The insurance market in Uganda posted gross premiums of UGX1.76tn ($490m) in 2024, 10% higher than the UGX1.60tn chalked up in 2023, according to data from the Insurance Regulatory Authority (IRA).
Euro Arab Insurance Group is expected to continue to expand its business, at 5%-10% per year over 2025-2027, with projected combined ratios of 97%-99% annually, S&P Global Ratings (S&P) said.
The Orient insurance group's prudent approach to risk selection and focus on profitability over top-line growth will sustain its very strong technical performance over the medium-term as the group navigates challenging market conditions, including high competition, according to AM Best.
A recent industry survey conducted by the Insurance Asset Management Association of China (IAMAC) reveals that 63% of participating institutions plan to increase their allocation to Hong Kong equities in 2025, with most opting to do so via the Stock Connect scheme.
Ant Group has reduced its holdings in ZhongAn Online P&C Insurance, lowering its stake in the company's H-shares to 7.63%, according to a disclosure filed with the Hong Kong Stock Exchange on June 24. The transaction involved the sale of over 33m shares and marks Ant Group's second reduction in ZhongAn holdings since its initial investment 12 years ago.
A revision in the Chinese medical insurance law to improve the nation's basic healthcare system is likely to happen soon according to a news item posted on the website of The National People's Congress of the People's Republic of China.
A new survey has revealed that while overall perceptions of financial security in Asia have slightly improved, the reality is more sobering - particularly for GenZ, who emerge as the least financially secure and resilient generation surveyed.
Algeria's insurance market registered a 14% increase in the first quarter of the year compared to 1Q2024, dominated by the general insurance business.
S&P Global Ratings (S&P) has raised its long-term issuer credit and insurer financial strength ratings on Gulf Insurance Group (GIG) and Gulf Insurance and Reinsurance Co to 'A+' from 'A'. The outlook on all ratings is 'Stable'.
Fitch ratings expects the Korean insurance sector's credit fundamentals to remain sound in 2025, as a steady generation of new business contractual service margin (CSM) will continue to support their capitalisation.