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Financial Performance tag returned 392 results

  • APAC developing markets make up 31% of total insurance growth

    According to a McKinsey report last month, developing APAC markets contributed to 31% of total premium growth from 2010 to 2017. Together with the North American market (42%), it made up the bulk (73%) of total premium growth during that period.

    AIRPlus | 18 Jun 2019
  • Saudi Arabia: Bupa commands 91% of insurance market's net profits in 2018

    Twenty-one (21) insurance companies in Saudi Arabia reported pre-zakat and income tax profits in 2018 compared to 24 companies in 2017, according to an analysis by Arabian Shield Insurance.

    Middle East | 17 Jun 2019
  • P&C insurer eyes future strategy on its 10th anniversary

    Nanjing headquartered Zking Property & Casualty Insurance marked its 10th anniversary last month, facing a number of challenges including how to expand its market share which has hovered at just under 0.5% over the past five years.

    China | 14 Jun 2019
  • In a first, G 20 takes note of ageing as a global risk

    The world's top policymakers have for the first time taken note of economic issues relating to rapidly ageing populations and shrinking birth-rates which lead to ballooning healthcare costs, labour shortages and financial services for the elderly.

    Asia Risk | 12 Jun 2019
  • Saudi Arabia: Reinsurer more than doubles net profits in 1Q

    Saudi Arabia's sole local reinsurer, which writes life and non-life business in more than 40 markets in Asia, Africa and MENA, saw its profits surge by 226% in the first quarter of 2019 against the corresponding quarter of the previous year despite 19.7% drop in GWP.

    Asia | 11 Jun 2019
  • Hong Kong insurance industry sees 12.3% growth in premiums for Q12019

    According to the latest provisional report by the Hong Kong Insurance Authority (IA), total gross premiums reached HK$148.8bn ($19bn), indicating an increase of 12.3% over the corresponding period in 2018.

    AIRPlus | 10 Jun 2019
  • Underwriting performance of P&C insurers weakens in Jan-April period

    From January to April this year, China's property and casualty insurance companies showed an overall underwriting loss situation. Data show that the 88 non-life companies posted an underwriting loss of CNY92m and a comprehensive cost ratio of 100.03% for the first four months. In comparison, the insurers reported a combined underwriting profit for the first four months of 2018.

    China | 07 Jun 2019
  • Indonesia: 2 reinsurers report growth in premium incomes

    Maskapai Reasuransi Indonesia (Marein) has reported strong revenue growth in 2018, with gross premium of IDR2.2trn ($154m), reflecting an increase of 22.7% over 2017.

    Asia | 04 Jun 2019
  • Chinese insurance stocks spike after tax cut policy announced

    Overall, China's insurance sector has been lifted by the announcement of a proposed tax cut. PICC hit the daily limit while China Pacific Insurance and China Life Insurance were up more than 5% after China's ministry of finance issued the 'Announcement on the Pre-tax Deduction Policy for the Fees and Commission Expenses of Insurance Enterprises'.

    Asia | 03 Jun 2019
  • Insurers reel from high credit insurance losses

    In recent years, with credit tightening in the Chinese economy, rising non-performing loans in banks and the collapse of scores of online loan platforms, insurers are seeing increased claims ratios in their credit insurance operations.

    China | 31 May 2019

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