The 25 listed direct insurers in Saudi Arabia reported a combined profit after zakat of SAR3.2bn for 2024, 2% lower than the SAR3.3bn chalked up for 2023. The profits fell despite the combined investment income jumping 21%, from SAR2.6bn in 2023 to SAR3.1bn in 2024, according to an analysis by Badri Management Consulting, an international actuarial and risk consultancy firm.
MSIG Malaysia has launched the country's first personal accident add on that addresses a critical gap in financial protection for individuals who might experience a sudden loss of independence due to accidents or unforeseen events.
The SAFCO Microfinance Company and Asia Insurance Company have signed a service level agreement to launch a bundled livestock protection and social benefit programme in the country.
Chubb has appointed Ms Janene Blizzard as the head of accident and health (A&H) for Asia Pacific, effective 1 June 2025.
Prudential Assurance has announced plans to recruit and train more than 5,000 sales agents across Kenya over the next five years. This plan will increase its agency channel from 1,000 at present to over 5,000.
The Moroccan Insurance Federation (FMA) has revealed several initiatives it is working on to improve efficiency and modernise the industry.
The Financial Services Authority (FSA) has launched the National Health Insurance Platform (Dhamani), a digital channel to regulate the Omani health insurance market and facilitate operations in the market.
Dubai National Insurance (DNI), one of the leading insurance companies in the UAE, in collaboration with Nexus Insurance Brokers, has launched an innovative insurance solution 'Group Protection Plan', tailored for the blue-collar segment.
Pru Life UK is looking at banks and non-traditional players to partner with in a bid to boost its distribution network and include more Filipinos into the social protection system.
According to the revised law on health insurance, from 1 July 2025, patients will be paid 100% of the benefits when having an initial health check-up nationwide, regardless of administrative boundaries by province.