The Saudi insurance market is expected to see Gross Premium Written (GPW) grow by 5%-10% in 2022, according to S&P Global Ratings.
The Egyptian insurance sector has presented a list of priorities to Dr Mohamed Farid, who was appointed on 7 April as acting chairman of the Financial Regulatory Authority (FRA) for a term of one year.
A recent survey has found that the ramifications of the semiconductor industry supply chain crisis have been exacerbated by the conflict in Ukraine. The semiconductor industry serves as a major driver in the global economy.
Insurance companies in Taiwan reported a pre-tax profit of NT$166.9bn ($5.6bn) for the first six months of this year, with life insurers performing better than non-life companies.
Tokio Marine Holdings, Hirosaki University, and Tokyo-based health management services company Value HR have jointly established the Department of Healthy Life Expectancy Extension Science as a joint research unit within Hirosaki University Graduate School of Medicine.
The Comptroller and Auditor General (CAG) has recommended that public-sector insurers stop subsidising group health insurance business through other insurance branches, given the huge losses posted in group health business.
Doha-headquartered Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, has registered a strong net profit of QAR401m ($110m) for the first half of this year which ended on 30 June 2022. This represents a 14.2% jump from QAR351m posted for the corresponding half last year, despite challenges in the global environment.
The Saudi General Insurance Committee has announced that the sixth Saudi Insurance Symposium -- with an expected turnout of more than 1,000 Saudi, GCC and Middle Eastern insurance professionals, experts, and companies -- will take place from Wednesday 28 to Thursday 29 September 2022.
One of Australia's biggest financial services companies, Brisbane-headquartered Suncorp has announced that its insurance operations in Australia (dubbed 'Insurance Australia') reported profit after tax of A$174m ($122m) for the financial year ended 30 June 2022 (FY22), a 68.2% fall compared to FY21.
Apart from the economic turmoil ravaging Lebanon, real non-life premium growth in the country is likely to remain constrained by strong competition and negative rate pressure, with insurers vying a slice of the pie in a market that is shrinking in size relative to inflation, says AM Best.