The Turkish insurance industry grew by 19.3% to report total premiums of TRY82.6bn ($11.2bn) in 2020 compared to 2019, in spite of the COVID-19 pandemic, announced the Turkey Insurance Association (TSB).
Leading international insurance group Howden Group Holdings yesterday announced that its revenue for the year ended 30 September 2020 (FY2020) stood at GBP777m ($1.07bn), an increase of 7% compared to FY2019.
Listed insurance companies in Oman have reported combined net profit growth of 43% to OMR35m ($91m) for 2020 compared to OMR24.6m in 2019, according to data compiled by investment firm Ubhar Capital (U Capital).
Africa Re's premium income is expected to increase by about 5% annually over 2021-2022, mostly reflecting the economic recovery in most areas it operates, says S&P Global Ratings.
The five major A-share listed insurance companies in China have posted an aggregate premium income of CNY2.49tn ($385bn) in 2020, an increase of 3.65% compared to 2019.
The total premium income of the life insurance industry from January to December last year reached NT$3,025bn ($108bn), a decrease of 7.9% from the previous year, according to statistics from the Life Insurance Association (LIA-ROC).
QBE, Australia's biggest insurer in terms of premiums, has stated that its 2020 financial results will now include an additional $185m risk margin strengthening with respect to potential Australian business interruption claims.
Total premiums in Egypt increased to EGP40.1bn ($2.55bn) in the 2020 fiscal year compared to EGP35.2bn in the previous year, an increase of 14%.
Driven by continued capital market recovery and new equity issuance, global reinsurer capital had returned to its pre-pandemic high of $625bn at the end of September.
Medical insurers in Kenya posted KES891m ($8m) in underwriting profit in the six months ended June last year, their highest-ever underwriting gains, according to data from the Insurance Regulatory Authority (IRA).