China welcomes well-performing foreign institutions to do business in China and the risks in the financial sector are controllable overall, reported Reuters quoting the head of its financial regulatory administration told the Lujiazui Forum in Shanghai yesterday.
China's five biggest listed insurers have announced total cash dividends of CNY78.19bn ($11bn) for the 2022 financial year. The dividend rate of each insurer remains at a relatively high level of more than 30%.
Insurers in New Zealand are responding to losses from recent Nat CAT events with significant pricing increases. At renewal, the industry is seeing premium rises of 20-50% in property classes and 10-20% in motor, according to Mr Mark Gustafson, general manager of Certus Insurance Brokers (CIBNZ).
Weak operating conditions for Sri Lankan insurers raise near-term downside risks to their credit profiles, says Fitch Ratings.
Listed insurers in Qatar posted a 56% jump in combined profits to QAR385m ($106m) for the first quarter of the year from QAR247m for the corresponding quarter in 2022, according to an analysis by Badri Management Consulting, an international company offering actuarial, strategic and technology consulting services.
The Korean insurance market performed more strongly than expected in 2022 thanks to a surge in retirement annuity premiums, says Korean Re in a blog about the financial performance of insurers.
Hong Kong-listed Target Insurance (Holdings) [Target Holdings] has announced that through its wholly-owned subsidiary in the UAE, it has successfully entered into letters of intent to invest with a number of investors to raise funds amounting to over HK$5.3bn ($680m).
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) is drawing up a roadmap and business plan that focuses on insurance, based on lessons learnt from the massive 6 February earthquakes, according to the agency's chairman, Mr Mehmet Akif Eroglu.
Bahrain National Holding Company (BNH), the parent company of Bahrain National Insurance Company and Bahrain National Life Insurance Company, reported a net profit attributable to shareholders of BHD1.74m ($4.62m) for the first quarter of this year.
The Ministry of Human Resources and Emiratisation has clarified that the subscription fees for the mandatory unemployment insurance scheme are borne by employees working in the private sector and public sectors, both citizens and expatriates.