Dubai National Insurance & Reinsurance's (DNI) cross-cycle operating performance is expected to remain strong, supported by its stringent underwriting and prudent risk selection, said AM Best.
State-owned Mongolian National Reinsurance (Mongolian Re) has projected that it would gradually manage down the management expense ratio by expanding its premium scale and improving its operating efficiency over the short to intermediate term, noted AM Best.
Continental Reinsurance (CRe) has taken steps to improve its capital management capabilities and is targeting more moderate growth over the medium term, notes AM Best.
Zheshang Property and Casualty Insurance Company (Zheshang Insurance) turned profitable in 2023, and earnings continued to expand in the first nine months of this year (9M2024) on better underwriting performance, notes Fitch Ratings.
The Australian general insurance industry is expected to see another strong year in FY2025, with top line continuing to grow along with a stable loss ratio, according to a report by Finity, a general insurance actuarial provider.
The Saudi insurance market continues to grow strongly in the first nine months of 2024 (9M2024), but performance remains mixed by lines of business, notes Badri Management Consultancy which specialises in actuarial services.
The premium income of life insurance companies in China declined in the single month of October, which was the first monthly negative growth in 2024 to date, according to data from the National Financial Regulatory Administration (NFRA).
Fukoku Mutual Life Insurance Company (Fukoku Life) maintains a strong capital position, with the corporate principle, "Not the biggest, but the best", continuing to emphasise the strengthening of its capital base and financial soundness, says CreditSights, the credit research unit of Fitch Group.
Global credit rating agency AM Best has assigned a Financial Strength Rating of 'A-' (Excellent) and a Long-Term Issuer Credit Rating of 'a-' (Excellent) to Santam Limited, South Africa's biggest general insurer. The outlook assigned to these credit ratings is 'Stable'.
Non-life insurance companies are considering joint reinsurance to share business with reinsurers as the Bank of Korea lowered interest rates for the second consecutive month in November 2024.