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Financial Performance tag returned 1382 results

  • 5 major A-share listed insurance groups post flat growth in premium income in 2021

    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.

    China | 21 Jan 2022
  • Malaysian Re's strong capital helps cushion volatilities in underwriting

    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.

    Asia | 21 Jan 2022
  • Oman: Listed insurers report stable premium growth but see profits plummet in 2021

    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.

    Middle East | 20 Jan 2022
  • Sri Lankan insurance industry maintains growth trajectory

    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%

    AIRPlus | 20 Jan 2022
  • Secondary perils take an increasingly larger share of CAT losses

    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.

    Asia Risk | 19 Jan 2022
  • Germany: Call for state action in face of fast-rising risks

    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.

    Asia Risk | 19 Jan 2022
  • UAE: Insurance House shows adequate operating track record

    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.

    Middle East | 17 Jan 2022
  • Indonesia: Millennials, Islamic banks and digitalisation boost takaful growth

    Takaful in Indonesia has the potential to grow because of the increasing proportion of the Muslim millennial population who are starting to become aware of Shariah financial services, according to the director of Islamic Economy Supporting Ecosystem, National Committee for Sharia Economics and Finance (KNEKS), Dr Sutan Emir Hidayat.

    Middle East | 16 Jan 2022
  • Turkey: Insurers brace for higher motor compensation claims

    New rules introduced by the insurance regulator under the Traffic Insurance General Conditions, which were published on 4 December 2021, will result in higher compensation costs for motor insurers, says the Insurance Association of Turkey (TSB).

    Middle East | 09 Jan 2022
  • India: IRDAI forms advisory panel to prevent or minimise losses in general insurance sector

    The IRDAI has formed an advisory committee to incubate and develop initiatives at the industry level to prevent or minimise losses in the general insurance market.

    Asia | 07 Jan 2022

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