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Financial Performance tag returned 373 results

  • Vietnam: Insurance market flourishes in first four months of 2019

    Total insurance premiums in Vietnam increased by 17% year-on-year to VND44.3tn ($1.9bn), reported Vietnam News Agency citing figures from the Ministry of Finance.

    Asia | 23 May 2019
  • Asian premium growth slows down on the back of regulatory curb in China

    Premium growth in Asia (ex Japan) slowed down to 2.3% in 2018 to EUR871bn ($969.94bn), with the region accounting for only 16% of global premium growth compared to a whopping 81% in 2017, according to the latest annual Allianz Global Insurance Report.

    Asia | 23 May 2019
  • Australia: Nat CAT costs hits performance of general insurers in Q12019

    Australia's general insurance sector recorded a 32.4% drop in underwriting results to A$2.8bn, due to claims from the Sydney hailstorm and Townsville flood as well as a strengthening of claims reserves in professional indemnity and mortgage classes.

    Asia | 23 May 2019
  • Egypt: Insurers post higher premium income but lower net gains in FY2018

    The Egyptian insurance market posted total premiums of around EGP30bn ($1.76bn) for the fiscal year ended 30 June 2018 (FY2018), a growth rate of around 23.4% compared to the EGP24bn chalked up for FY2017, according to the latest annual report of the Financial Regulatory Authority.

    Middle East | 23 May 2019
  • Japan: Non-life insurers maintain positive outlook in the face of Nat CAT losses

    Japanese insurers are under pressure to rebuild their reserves after deploying a sizeable portion in 2018 in what was a severe CAT year for the local market, revealed a new report by AM Best. Japan was rocked by a series of Nat CAT events last year which resulted in significant insured losses with the costliest being Typhoon Jebi.

    Asia | 22 May 2019
  • UAE: 28 of 30 listed insurers make profits in 1Q

    Insurance companies listed in the Dubai and Abu Dhabi bourses continued their strong performance in the first quarter of this year as premium revenue improved, driven by a favourable regulatory environment.

    Middle East | 22 May 2019
  • Palestine: 6 listed insurers show combined 1Q net gains of US$7.5m

    The combined net profit of six insurance companies listed on the Palestine Stock Exchange increased by 7.9% during the first quarter of 2019 on an annualised basis to $7.48m.

    Middle East | 22 May 2019
  • Algeria: Biggest insurer grows at double the industry's pace

    The largest insurer in Algeria, National Insurance Company (Société Algérienne des Assurances or SAA), has posted a turnover of DZD27.7bn ($231.6m) for 2018, representing an increase of 4.4% compared to 2017.

    Middle East | 22 May 2019
  • Kuwait: National reinsurer reports surge in 1Q net profits

    Kuwait Reinsurance has reported a net profit of KWD1.64m ($5.4m) for the first quarter of 2019, an increase of 61% as compared to KWD1.02m for the corresponding quarter in 2018. The robust growth is mainly contributed by increased net earned premium and investment income.

    Middle East | 21 May 2019
  • Ageas sets its sights on the future

    Ageas has formulated a three-year strategic plan with a focus on the future. The strategy, Connect21, was first unveiled in September last year and more details have finally been released in Ageas's business report for 2018.

    AIRPlus | 21 May 2019

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