The Central Reinsurance Company (CCR) has posted net profits of $56.28m, an increase of 21.8% compared to the $46.22m chalked up in 2023.
The Saudi Arabian insurance industry's profits (after-zakat & tax) dropped by 28% in the first three months of 2025 to SAR0.6bn ($160m) in 1Q2025 from SAR0.9bn in 1Q2024, Badri Management Consultancy, an international actuarial consulting company, has said.
General Insurance Association of Japan (GIAJ) chairman Mr Hiroaki Shirota has cited several measures that the trade body has taken over the past year or will be taking to improve the industry's operating environment.
The Financial Supervisory Commission (FSC) of Taiwan has decided on several interim measures to mitigate the impact of exchange fluctuations in the financial and capital markets caused by changes in the international financial situation.
The Australian Prudential Regulation Authority (APRA) has proposed to allow reduced capital requirements for annuity products in return for enhanced risk management by life insurers, including closer matching of assets and liabilities.
Singapore Reinsurance Corporation (Sing Re) has secured the reinsurance branch licence by the International Financial Services Centres Authority (IFSCA) to operate as an IFSC Insurance Office (IIO) in India's Gujarat International Finance Tec-City (GIFT City).
Prescribed interest rates for life insurance policies are expected to be lowered in the third quarter of this year, as bank interest rates continued to fall. The prescribed interest rate for standard life insurance plans may be reduced from the current 2.5% to 2.0%, while interest rate adjustments for participating insurance may vary.
Online insurer Tk.cn Insurance is expected to produce stable yields from investments to consistently underpin the company's overall profitability, offsetting the volatility from underwriting activity, says Fitch Ratings.
The Motor Trades Association of Australia (MTAA) has expressed deep disappointment at the decision by the Australian Competition and Consumer Commission (ACCC) to approve Insurance Australia Group's (IAG) acquisition of RACQ's insurance operations.
Intensifying geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving demand for protection and these in turn are giving a boost to credit and political risk insurance according to a new report.