The outlook for the APAC insurance sector in 2025 is maintained as "Neutral', supported by stable operating margins and strong solvency buffers, says Fitch Ratings.
The outlook for the insurance sector in 2025 remains stable, albeit amid an uncertain macroeconomic and geopolitical landscape, says the International Association of Insurance Supervisors (IAIS).
The Australian government yesterday announced the second tranche of its "Delivering Better Financial Outcomes" reforms to ensure Australians have access to quality and affordable financial advice.
The Capital Market Authority (CMA) has approved a plan by Saudi Reinsurance Company (Saudi Re) to increase its capital through a new share issuance. The approval was granted on 25 November 2024, according to a stock exchange statement issued by Saudi Re.
The central bank, Bank Negara Malaysia, yesterday released a policy document specifying the minimum requirements for enhanced consistency and comprehensive transparency aimed at improving information disclosure of financial products offered by financial service providers (FSPs), including insurance companies and takaful operators.
Allianz Australia has entered into a partnership with the Royal Automobile Association of South Australia (RAA) in a deal worth A$$642m ($416m).
Al Rajhi Cooperative Insurance Company has announced that it maintains its Insurance Financial Strength Rating (IFSR) of 'A3' with a 'Stable' outlook from Moody's Ratings (Moody's).
Australians are now almost three times more likely to insure their car instead of their biggest asset - themselves and their earning potential - with new research revealing a deepening national crisis in access to affordable financial advice.
Saudi Arabia is expected to see an increase in mergers and acquisitions (M&A) in its insurance sector as the GCC region enters a significant consolidation phase.
The first half of 2024 saw a significant improvement in market competition and the return of insurer choice for buyers, from both existing insurers and new entrants, says Mr Scott Eccleston, head of global placement, Pacific, at global insurance broking giant March.