Concerns have been raised about the impact of economic problems and regulations in some branches of insurance, such as traffic insurance, on insurers in Turkiye.
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The Orient Insurance group has a track record of consistently outperforming its peers in terms of underwriting and overall profitability, which has been largely free of material fluctuations despite severe competition in the UAE market, points out AM Best.
A panel formed to recommend reforms for the general insurance industry has recommended that investment rules for insurers be relaxed.
People from the sandwich generation - those who had competing demands and financial responsibilities for both younger and older generations - have an increasing desire to be prepared for financial independence in retirement.
China's biggest P&C insurance group, PICC, has established PICC Investment Holding Pension Industry Investment (Beijing) Co [PIIB].
The Insurance Association of China (IAC) has issued the "Guidelines for self-regulation of information disclosure of investment management capabilities of insurance companies (Trial Implementation)".
The overall credit fundamentals of Japanese life insurers are likely to remain healthy in the financial year ending March 2023 (FYE23), says Fitch Ratings in its report titled ""Japanese Life Insurance Dashboard: FYE22 Results".
The first quarter of this year continued to be extremely challenging for the Saudi insurance market, and brought higher losses following 2021 which was already one of the toughest years for profitability in the kingdom's insurance sector, says Badri Management Consultancy. Most of the 1Q2022 loss was from motor insurance business.
AIA Singapore yesterday launched the AIA Shariah Global Diversified Fund (ASGDF), saying that it is the first insurer in Singapore to do so to meet increasing demand amongst Muslim consumers in the Republic.