The Ivory Coast insurance sector generated more than FCFA88bn ($148m) in revenue in the first half of the year, according to data from the General Directorate of the Treasury.
China's insurance sector posted strong profit growth in the first three quarters due to improved operations and government tax reductions, according to a report by Xinhua News Agency.
The net profits of life insurers in South Korea are declining and those of non-life insurers have worsened as well against a backdrop of low economic growth, low interest rates and an ageing population.
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.
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.
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.
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.
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.
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.
The economic outlook of South Korea for the upcoming year is, in one word, 'blue'.