The majority of Australians have paid out-of-pocket for desexing procedures for pet dogs and cats, forking out A$289 ($182) on average, according to a new study by Compare the Market, a price comparison platform.
Energy and natural resources companies have said that they face challenges getting the right insurance, according to Willis' "Global Clean Energy Survey 2025" released on 12 March.
China's insurance industry reported total payouts exceeding CNY2.3tn ($322bn) in 2024, according to data from the National Financial Regulatory Administration.
In 2024, underwriting losses widened for non-listed P&C insurers, though the overall deficit showed signs of improvement. Among 74 companies, 54 reported a combined ratio exceeding 100%. Notably, 37 insurers fell within the 100%-110% range-10 more than in 2023-while only eight exceeded 120%, down by six year-on-year.
These are the highlights for all events and updates across the industry this week.
Gross written premiums for the insurance industry in Egypt registered notable growth rates in 2024 with takaful contributions, in particular, showing outstanding performance.
AM Best's ratings of (re)insurers in the Middle East and North Africa (MENA) have generally trended positively. This is despite challenging regional geopolitical conditions, says the global credit rating agency.
Preparations to transform the Turkish Compulsory Insurance Pool (TCIP) from covering compulsory earthquake insurance to providing mandatory disaster insurance have been completed, except for legislation to be enacted by Parliament.
The profitability metrics of insurers in Qatar, particularly underwriting performance and ROE, outperform those of other GCC insurers, according to S&P Global Ratings credit analyst Emir Mujkic.
Headquartered in Cape Town, Santam Group has announced a net income attributable to equity holders of ZAR3.68bn ($201.07m) for 2024, 13% higher than in 2023.