Takaful operations in Morocco generated a total contribution volume of MAD66m in the first half of 2025, jumping by 51.4% compared to the corresponding half of 2024, according to the Insurance and Social Security Supervisory Authority (ACAPS).
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has delivered strong financial results for the first nine months of 2025 (9M2025).
The financial performance of Saudi Arabia's insurance market in the first three quarters of this year (3Q2025) continued to reflect the challenging dynamics observed earlier in the year, with profitability pressures persisting across most insurers, according to the international actuarial and risk consulting firm, Badri Management Consultancy.
A new report has projected that the APAC region will experience the highest cost increases globally in medical costs at 14% in 2026, while medical cost inflation in Singapore is projected at 16.9% next year.
The Saudi insurance market recorded growth of more than 17% in 2024, with the insurance penetration rate standing at 2.6% of non-oil GDP. The growth rate outpaced the G20 average, pointed out the Chairman of the Insurance Authority Abdulaziz Alboug.
Krungthai-AXA Life Insurance has launched new product, "CI 123: Complete Coverage for All Critical Illnesses," which provides comprehensive coverage for up to 123 critical illnesses, including popular, specialised, and often overlooked conditions such as cancer, cardiovascular disease, respiratory disease, and brain disease. The coverage ranges from pre-incident to severe stages.
The Securities and Exchange Commission of Pakistan (SECP) has released a report by its Annuity Working Group (AWG) that highlights key gaps in the current retirement landscape and proposes measures to broaden access to lifetime income solutions and strengthen Pakistan's retirement income framework.
Gross written premiums in the Jordan insurance market registered a solid double-digit growth rate in the first nine months of the year (9M2025), driven primarily by strong performance in the motor and medical insurance branches, which also accounted for the largest share of paid claims.
Morocco's insurance and reinsurance sector achieved a total turnover of MAD37.7bn ($4.07bn) in the first half of 2025 (1H2025), a growth of 7.7% compared to the corresponding half a year earlier, according to the Insurance and Social Security Supervisory Authority (ACAPS). The first half of this year reflected the recovery trend that began in 2024.
MDRT (Million Dollar Round Table), The Premier Association of Financial Professionals®, was proud to sponsor the Asia Insurance Review's 29th Asia Insurance Industry Awards' (AIIA) "Life Insurance Company of the Year" category, which was awarded to HSBC Life (International) Limited on 3 November at the Awards Ceremony at Marina Bay Sands Expo & Convention Centre, Singapore.