The insurance industry in China grew by 4.05% in 2021, stated Securities Daily, a media organisation authorised by the China Securities Regulatory Commission to report public disclosures.
Shanghai-listed Chengdu Haoneng Technology announced on 26 January that it is terminating its proposed participation in the establishment of Western Agricultural Insurance Company.
Total insurance premium revenue in Vietnam in 2022 is predicted to grow by 18% to VND253.7tn ($11.2bn), compared to 2021, according to the Insurance Supervisory Authority (ISA).
Taiwan's insurance industry posted pre-tax income of NT$411.1bn ($14.8bn) last year, with this figure soaring by 84.3% over 2020, according to statistics released by the Financial Supervisory Commission (FSC).
Italian global insurer Generali has signed agreements to become the majority shareholder in both its life and P&C joint ventures in India. Both transactions are subject to the approval of relevant regulators.
The insurance sector expects real growth in 2022 despite issues like increasing economic uncertainty, the depreciation of the Turkish lira rates and inflation, according to Mr Erol Esenturk, co-founder and CEO of MonoPoli Sigorta, an insurance intermediary.
Middle East Insurance Company (MEICO) has a track record of operating profitability, supported by conservative underwriting and reserving practices, notes AM Best.
Historic rainfall and flooding set records for the costliest individual natural disaster events for the insurance industry in China last year, says Aon, a global professional services firm that provides risk, reinsurance, retirement, and health solutions.
The Societe Generale Assurance Mediterraneenne (GAM) has announced that it will launch the first general takaful products in Algeria in early April, after it has established its takaful window.
Sri Lanka Insurance Corporation (SLIC), the largest state-owned insurer in the country, closed the year 2021 with a total GWP of LKR43bn ($213m) amidst a turbulent time, an increase of 9.7% over 2020.