The year 2024 turned out to be more challenging than 2023 for many smaller insurance companies, says Badri Management Consulting, an international company specialising in actuarial services.
The Insurance Association of Turkiye (TSB) has drawn up an Earthquake Insurance Reform Agenda to strengthen the country's readiness to face quake risks after the devastating 6 February earthquakes in 2023.
According to the second round of findings of the QBE Singapore SME Survey most respondents have concerns about a wide range of businesses risks, yet very few hold insurance policies to protect their companies against the financial fallout from these.
Gross written premiums in the UAE insurance sector rose by 21.4% in 2024 to AED64.8bn ($17.6bn), according to the Central Bank of the UAE (CBUAE).
Union Insurance Company has reported strong financial results for 2024. The company's net financial results improved sharply to net profits of AED38.3m ($10.4bn) in 2024 from a net loss of AED2.5m in 2023.
Gross written premiums generated in the insurance market in Egypt reached EGP11.7bn ($232.6m) in January, up from EGP8.4bn achieved in the same month in 2024, according to the Financial Regulatory Authority in its latest monthly publication.
The number of employees working in insurance companies in Türkiye increased by 8% to 27,540 people at the end of 2024, compared to the previous12 months, the Insurance Association of Türkiye (TSB) said in a statement.
Doha Insurance Group (DIG) has been expanding beyond its domestic market, a strategy that has rewarded the Group in terms of business growth and profitability.
Takaful International, the first Islamic insurance company in Bahrain, has formed a partnership with Zain Bahrain, part of Zain Group, a leading telecommunications operator across the Middle East and Africa, which provides mobile voice and data services.
The majority of Australians have paid out-of-pocket for desexing procedures for pet dogs and cats, forking out A$289 ($182) on average, according to a new study by Compare the Market, a price comparison platform.