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Financial Performance tag returned 971 results

  • Be prudent over dividends, Bank of England tells insurers

    Bank of England (BoE) has asked Britain's insurers to maintain "high levels of prudence" when it comes to paying dividends given high uncertainty due to the coronavirus pandemic.

    Asia | 04 Dec 2020
  • Philippines: Insurer remains strong despite COVID-19 challenges

    The Philam Group, comprising AIA Philam Life and BPI-Philam, announced at a recent online media briefing that it had achieved 61% of its target in terms of basic sum assured coverage amid the COVID-19 pandemic.

    Asia | 04 Dec 2020
  • Dutch insurers can withstand pandemic shock

    The credit profiles of Dutch insurers are anticipated to remain broadly resilient to the disruptions caused by the coronavirus pandemic according to an analysis from credit rating agency Fitch.

    Asia | 04 Dec 2020
  • Aggregate net profit of P&C insurers suffers a blot

    Property insurance companies in China reported a combined net loss of CNY11.9bn ($1.8bn) for the first 10 months of this year, according to industry data.

    China | 04 Dec 2020
  • Japan: Life business dips but capitalisation remains strong

    In Japan, the pandemic has had a negative impact mainly on the new policy sales while in-force business, capital and profitability have largely remained unscathed according to an analysis by Moody's Japan K K.

    AIRPlus | 03 Dec 2020
  • UAE: Oman Insurance posts double-digit profit growth for first 9 months

    Oman Insurance Company, one of the leading insurance providers in the Middle East, has posted double-digit growth in net profit to AED160.2m ($43.6m) for the first three quarters of this year. The increase in net profit was 11% compared to that for the corresponding period last year.

    Middle East | 02 Dec 2020
  • Pandemic pools may offer limited benefit to large corporations

    With insurers largely unable to cover pandemics, many countries are considering public-private partnerships (PPP) to help businesses cope with future outbreaks. According to Swiss Re, there are at least 15 PPP pandemic solutions under discussion around the world, including proposals in the US, Canada and Australia.

    Asia Risk | 02 Dec 2020
  • Australian health insurers putting themselves out of business

    Australia's private health insurers are at risk of declining profitability, especially those who lack scale or access to capital. More importantly, since 2010, the average premium is now over 70% higher, while average wages for an Australian citizen have only gone up 32%.

    AIRPlus | 02 Dec 2020
  • India: General insurance sector shows red ink in FY2020

    The 32 companies in the Indian general insurance sector posted an aggregate net loss of INR14.02bn ($190.6m) for the financial year ended 31 March 2020 (FY2020), from a combined net profit of INR6.83bn in FY2019 and net profit of INR69.09bn in FY2018, according to statistics compiled by General Insurance Council, which represents all domestic general insurers.

    Asia | 02 Dec 2020
  • India: Motor revs, retail health moderates

    The Indian non-life industry reported a 7% y-o-y growth in premiums, excluding crop, in October 2020 which is marginally lower than 10-11% y-o-y growth over the past two months.

    AIRPlus | 01 Dec 2020

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