 2024 United Nations (UN) Women Philippines Women's Empowerment Principles (WEPs) Awards in the Gender-Responsive Marketplace category.
Taiwan's life insurance sector is forecast to grow at a mid-single-digit rate in terms of premiums in 2025, said Fitch Ratings.