The P&C insurance market as a whole chalked up increased revenue but lower profits in the first quarter of this year, according to an analysis of their 1Q2026 solvency reports.
PICC Property & Casualty Insurance Co (PICC P&C) activated its emergency response mechanism for major disaster events 244 times in 2025, and paid out over CNY13.1bn in claims for damage caused by the major disasters, according to the group's 2025 Sustainability Report.
Guoren Property and Casualty Insurance Co (Guoren P&C) is expected to improve its combined ratio in 2026 from 101.4% in 2025, according to Fitch Ratings.
Santam, Africa's largest general insurer, and the South African Weather Service (SAWS) have formed a partnership aimed at strengthening the country's early warning and forecasting capabilities and to ensure communities are better prepared to deal with severe weather-related occurrences and disasters.
Protection for directors of state-owned enterprises, the lack of international reinsurance coverage in major construction projects, and coverage for cyber attacks were three main issues raised at the Partner's Day 2026 conference organised by state-owned Compagnie Algérienne des Assurances (CAAT) on 12 May.
The UAE insurance sector delivered a strong performance in 2025, demonstrating broad-based improvement across both conventional and takaful portfolios, according to an update by BADRI Management Consultancy, based on listed insurers' audited financial statements.
Orient Insurance, the UAE's leading insurance provider, has delivered solid financial results for the three months ended 31 March 2026. The company continued its positive growth trajectory across key financial indicators, reflecting disciplined underwriting, prudent risk management, and a continued focus on delivering customer-centric insurance solutions.
The Korea Deposit Insurance Corporation (KDIC) has initiated steps for the sale of MG Insurance, previously known as MG Non-Life Insurance.
Global reinsurance giant Swiss Re has set aside an additional reserve of $400m for the Middle East war.
The first-quarter financial results of insurance companies in Saudi Arabia signal an early but cautious recovery from the widespread pressures observed throughout 2025, according to BADRI management consultancy, an international actuarial and risk consultancy.