Qatar's listed insurance companies posted a combined net loss of QAR360m ($99m) for the financial year ended 31 December 2023, according to annual financial statements lodged by the companies with the Qatar Stock Exchange.
Tokio Marine Holdings (TMH) has established an Investor Relations and Shareholder Relations (IR/SR) desk in New York City as part of the IR/SR Group of the company's Global Communications Department.
Huatai Property & Casualty Insurance (Huatai P&C) is expected to improve its underwriting performance gradually over the next two years, says Fitch Ratings.
The Tanzanian government is committed to fostering a robust insurance market as a cornerstone of economic development, according to Professor Kitila Mkumbo in his capacity as the Minister of State for Investment and Planning.
2023 has seen the Saudi insurance industry bounce back strongly to profitability after an extremely challenging 2022, without any insurer reporting a net loss, points out Badri Management Consultancy, an international actuarial and business consulting company.
Takaful companies paid out a total of MYR8.74bn ($1.85bn) in 2023, 24.40% higher than in 2022, according to data released by the Malaysian Takaful Association (MTA).
A new partnership will utilise AI and machine learning techniques to offer faster parametric insurance solutions based on precise location-level wind speed data following tropical cyclone landfalls, worldwide.
Insurance companies in South Korea saw their net profit soar by 45.5% in 2023 compared to 2022 on higher sales, according to preliminary data from the Financial Supervisory Service (FSS).
Maybank Ageas Holdings Berhad (MAHB) reported an unaudited net profit after tax of MYR353.9m [$75m] in 1H2023 (1H22 restated: net loss of MYR95.8m) under the new accounting standard, IFRS 17, notes Fitch Ratings.
Hong Kong-listed Sunshine Insurance Group Co has reported a lower net profit for 2023 despite achieving a higher turnover, as compared to 2022.