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Property & Casualty tag returned 6650 results

  • GCC: Earnings of listed insurers slide in 1Q2025 on underwriting volatility & lower yields

    Listed GCC insurers saw overall earnings decline in 1Q2025, with net profits slipping by 1.4% to $628m from $637m in 1Q2024, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.

    Middle East | 22 May 2025
  • UAE: Dubai Insurance shows strong operating performance

    Dubai Insurance Company (DIN), among the top five insurers in the UAE in terms of insurance revenue and net profit, has a track record of strong operating performance supported by robust underwriting results and steady investment income, says AM Best.

    Middle East | 22 May 2025
  • Iraq: Finance Ministry commissions review of state-owned insurance players

    The Ministry of Finance has commissioned global professional services firm Ernst & Young (EY) to evaluate the performance of government-owned (re)insurance companies.

    Middle East | 22 May 2025
  • Australia: ARPC releases figures of total claims received

    To date, the Australian Reinsurance Pool Corporation (ARPC) has received 9,399 cyclone claims, with a total incurred value of A$121m ($77.9m), according to released statistics. The cyclone pool, which ARPC operates, targets support to cyclone-prone areas.

    Asia | 22 May 2025
  • Japan: High costs deter 92% of Japanese from travel this year

    Nearly two-thirds (62%) of respondents to a new survey in Japan do not plan to travel this year, with 92% citing a lack of money or high costs as the main reason.

    AIRPlus | 21 May 2025
  • Australia: Porch thieves steal delivered packages of one in three Aussies

    Parcel theft, otherwise known as 'porch piracy' is an increasing concern among Australians, especially during peak seasons like Black Friday and Christmas, according to a report by Compare the Market that operates a price comparison platform.

    AIRPlus | 21 May 2025
  • Tanzania: Regulator directs mandatory underwriting of energy-related risks via consortium

    The Tanzania Insurance Regulatory Authority (TIRA) has issued a notification, directing that all energy-related insurance risks must be directly underwritten through the Tanzania Energy Coinsurance Consortium (TECC).

    Africa | 21 May 2025
  • Kuwait: GIG's 1Q net profit dented by lower investment income

    Gulf Insurance Group (GIG) has increased its net insurance result by 39% to KWD8.7m ($28.2m) in the first quarter of 2025, up from KWD6.2m in the corresponding period last year, primarily driven by a significant improvement in the performance of its underlying insurance operations across the majority of its subsidiaries and lines of business.

    Middle East | 20 May 2025
  • Singapore: Zurich announces new appointments

    Zurich has appointed to its Singapore Commercial Insurance business Ms Christy Yeo as head of property and Ms Wendy Ong as head of financial lines.

    Asia | 20 May 2025
  • UAE: Insurers see bright and sunny 1Q2025

    The absence of rains coupled with rising premium rates has led to insurance revenue growing by 21% in the first three months of 2025 in the UAE, reaching AED11.9bn ($3.2bn) versus AED9.8bn in the corresponding period last year, says Badri Management Consultancy, an international actuarial and risk consulting company.

    Middle East | 19 May 2025


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