IAG New Zealand, the largest non-life insurer in New Zealand, has increased its profit by 79% in the year ended 30 June 2019 (FY2019), due to higher premiums and low natural disaster claims.
China Life Insurance, the biggest life insurer in China, has posted steady growth in its premium income in the first seven months, company data show.
Emirates Insurance, a leading UAE based insurer and reinsurer, has announced its half-year results, showing a 53% increase to AED90m ($24.5m).
Ping An Insurance (Group) Co, the country's largest insurer by market value, posted a 68.1% jump in first-half net profit, the fastest pace of growth in more than a decade, on a rise in retail customers, reported Reuters.
Four life insurers and two non-life companies, which started operations last year, have posted 1H2019 results that highlight outcomes arising from their different backgrounds.
Major insurance group Taikang Insurance Group plans to double the registered capital of its online-only insurance subsidiary Tk.cn Insurance.
Major local life insurers including Hanwha Life and Nonghyup Life saw their net profits for the first half of 2019 fall by more than 50% from the corresponding period a year earlier.
This insurance giant delivered Asia-led growth in the first half of 2019. It is also set to complete its demerger in the fourth quarter of 2019 and preparations are complete for its move to Group-wide supervision by the Hong Kong Insurance Authority.
German reinsurer Hannover Re reported a successful first half-year both in property and casualty (P&C) reinsurance as well as in life and health (L&H) reinsurance with group net income seeing a significant 19.3% increase to EUR662.5m ($741.4m) compared to the previous year's equivalent period. At the same time, its gross written surged by 17.1% to EUR11.7bn and net premium earned climbed by 12.1% to EUR9.4bn (unadjusted for exchange rate effects).
Aviva Singapore has reported a 24% growth in its annual premium equivalent (APE) for the six months ended 30 June 2019. Its APE increased to S$136m ($98.1m) from S$110m in 1H2018. The largest contributor to this growth remains the financial advisory (FA) channel which saw its sales increase by 14%.