The insurance industry's profitability (after-zakat & tax) in the Kingdom of Saudi Arabia (KSA) stood at SAR3.0bn ($800m) in the first nine months of 2024, growing by 15% from SAR2.6bn in the corresponding period in 2023, according to a report by Badri Management Consultancy which provides consulting services in the actuarial, strategic and technology fields.
Health insurance premiums in the northern emirates in the UAE will be priced as low as AED350 ($95.30) per year per person, when the mandatory scheme takes effect on 1 January 2025.
Zurich Life Insurance Malaysia (ZLIMB) has launched the Savings Booster, a new savings rider aimed at Malaysians seeking both financial growth and protection.
T&D Insurance Group is strengthening its capital base by expanding underwriting profits and reducing exposure to market risk, says S&P Global Ratings (S&P) in a new report.
Total health GDPI is expected to reach up to INR2.0tn ($23.7bn) by the financial year ending 31 March 2028 (FY2028), according to Bupa Niva Health Insurance in its draft red herring prospectus as the insurer launches an initial public offer.
Insurance spending per capita increased by 30% to SAR2,034 ($541.50) in 2023 from SAR1,564 in 2022 in Saudi Arabia, according to the Insurance Authority (IA).
The UAE has sustained a high vitality score of 72.5 in Cigna's latest International Health Study, demonstrating the positive impact of the nation's commitment to whole-person health.
The insurance industry in Singapore is in a prime position to reshape how graduates perceive career opportunities within the sector, according to new research commissioned by Canopius Group (Canopius), an international specialty and P&C (re)insurer.
Retail health insurance currently accounts for around 39% of the overall health insurance, having grown at a CAGR of 17.7% between FY2018 and FY2024 (fiscal year ended 31 March 2024), according to Bupa Niva Health Insurance in its draft red herring prospectus as the insurer launches an initial public offer.
Pacific Life Re and Kakao Pay Insurance have signed a Memorandum of Understanding (MoU) to provide sustainable and innovative life insurance solutions in South Korea.