The Bahraini insurance market saw a growth of 3.1% during the first half of this year, with insurance premiums reaching BHD151.49m, compared to BHD146.86m in the corresponding period of 2022, according to data from the Central Bank of Bahrain (CBB).
International new oil and gas capacity grew by 13% in 2022 and this capacity growth has mainly happened in China and Southeast Asia according to a new study.
A new global monitoring system to detect potential cyber threats emerging on the dark web before they take hold within organisations has been launched by cyber security firm NCC Group.
The Pakistani insurance industry grew by 28% in terms of gross premiums in 2022, according to the report "Insurance Industry Statistics 2022" released by the Securities and Exchange Commission of Pakistan (SECP).
Roojai, Thailand's leading online insurance company, has entered into an agreement to acquire DirectAsia group from Hiscox.
The non-life insurance market in South Korea has been demonstrating resilience over the last few years, and its premium volume is expected to grow by 4.4% to KRW125.4tn ($92.5bn) in 2023, according to a blog posted on the website of Korean Re.
Tokio Marine & Nichido Fire Insurance (TMNF) has a track record of consistent premium growth and a robust bottom line, supported by its diversified business portfolios and a five-year average return on equity of 5.4% (fiscal year 2018 - 2022) on a consolidated basis, as calculated by AM Best.
The Financial Supervisory Commission (FSC) recently required property and life insurance companies to conduct stress tests based on their financial statements at the end of 2022, given that insurers paid out huge COVID-19-related claims in the past two years and in early 2023 .
The financial results of reinsurers that participated in the "South African Insurance Industry Survey 2023" are largely characterised by the impact of several Nat CAT events in 2022, and the recovery of mortality levels experienced by the industry following the stabilisation of the life insurance environment that was plagued by the impacts of the COVID-19 pandemic.
Online business is expected to boost the Nigerian insurance sector, helping it to end 2023 with an expected gross premium of NGN1tn ($1.28bn) compared to NGN726bn in 2022.