The non-life insurance sector in Uganda reported profits of UGX19.87bn ($5.4bn) in 2018, more than five times higher than the UGX3.1bn seen in 2017, according to the Insurance Regulatory Authority (IRA).
The Africa & Arab zone is the largest international underwriting market for Algeria's state owned reinsurer Compagnie Centrale de Reassurances (CCR), the company says in its recently released annual report for 2018.
Algerian state owned reinsurer Compagnie Centrale de Reassurances (CCR) has posted a turnover of DZD32,077m ($270m) in 2018, an increase of 8.84% over 2017, according to the company in its annual report for 2018.
Singapore's P&C industry is expected to reap a return on equity of 4%-7% and to have a net combined ratio of 90%-95% through 2020, says S&P Global Ratings.
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.
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.
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.
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.
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.
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.