The insurance market in Egypt saw total premiums climb by 13.1% to EGP27.8bn in the first half of this year compared to about EGP24.5bn in the corresponding half of last year, according to statistics from the Egyptian Financial Regulatory Authority.
Doha Insurance Group has seen its gross written premium (GWP) climbing by 49% to QAR859m ($236m) and net profit jumping 48% to QAR60mn in the first half of the year, driven mainly by growth in sales, claims control and diversification in underwriting.
Insurance companies in Cameroon recorded an increase in turnover of CFAF46.7bn ($73.1m) between 2015 and 2021, according to data from the Association of Insurance Companies of Cameroon (ASAC).
The estimated insurance losses from the unexpectedly severe floods earlier this month in South Korea will place pressure on the financial performance of the country's non-life insurers, Fitch Ratings says.
Gross Premiums Written (GPW) in the UAE are predicted to grow by approximately 5% in 2022, says S&P Global Ratings.
Total premiums in Turkiye's insurance sector surged by 93% in the first half of this year to TRY90.9bn ($5.1bn) compared to the corresponding period of the previous year, according to statistics from the Insurance Association of Turkiye (TSB).
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, recorded gross written premiums of AED3.23bn ($1.21bn)in the first half of 2022. This represents an increase of 20.9%, compared to AED2.67bn for the corresponding period in 2021.
Emirates Insurance (EIC) has a track record of strong operating performance, reporting a five-year (2017-2021) weighted average return on equity of 9.5%, says AM Best.
The financial performance of Hong Kong-based FWD General Insurance (FWD GI) is expected to continue to improve, despite premium growth volatility from a shifting product mix and pressure on the combined ratio from IT investments, says Fitch Ratings.
Sydney-headquartered QBE Insurance Group, one of the world's top 20 general insurance and reinsurance companies, has announced that its net profit after tax attributable to equity holders of the company stood at $151m for the first half of this year, 66% down from $441m in the corresponding half in 2021.