Two thirds (101) of 153 insurance companies have reported negative comprehensive investment yields during the first quarter of this year.
Abu Dhabi National Insurance Company (ADNIC), a leading regional multi-line insurer, has reported a net profit of AED84.7m ($23m) for the first quarter of this year.
Around four in five (81%) of regional high-net-worth (HNW) investors in the Middle East say that they already take sustainability and ESG into account when making investment decisions, according to a survey commissioned by the Geneva-headquartered global wealth and asset management firm Lombard Odier.
Insurance companies operating in the Egyptian market are urged to take into account sustainability in their investment decisions, Dr Mohamed Omran, chairman of the Egyptian Financial Regulatory Authority (FRA) has said.
China Life Investment Management Co (CLIMC), part of the China Life Insurance Group, has launched as trustee the first commercial mortgage-backed securities (CMBS) in the insurance sector
Qatar General Insurance & Reinsurance Company (QGIRC), among the top insurers in Qatar, has a track record of adequate underwriting profitability, demonstrated by a five-year (2017-2021) weighted average combined ratio of 99%, states AM Best.
Ping An Insurance (Group) Company of China recently announced the launch of its ChinaBond Ping An Life Insurance ESG Integration Strategy Credit Bond Index.
Allianz Life Insurance Malaysia Bhd (Allianz Life) posted a 35-fold jump in new insurance businesses set up with estate planning concept in 2021, compared with new businesses achieved in 2020.
China's five major listed insurance companies have posted double-digit falls in net profits attributable to the shareholders of their parent company for the first quarter of this year compared to the corresponding period in 2021.
The IRDAI has relaxed its rules to allow insurers to have exposure to financial and insurance activities of up to 30% of their investment assets. The previous ceiling was 25%.