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Financial Performance tag returned 409 results

  • Vietnamese insurer proves adept at change

    The Vietnam National Reinsurance Corporation, more generally known as VinaRe, turned in an impressive performance for 2018 in spite of heavy competition in the domestic insurance sector that saw only 17 of the 31 non-life insurers making a profit on their underwriting business.

    AIRPlus | 17 Jul 2019
  • Saudi Arabia: National reinsurer leads insurance sector in profit growth in 1Q

    Saudi Arabia's only locally incorporated reinsurer Saudi Re was ahead of direct insurers in the Kingdom in terms of profit growth in 1Q.

    Middle East | 17 Jul 2019
  • Nigeria: Insurance market sees premiums jump by 10% in 2018

    Premium income in the Nigerian insurance sector rose by 10% to NGN400bn ($1.1bn) in the 2018 financial year, according to the Nigerian Insurers Association (NIA).

    Africa | 15 Jul 2019
  • Sri Lanka: General insurers see business expand in 2018, but at slower pace

    General insurers saw more opportunities and challenges in 2018 because of a mix of various factors such as an increase in vehicle registrations and a decline in construction business, according to the Statistical Review for 2018 presented by the Insurance Regulatory Commission of Sri Lanka.

    Asia | 15 Jul 2019
  • UAE: Local insurers contribute 80% of total net profits

    The total net profit of all insurance companies operating in the UAE for 2018 stood at about AED2bn ($544m) with locally owned insurers accounting for 80% of the total and foreign-owned insurers, 20%, according to the annual report of the UAE Insurance Authority.

    Middle East | 14 Jul 2019
  • Sri Lanka: Ceylinco continues to lead life insurers in premium volume

    Ceylinco Life has continued to maintain its dominance in the long term insurance market by generating GWP of LKR17.8bn ($101m) in 2018 (2017: LKR15.8bn) and accounted for 22.18% of the total GWP in the life market.

    Asia | 11 Jul 2019
  • Sri Lanka: Insurance profits in 2018 shrink following surge in 2017

    The Sri Lankan insurance industry reported total profit before tax of LKR37bn ($210m), around 25% lower compared to 2017, according to a statistical review for 2018 presented by the Insurance Regulatory Commission of Sri Lanka.

    Asia | 10 Jul 2019
  • More than 60 life and non-life insurers make losses in 2018

    Sixty seven insurers made net losses last year, representing 39% of 172 life and non-life insurance companies analysed. Among the loss making insurers last year, 31 operated in the life market, including health. 36 were in the non-life sector.

    China | 05 Jul 2019
  • Global insurance premiums exceed $5tn for the first time: Sigma

    Global insurance premiums passed the $5tn mark for the first time in 2018, revealed the Swiss Re Institute's latest regular research publication sigma. The report, 'World insurance: the great pivot east continues', said that this development was based mostly on solid growth in the non-life sector, particularly in China and other countries in emerging Asia and also among advanced markets.

    Asia | 04 Jul 2019
  • Vietnam: Insurance regulator spells out busy work agenda for 2H2019

    Vietnam's insurance regulator has outlined the tasks it would undertake in the second half of this year to promote the development of the industry.

    Asia | 01 Jul 2019

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