China Pacific Anxin Agriculture Insurance Co (Anxin) has strong capitalisation and low-risk investment portfolio, and the strong support of its parent, China Pacific Property Insurance (CPPIC), notes Moody's Investors Service.
India's post-pandemic recovery will sustain growth in insurance premiums, improving profitability amid favourable government reforms to the state-owned insurance sector, according to a new report by Moody's Investors Service.
The operating performance of Nippon Life Insurance Company (Nissay) has been consistent and resilient amid the COVID-19 pandemic, notes AM Best.
The growth of the combined premium income of the five major A-share listed insurance companies in China was almost flat last year, standing at 0.03% year-on-year, adding pressure on sales this year.
Malaysian Re has a 'Very Strong' capital buffer and sustained financial performance, notes Fitch Ratings. The global credit rating agency believes the company will continue to maintain its capital buffer to combat volatilities in its underwriting performance.
The listed insurance companies in Oman saw an increase in the top line of 4% in 2021, with premium volumes increasing to OMR403m ($1.05bn), according to preliminary annual financial results posted by the insurers that were analysed by Badri Management Consultancy, a Middle East actuarial consulting firm.
The insurance industry in Sri Lanka was able to achieve a growth of 6.19% in terms of overall gross written premium (GWP), during Q3,2021, recording an increase of SLR9.367bn ($46.2m) when compared to the same period last year. The GWP of long-term Insurance business amounted to SLR86.6bn ($427m) [Q3, 2020: SLR72.3bn ($356m)] recording a growth of 19.82%. The GWP of general insurance business amounted to SLR74bn (Q3, 2020: SLR79bn) recording a decline of 6.28%
Secondary peril events are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters, according to a new AM Best commentary.
Germany's Federal Association of Wholesale, Foreign Trade, Services (BGA) has said that while recent trade figures show a positive trend in German international business, big potential risks lie ahead, particularly in the supply chain.
Insurance House (IH) has demonstrated an adequate operating performance track record in recent years, following the execution of strategic initiatives to stabilise its operations in light of historically volatile performance in 2016 and prior years, notes AM Best.