The combined net profits of insurance companies in Lebanon increased by 14% to $174m (LBP262.5m) in 2018 compared with the previous year, according to the Insurance Control Commission (ICC)'s annual report for 2018.
The Algerian insurance market posted a total of DZD80.8bn ($677m) in premiums (including international acceptances) in the first six months of this year, an increase of 9.4% compared to the first half of 2018, according to data from the National Insurance Council.
The 0.9% growth in the GDP of services-producing industries in Singapore on a year-on-year basis in Q32019 was primarily supported by the finance and insurance sectors as well as other services and the business services sector. This is based on advance estimates released by the Ministry of Trade and Industry (MTI).
South Korean insurance companies are expected to report nearly flat growth in their premium income for next year, as the insurance industry is grappling with a slowing economy and an ageing population, reported the Yonhap News Agency.
The mood among Africa's reinsurance executives has become more bearish as declining rates and rising claims weigh on the profitability of the African reinsurance markets with a current premium volume of roughly $7.5bn, says the Africa Reinsurance Pulse 2019.
The long-term insurance industry in Namibia in 2018 remained stable, solvent and well capitalised, says the Financial Institutions Supervisory Authority in its 2018 annual report released recently.
Technical loss rates in the Egyptian insurance market, for life and property insurance companies, decreased by nearly six percentage points to 24.8% for the first half of 2019, compared to 30.5% for January to June last year.
Total gross premiums in Hong Kong increased by 5.2% on-year to HK$514.5bn ($65.3bn) in 2018, according to statistics recently released by the Insurance Authority (IA).
According to a report by Allied Market Research, the global health insurance industry was pegged at $3.15bn in 2018 and is projected to reach $4.47bn by 2026, registering a CAGR of 4.4% during the forecast period.
The Chinese insurance industry recorded premium income of CNY3.1tn ($434.6bn) in the first eight months of this year, according to data from the CBIRC. The figure represents an increase of 13.14% over the corresponding period last year.