Composite insurance rates in the third quarter of this year decreased by 5% in the India, Middle East, and Africa (IMEA) region, at the same pace as in 2Q2025, according to Marsh's "Global Insurance Market Index" for 3Q2025. Rates in IMEA for large and complex organisations are often impacted by the reinsurance market.
The Australian insurance industry and country's financial regulators have initiated discussions to identify ways to drive regulatory efficiency and productivity across the general insurance sector in line with the federal government's productivity agenda.
Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has posted a 23% increase in net profit before Pillar II* tax for the first nine months of 2025 (9M2025).
China's upcoming 15th Five-Year Plan has outlined a comprehensive blueprint to strengthen the country's social welfare and population support systems while reinforcing agricultural incentives to ensure food security and rural revitalisation. Released on 28 October, the proposals underscore Beijing's focus on building a more inclusive, resilient and sustainable social safety net that supports an ageing population and secures farmers' incomes through policy coordination and insurance mechanisms.
China's NEV insurance market has continued its strong growth momentum this year, with commercial NEV insurance premiums surpassing CNY108.79bn ($15.2bn) in the first three quarters of 2025, according to local media reports.
Ping An Insurance (Group) Company of China reported solid growth for the first nine months of 2025, with operating profit attributable to shareholders rising 7.2% year on year to CNY116.26bn($16.28 bn). Third-quarter operating profit grew 15.2% year on year, while net profit surged 45.4% in Q3 to CNY132.86bn, up 11.5% for the nine-month period.
These are the highlights for events and updates across the insurance industry this week.
Sukoon Insurance has announced a 56% year-on-year (YoY) surge in profit before tax to AED303.2m ($82.3m) for the first three quarters of this year (3Q2025), exceeding its full-year 2024 profit.
The Algerian insurance market recorded a significant increase of 8.1% in revenue in the first half of 2025, reaching DZD99.3bn ($767.0m), including international acceptances, according to data from the National Insurance Council (CNA).
Swiss Re has appointed Mr Mathieu Henry as UAE market head, P&C reinsurance. He will be based in Zurich, overseeing reinsurance activities in the region.