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Financial Performance tag returned 913 results

  • 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
  • Ghana: Insurers face weak underwriting and declining investment performance

    Underwriting losses and declining investment yields pose risks to profitability within the insurance industry, the Bank of Ghana says in its financial stability report.

    Africa | 12 Oct 2020
  • Kenya: Reinsurer shows solid operating performance in challenging conditions

    Nairobi-headquartered East Africa Reinsurance Company (EARe) has a track record of solid operating performance in challenging market conditions, evidenced by its good five-year (2015-2019) weighted average return on equity (ROE) of 14.3%, notes AM Best.

    Africa | 12 Oct 2020

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