Nigeria's insurance sector recorded real GDP growth of 20.78% in the third quarter of this year, up from 15.70% in the previous quarter and exceeding growth rates of below 10% seen over the last six quarters, according to the National Bureau of Statistics (NBS).
BNP Paribas and Ageas Groups have signed a new framework agreement.
Insurance premiums are expected to rise consecutively starting next year, driven by worsening loss ratios in health insurance due to a surge in claims.
Fitch Ratings has maintained a 'neutral' outlook on the APAC insurance sector for 2026. This reflects robust performance and strong solvency buffers across most markets in the region.
Global investment companies EQT AB and CVC Asia Pacific Ltd have ended discussions with AUB Group regarding a potential takeover of the listed Australian insurance broker. The proposed deal valued AUB at approximately A$5.2bn ($3.4bn).
The Financial Regulatory Authority (FRA) has issued a resolution for a model policy for the Government Fund for Insurance against Risks Resulting from Medical Errors.
The Insurance Council of Australia (ICA), has announced a new collaboration to build a national data analytics fraud detection and investigations platform for the Australian insurance industry.
On 24 November, it was reported that the government is adjusting policies to prioritize citizens aged 75 and above.
President Lai Ching-te (???) announced on Monday that Taiwan's National Health Insurance budget is projected to reach a record NT$1tn (approximately $31.8bn) next year.
China's microfinance sector is undergoing a sharp contraction, with insurance-backed small-loan companies caught in the same squeeze.