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Financial Performance tag returned 765 results

  • Japan: 3 major insurers remain profitable in FY2019 despite Nat CAT losses

    The financial results for Japan's top three property and casualty (P&C) insurers for the fiscal year ended March 2020 (FY2019) suggest solid premium growth, profitability and capitalisation despite Nat CAT losses, although these results do not fully capture the broad impact from the coronavirus outbreak, states Moody's Japan.

    Asia | 03 Jun 2020
  • Australia: Life insurance sector plunges into net loss for 12 months to March 2020

    The life insurance industry's performance has continued to worsen, with net loss after tax standing at A$1.8bn ($1.2bn) for the year to March 2020 (FY2020), says the Australian Prudential Regulation Authority (APRA) in its Quarterly Life Insurance Performance Statistics publication for the March 2020 quarter.

    Asia | 03 Jun 2020
  • Oman: NLGIC seen as well placed to benefit from mandatory health insurance in Sultanate

    Muscat headquartered National Life and General Insurance Company (NLGIC) is well-positioned to benefit from the expected introduction of mandatory medical insurance in Oman, with the anticipated increase in business likely to provide the company with additional scale, according to AM Best.

    Middle East | 02 Jun 2020
  • Hong Kong: 1Q gross premiums climb by 11%

    Total gross premiums generated in 1Q2020 in Hong Kong increased by 10.9% to HK$165bn ($21.3bn) over the corresponding quarter in 2019, according to provisional statistics released by the Hong Kong Insurance Authority (IA).

    Asia | 01 Jun 2020
  • Insurance market shows recovery from COVID-19 impact

    From January to April, the Chinese insurance industry achieved aggregate premiums of CNY1.99tn ($277.8bn), a year-on-year increase of 4.34%. This is an improvement over its performance in the first three months of this year

    China | 29 May 2020
  • 2019 credit & guarantee insurance underwriting losses exceed US$550m

    Underwriting losses suffered in credit insurance business reached CNY2.23bn ($312m) last year while losses posted for guarantee insurance business stood at CNY1.8bn ($252m) last year, according to data from the CBIRC.

    China | 29 May 2020
  • Fanhua says agent recruitment and sales activities resumed in May

    Nasdaq listed Fanhua, a leading independent financial services provider in China,Since the beginning of May, has gradually resumed all kinds of offline training, agent recruitment and sales activities, following a lockdown imposed as the COVID-19 pandemic spread.

    China | 29 May 2020
  • Malaysia: Insurance sector in Labuan IBFC sees profits jump by over 40% in 2019

    The insurance industry in the Labuan International Business and Financial Centre (LIBFC) showed higher profitability in 2019, according to the Labuan Financial Services Authority (Labuan FSA) in its Market Report 2019 released yesterday.

    Asia | 29 May 2020
  • Organisations are vulnerable to fraud in the pandemic period

    Fraud is becoming an increasing concern as most of the staff of majority of organisations are working remotely due to the social distancing and national lock-downs imposed due to coronavirus pandemic.

    Asia Risk | 27 May 2020
  • South Korea: Insurance industry's 1Q2020 aggregate net profits plunge 26%

    South Korea's insurers saw their profits decline in the first quarter from a year earlier due to increased insurance operating losses, according to the preliminary data from the Financial Supervisory Service (FSS) released yesterday.

    Asia | 27 May 2020

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