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Financial Performance tag returned 508 results

  • South Korea: Insurance business predicted to see flat growth next year

    South Korean insurance companies are expected to report nearly flat growth in their premium income for next year, as the insurance industry is grappling with a slowing economy and an ageing population, reported the Yonhap News Agency.

    Asia | 10 Oct 2019
  • Africa: Reinsurers cautious due to lower profitability & uncertain economic outlook

    The mood among Africa's reinsurance executives has become more bearish as declining rates and rising claims weigh on the profitability of the African reinsurance markets with a current premium volume of roughly $7.5bn, says the Africa Reinsurance Pulse 2019.

    Africa | 07 Oct 2019
  • Namibia: Long-term insurance shows robust profit growth and remains stable

    The long-term insurance industry in Namibia in 2018 remained stable, solvent and well capitalised, says the Financial Institutions Supervisory Authority in its 2018 annual report released recently.

    Africa | 07 Oct 2019
  • Egypt: 1H technical loss rate narrows on higher premiums

    Technical loss rates in the Egyptian insurance market, for life and property insurance companies, decreased by nearly six percentage points to 24.8% for the first half of 2019, compared to 30.5% for January to June last year.

    Middle East | 02 Oct 2019
  • Hong Kong: Gross premiums for 2018 see 5% rise

    Total gross premiums in Hong Kong increased by 5.2% on-year to HK$514.5bn ($65.3bn) in 2018, according to statistics recently released by the Insurance Authority (IA).

    Asia | 01 Oct 2019
  • Health insurance market projected to grow to $4.47bn globally

    According to a report by Allied Market Research, the global health insurance industry was pegged at $3.15bn in 2018 and is projected to reach $4.47bn by 2026, registering a CAGR of 4.4% during the forecast period.

    AIRPlus | 30 Sep 2019
  • Insurance industry posts 13% increase in premiums to US435bn in first 8 months

    The Chinese insurance industry recorded premium income of CNY3.1tn ($434.6bn) in the first eight months of this year, according to data from the CBIRC. The figure represents an increase of 13.14% over the corresponding period last year.

    China | 27 Sep 2019
  • P&C insurers tested by premiums receivables

    According to industry data, property insurance companies' total premiums receivable in the first half of the year exceeded CNY200bn ($28bn), an increase of nearly 30%.

    China | 27 Sep 2019
  • Global economy to dodge recession, but expect flat growth

    The global economy should avert a fully-fledged recession next year thanks to proactive measures by policymakers, according to trade credit insurer Euler Hermes.

    AIRPlus | 26 Sep 2019
  • Taiwan: Life insurers see 43% jump in profit

    Taiwanese insurers posted a NT$101bn ($3.25bn) pre-tax profit at the June 2019 with NT$92.7bn from life insurers and NT$8.3bn from non-life insurers. While life insurers saw a 43% increase in pre-tax profit compared with the same period in 2018, non-life insurers did not fare as well and saw a 10.1% drop in profit according to a monthly publication from local regulator Financial Supervisory Commission (FSC).

    Asia | 25 Sep 2019

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