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Financial Performance tag returned 530 results

  • Health insurance rates have reached the limit

    Even as health insurance business in China is growing rapidly, attention is being drawn too to the quick rise of the loss ratio in this class of business, pointed out Mr Addise Li, head of health, Greater China, at Aon Benfield.

    China | 15 Nov 2019
  • 'Back to business' for ChangAn Liability following doubling of capital

    The CBIRC has removed administrative sanctions against ChangAn Property & Liability Insurance after the company injected funds to improve its solvency position. The move allows the company to resume normal business.

    China | 15 Nov 2019
  • Jordan: Aggregate profits of 22 insurers surge by 57% for Jan-Sep

    The combined profits of 22 insurance companies operating in the Jordanian market jumped by 57.1% for the first three quarters of this year (YTD 3Q2019) compared to the corresponding period last year, according to a study by Sanabel Al Khair for Financial Investments.

    Middle East | 14 Nov 2019
  • Pakistan the next big emerging market?

    Asia's economic growth in recent years has been nothing short of phenomenal, and with low insurance penetration rates in many areas, there remains a considerable amount of market for insurers to tap into.

    AIRPlus | 13 Nov 2019
  • Kuwait: Reinsurer's net profit for Jan-Sep hits nearly US$13m

    Kuwait Reinsurance has reported a net profit of KWD3.87m ($12.74m) for first nine months of this year (YTD 3Q2019), an increase of 30% as compared to KWD2.97m for the corresponding period last year. The increase was mainly contributed by increases in net earned premium and investment income.

    Middle East | 11 Nov 2019
  • Lebanon: Life insurance sector earns US$118m in net profit in 2018

    The aggregate net profit of 33 companies operating in the life insurance segment in Lebanon reached $118.2m in 2018, constituting an increase of 7.4% from $110.1m in 2017, reported the Economic Research & Analysis Department of Byblos Bank citing data released by the Insurance Control Commission.

    Middle East | 11 Nov 2019
  • 2020 Korea Insurance Industry Outlook

    The economic outlook of South Korea for the upcoming year is, in one word, 'blue'.

    AIRPlus | 11 Nov 2019
  • Saudi Arabia: Tawuniya profits cross US$60m in Jan-Sep

    One of Saudi Arabia's largest insurers, The Company for Cooperative Insurance (Tawuniya), has reported a net profit before zakat of SAR225.5m ($60m) for the first nine months of 2019, surging by 293.4% against the same period last year.

    Middle East | 10 Nov 2019
  • 80 insurers net 5% of non-life sector's profits from Jan-Sep

    China's three biggest non-life insurers commanded more than 95% of the net profits of the general insurance industry in the first nine months of this year.

    China | 08 Nov 2019
  • Turkey: More consolidation expected in the insurance sector

    The M&A trend in the Turkish insurance sector could accelerate in the next 10 years, Mr Recai Dalas, CEO of Retail Insurance of Sompo International, and CEO & director of Sompo Sigorta, has predicted as he gave his views on consolidation in the sector.

    Middle East | 05 Nov 2019

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