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Financial Performance tag returned 915 results

  • China: 5 major A-share listed insurers' combined growth slows in September

    The five major A-share listed insurance companies in China have posted an aggregate premium income of CNY2.055tn ($307bn) in the first nine months of this year, an increase of 5.80% compared to the corresponding period last year. In contrast, the growth rate of these insurers for the first three quarters of the year was 6.15%.

    China | 23 Oct 2020
  • Japan: Non-life insurers' show higher operating efficiency

    Japan's non-life insurance companies have increased operating efficiency since liberalisation of the insurance industry in 1996, and have conducted mergers and business integrations since 2000. As a result, for all non-life companies, the underwriting expense ratio (other than commission and brokerage) in the financial year ended 31 March 2020 (FY2019) decreased to 15%, compared with 21% for FY1995, prior to liberalisation.

    Asia | 23 Oct 2020
  • Oman: Reinsurer's net profit jumps by 51% in first 9 months of 2020

    Oman Re, the sole reinsurer in the Sultanate of Oman, has reported net profit of OMR1.1m (2.8m) for the nine months ended 30 September 2020, representing a 51% rise compared to OMR725,000 for the corresponding period in 2019. Gross written premium increased by 25% to reach OMR21.8m in January-September 2010 against OMR17.5m for the same period in 2019.

    Middle East | 21 Oct 2020
  • Why risks are being mispriced?

    The insurance marketplace is not that far off a $300bn loss year and it is vital reinsurance and insurance-linked securities (ILS) markets price adequately for climate change risk.

    Asia Risk | 21 Oct 2020
  • Hard market and global recession can be tricky for risk managers

    The hard insurance market should serve as a wake-up call for risk and insurance managers to refocus their efforts on the basics of the profession: Risks, exposures, mitigation and loss prevention, and how to communicate them.

    Asia Risk | 21 Oct 2020
  • Kenya: Reinsurer has long-term strong operating track record

    ZEP-RE has a track record of strong operating performance over the longer term, despite challenging market conditions, evidenced by its five-year (2015-2019) weighted average return on equity (ROE) of 9.4%, notes AM Best.

    Africa | 19 Oct 2020
  • Algeria: State owned reinsurer shows strong technical results, good investment returns

    Compagnie Centrale de RĂ©assurance (CCR) has a track record of strong operating profitability, underpinned by robust technical results and good investment returns. Profit after tax but before transfers to the equalisation reserves has ranged from DZD3.2bn ($30.3m) to DZD4.8bn over the past five years (2015-2019), driving a strong five-year weighted average return-on-equity ratio of 12.2% over the same period, says AM Best.

    Middle East | 18 Oct 2020
  • Aerospace industry faces elevated risks, traffic to recover only in 2024

    Global air traffic is not likely to recover to pre-pandemic levels until 2024, according to the latest forecast by Euler Hermes.

    AIRPlus | 15 Oct 2020
  • Maldives: Insurers hoping for a turnaround as tourism opens up

    The insurance industry in the Maldives is facing one of its greatest challenges as the COVID-19 pandemic brought the country's economy to a complete standstill.

    AIRPlus | 13 Oct 2020
  • Morocco: Insurance market weakens in August

    Premiums issued by insurance and reinsurance companies in Morocco totalled MAD2.47bn ($269m) in August, down 17% compared to a year earlier, according to data from the Insurance and Social Insurance Supervisory Authority (ACAPS).

    Middle East | 13 Oct 2020

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