Tag Search Result

Show result per page
Page 1 of 246

Financial Performance tag returned 2451 results

  • Continental Reinsurance's earnings boosted by FX gains from holding US$ assets

    Lagos-headquartered Continental Reinsurance's (CRe) adequate operating performance assessment reflects its modest overall profitability and volatile underwriting performance, says AM Best.

    Africa | 11 Dec 2023
  • Pakistan: Direct gross premiums jump by 27% in 2022

    The insurance industry in Pakistan chalked up revenue growth of 27% increase in 2022, with the direct gross underwritten premium amounting to PKR579bn ($2bn), compared to PKR455bn in 2021, according to the 2023 annual report of the Securities & Exchange Commission of Pakistan (SECP).

    Asia | 11 Dec 2023
  • Solidarity Bahrain to continue to show adequate operating results

    Solidarity Bahrain is expected to continue to achieve adequate operating results in the medium term as it continues to grow and integrate Al Hilal Life, while focusing on technical discipline, says AM Best.

    Middle East | 10 Dec 2023
  • Growth of life insurance business continues to slow in October 2023

    The mainland Chinese insurance industry grew by 10.1% in the first 10 months of this year to a cumulative CNY4.52tn ($638bn), according to data released by the National Administration of Financial Regulation (NAFR).

    China | 08 Dec 2023
  • Taikang Group expected to sustain favourable operating results

    Taikang Group's financial performance is considered as 'Very Strong' due to its consistently profitable results and rapid year-on-year growth in new business value (NBV) in life insurance operations in 1H2023 after the lifting of COVID-19-containment measures, says Fitch Ratings.

    China | 08 Dec 2023
  • Asia: Under-penetrated markets will drive sustained growth of region's insurance industry

    Despite potential rate decreases, growth of the insurance industry in Asia is expected to be sustained in 2024, driven by rising demand in underpenetrated insurance markets such as China, Southeast Asia, and India, says CreditSights, a research unit of Fitch Solutions.

    Asia | 08 Dec 2023
  • Mongolian Re expects expense ratio to fall with premium growth

    Mongolian National Reinsurance (Mongolian Re) projects that it would reduce its expense ratio gradually while expanding its premium scale and improving its operating efficiency over the short to intermediate term, according to AM Best.

    Asia | 08 Dec 2023
  • Taiwan: Regulator's interest-rate risk adjustments to ease negative-spread pressure on life insurers

    The Taiwanese regulator's latest adjustments and transitional measures for interest-rate risk will ease the negative spread pressure on life insurers and help them to manage asset-liability duration gaps under the localised Insurance Capital Standards (TW-ICS) and IFRS 17, Fitch Ratings says.

    Asia | 07 Dec 2023
  • Latest report highlights impact of inflation on ASEAN insurers

    The surge in inflation influenced much of 2022, resulting in a tightening of monetary policy - and in turn - capital market volatility and a depreciation of currencies in some emerging markets, according to a recent report by Malaysian Re.

    AIRPlus | 06 Dec 2023
  • Malaysian Re focusses on growing overseas business

    Malaysian Reinsurance remains focused on gradually expanding its overseas business while reducing dependence on local business for growth, says Fitch Ratings. The share of overseas business grew to 52% of gross premiums in the financial year ended 31 March 2023 [FY2023] (FY2022: 48%), overtaking the domestic share for the first time.

    Asia | 06 Dec 2023

    Follow Asia Insurance Review