Seventy unlisted life insurance companies scored aggregate net profit of CNY22.473bn ($3.2bn) for the first six months of this year, an increase of 73% over the CNY12,920bn reached in 1H2018.
Among the six foreign reinsurers with branches in China, four increased their premium income in the first half of this year, according data compiled by Blue Whale Insurance from financial reports submittted by the reinsurers.
China's six major A and H-share listed insurance groups have reported a combined premium income of CNY1.69tn ($239m) for the first seven months of this year, an increase of 8.77% over the corresponding period last year.
Total premiums written in the life insurance sector in Jordan amounted to JOD86.3m ($122m), an increase of 8% compared to JOD79.8m in 2017, data released by the Ministry of Industry, Trade and Supply show.
Kuwait Reinsurance has posted a 49% surge in net
profit to KWD2.87m ($9.43m) for the first half of 2019, as compared to KWD1.92m for the corresponding period previous year.
The Vietnamese insurance sector has targeted a growth rate of 20% for this year, according to the Vietnam Insurance Association.
In the first seven months of this year, Taiwan's life insurance industry saw overall first-year premiums (FYP) increase by 6.4% year-on-year to NT$726bn ($23.58bn), reported Taipei Times citing figures from the territory's Life Insurance Association.
The first half of 2019 saw favourable results for the UAE insurance sector, with significant premium income growth of 9% and profit growth of 2%, says Badri Management Consultancy, an actuarial consulting Firm in the Middle East.
Total profits chalked up by the UAE insurance market for 1H2019 amounted to AED1.02bn ($278m) compared to AED1bn (restated) recorded for 1H2018, reflecting a profit increase of 2%.
Despite reporting an underwriting loss of $24m in 1H2019, QBE Insurance posted a 29% jump in statutory net profit amounting to $463m compared to $358m in the same period last year. Its cash profit after tax increased by 35% to $520m. This resulted in the combined operating ratio decreasing to 95.2% from 95.8% year-on-year.