Remittances from migrant workers and foreign direct investments (FDI) are transforming the insurance landscape, particularly in emerging economies, says the non-profit, non-governmental organisation African Centre for Economic Monitoring and Intelligence (CAVIE).
S&P Global Ratings (S&P) says that it is too early to assess the full financial impact of the floods ravaging the UAE over the past week and that therefore, negative rating actions are unlikely at this time.
A high proportion of 85% of companies in Asia currently provides some form of insurance benefit to their employees, according to the results of a survey which are published in a new report titled "Asia Employee Benefits Report".
GCC insurers' top-line growth is expected to range between 5% and 15% in 2024, with Saudi insurers likely to expand at the fastest pace, says S&P Global Ratings (S&P).
AM Best expects the recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) to prompt swathes of claims for motor, property, and business interruption insurers in the region.
The independent panel reviewing the 2020 General Insurance Code of Practice (Code) has released the first of two consultation papers and is calling for written submissions from the public.
The operating performance of the Sanlam insurance group was resilient in 2023, supported by life underwriting performance, and strong growth in life premiums, especially in Asia driven by India (albeit dampened by weaker performance in Malaysia), according to Fitch Ratings.
The Israel-Hamas war is expected to continue over 2024, and Gaza will remain the epicentre, with continued pressure on Israel (AA-/Negative/A-1+) from Iran (unrated) and its proxies, according to S&P Global Ratings (S&P).
The combined ratio of property and casualty insurance companies increased in 1Q2024 because of higher claims paid for damage from weather events such as snow and frost, say insurance industry analysts.
China's five major 'A-shares' listed insurance groups showed improvement in their topline performance in the single month of March 2024, which helped to narrow the decline in cumulative premium income in 1Q2024 compared to that in the first two months of the year.