The impact of intense price competition in medical and certain motor segments are now coming through in the Saudi insurance market, says Badri Management Consultancy, an international company specialising in actuarial and management consulting services.
Vietnam National Reinsurance Corporation (VINARE) has posted a strong operating performance, supported by its five-year average return-on-equity ratio of 10.6% (2020-2024), notes AM Best.
The overseas businesses of South Korea's domestic insurance companies turned a profit in 2024. Their combined net income turned around by $173.4m from a loss of $14.3m in 2023 to $159.1m, according to a statement released by the Financial Supervisory Service (FSS).
Saudi Reinsurance has posted net profits after zakat attributable to shareholders of SAR35.4m in the first quarter of this year, 11.4% higher than in the corresponding quarter of 2023.
The Turkish insurance industry is expected to reach a size of $30bn this year, according to the president of the Insurance Association of Türkiye (TSB), Ugur Gulen.
Gulf Union Alahlia Cooperative Insurance Company (Gulf Union) is expected to maintain combined ratios in the mid to high 90s in 2025 due to its underwriting and pricing discipline, says Fitch Ratings.
Reducing state government taxes in Australia is perhaps the best and fastest way to bring relief for the insurance customers who are burdened by higher insurance premium in the aftermath of rising natural disasters according to QBE chairman Mike Wilkins.
The Saudi insurance sector is projected to maintain a positive and strong growth trajectory in 2025, with top-line revenue growth forecast to fall in the double-digit zone, says the Insurance Authority (IA).
Recently, the Q1 2025 financial reports for China's top five listed insurance companies have been released. China Life, Ping An, PICC, CPIC, and New China Life reported a combined net profit of CNY84.18bn ($11.62bn), a year-on-year increase of 1.4%, with a daily profit of CNY935m. The quarter saw a clear divergence in performance, with a 'three up, two down' pattern.
The National Financial Regulatory Administration (NFRA) has recently released the latest figures for the insurance industry's performance in March 2025. In the first quarter, the industry's gross insurance claims expenditure totalled CNY827.4bn ($113.85bn), marking a year-on-year increase of 12.54%.