The insurance industry in China chalked up aggregate net profits of CNY313.3bn ($44.6bn) last year, according to data obtained by Securities Times. This would be the first time that the industry's performance has exceeded CNY300bn in aggregate profits.
Swiss Re has reported a 73% increase in group net income to $727m for 2019, although the group's property and casualty businesses were impacted by $2.7bn in large losses from natural catastrophes and man-made events, as well as by increased claims in US casualty.
Great Eastern Holdings has announced its financial results for the yer ended 31 December 2019. Asia Advisers Network brings you the highlights, what Group CEO Khor Hock Seng said about the potential impact of the coronavirus to business and his views on what consumers look for when it comes to distribution.
The Indonesian insurance industry posted growth of 8% in terms of premiums last year, according to data from the Financial Services Authority (OJK), despite the ills afflicting the state-owned financially stricken life insurer Asuransi Jiwasraya.
Great Eastern Holdings (the Group) has announced that its profit attributable to shareholders increased by 36% to S$1.0bn ($0.7bn) for the financial year ended ended 31 December 2019 (FY19).
Gulf Insurance Group in Jordan (gig Jordan) achieved in 2019 its highest profit since its establishment as well as retained its market leadership position.
Orient Insurance has reported sterling results for the financial year ended 31 December 2019, that show its top ranking in several financial parameters.
Non-life insurance companies in South Korea say they expect to have another difficult year in 2020 but are doing their best to boost profitability.
New India Assurance, the country's biggest non-life insurer, has an operating performance which AM Best describes as adequate given the insurer's track record of overall profitability in the five fiscal years from 1 April 2015 to 31 March 2019.
Kuwait Reinsurance has reported a surge of 40% in net profit to KWD4.73m ($15.5m) for the year 2019, as compared to the previous year, according to a statement issued by the company.