The insurance market in Tunisia managed to score double digit growth in the first three quarters of 2024, according to the General Insurance Authority (CGA).
Moody's Ratings has affirmed Saudi Reinsurance Company's (Saudi Re's) rating at "A3" Insurance Financial Strength Rating (IFSR), with a positive outlook.
Since last year, both insurance companies and intermediaries have been closing branches on a large scale, a trend the industry has dubbed "streamlining and quality enhancement."
The outlook for Sri Lankan non-life insurers' underwriting profitability is optimistic and gradually likely to improve as they enhance their practices and shift focus to more profitable non-motor segments according to a new Fitch Ratings report about the island nation's non-life insurance industry published in January 2025.
Insurance penetration in India experienced a dip for the second successive year in 2023-24 according to Insurance Regulatory and Development Authority of India (IRDAI) annual report for the financial year 2023-24. Industry sources say this is worrying and contrary to the global trend.
Taiwan's insurance sector recorded a total pre-tax profit of $10.89b (TWD351.3b) in November 2024. Life insurance companies' contribution was $10.71b (TWD326.3b) in November 2024 according to the data from the Insurance Bureau.
AM Best has announced that Dubai National Insurance (DNI) has received a stable outlook, with a financial strength rating of A- (excellent) and a long-term issuer credit rating (long-term ICR) of "a-" (excellent).
The insurance market in Egypt achieved notable growth in terms of premium income in the first 10 months of the past year, mainly driven by the rise in property and liability operations.
The insurance sector in Algeria achieves a high turnover in the first 9 months of the preceding year, with international acceptances and takaful showing huge growth.
The UAE insurance sector maintained its growth trajectory in the first three quarters of 2024 as well. According to the Quarterly Economic Review issued by Central Bank of UAE (CBUAE) in December 2024, gross written premiums (GWP) for the insurance sector grew by 20.9% touching AED50.8bn ($13.8bn) as compared with AED42bn written in the first three quarters of 2023.