The Turkish insurance industry produced TRY69.2bn ($11.7bn) in premiums in 2019, according to data released by the Turkey Insurance Association (TSB).
The Turkish insurance market, which saw growth of 24% in terms of premiums in the first 10 months of 2019, is expected to continue to expand this year, according to international professional services firm KPMG Turkey.
China's insurance sector saw premium income jump by 12.2% in 2019 to cross the CNY4tn mark for the first time. Total premium income reached CNY4.27tn ($615bn), with growth driven by life business, particularly health insurance.
Five major listed Chinese insurance companies have posted combined premium revenue of CNY2,399.3bn ($346bn) in 2019, representing a year-on-year increase of 9.35% over 2018.
Investment bank Arqaam Capital has named Saudi Reinsurance Company among its preferred picks in the Saudi insurance sector, maintaining a "Buy" recommendation on the national reinsurer.
Hong Kong listed PICC Property and Casualty Company has announced that based on estimates, the net profit of the company for the year 2019 is expected to increase by approximately 35% to 60% over 2018.
The Moroccan insurance market saw sustained growth in 2019, estimated industry professionals based on increases observed over the previous two years.
Ghana Re has a track record of positive operating results, which are considered adequate when inflation rates in the company's key markets are taken into account, says AM Best in a recent commentary.
African economies will continue to experience in 2020 a protracted growth slowdown, particularly the biggest ones such as South Africa (+0%), Algeria (+0.5%) or Nigeria (+1%), according to Allianz Euler Hermes.
The insurance market in Tunisia continued to grow with total premiums written increasing by 7.9% in 2018 (compared to 12.5% ??in 2017), reaching TND2.25bn ($801m), according to the latest annual report released about three weeks ago by the General Insurance Committee (CGA).