Total premiums written in the life insurance sector in Jordan amounted to JOD86.3m ($122m), an increase of 8% compared to JOD79.8m in 2017, data released by the Ministry of Industry, Trade and Supply show.
Kuwait Reinsurance has posted a 49% surge in net
profit to KWD2.87m ($9.43m) for the first half of 2019, as compared to KWD1.92m for the corresponding period previous year.
The Vietnamese insurance sector has targeted a growth rate of 20% for this year, according to the Vietnam Insurance Association.
In the first seven months of this year, Taiwan's life insurance industry saw overall first-year premiums (FYP) increase by 6.4% year-on-year to NT$726bn ($23.58bn), reported Taipei Times citing figures from the territory's Life Insurance Association.
The first half of 2019 saw favourable results for the UAE insurance sector, with significant premium income growth of 9% and profit growth of 2%, says Badri Management Consultancy, an actuarial consulting Firm in the Middle East.
Total profits chalked up by the UAE insurance market for 1H2019 amounted to AED1.02bn ($278m) compared to AED1bn (restated) recorded for 1H2018, reflecting a profit increase of 2%.
Despite reporting an underwriting loss of $24m in 1H2019, QBE Insurance posted a 29% jump in statutory net profit amounting to $463m compared to $358m in the same period last year. Its cash profit after tax increased by 35% to $520m. This resulted in the combined operating ratio decreasing to 95.2% from 95.8% year-on-year.
IAG New Zealand, the largest non-life insurer in New Zealand, has increased its profit by 79% in the year ended 30 June 2019 (FY2019), due to higher premiums and low natural disaster claims.
China Life Insurance, the biggest life insurer in China, has posted steady growth in its premium income in the first seven months, company data show.
Emirates Insurance, a leading UAE based insurer and reinsurer, has announced its half-year results, showing a 53% increase to AED90m ($24.5m).