The Philippine Health Insurance Corporation (PhilHealth) continues to be in sound financial position despite being given zero subsidies for 2025.
The outlook for credit fundamentals for sovereigns in the Middle East and North Africa (MENA) remains stable, said Moody's Ratings in a new report.
For the year end 2024, insurance service results for the listed insurers in Oman experienced a 46% decrease, from OMR24.7m ($64.4m) to OMR13.4m ($34.9m), said Badri Management Consultancy.
On 10 January, China Life announced that its cumulative original premium income for 2024 reached approximately CNY671.7bn ($94.04bn), representing a 4.7% year-on-year increase.
Some of the targets set for the country's insurance industry by the Vietnamese government may have to be worked down or may need to be adjusted as it is difficult to meet these targets.
India's insurance market is expected to lead the G20 nations in premium growth at an average rate of 7.3% annually between 2025 and 2029. A new India market outlook report published by global reinsurer Swiss Re released in January 2025 says India is emerging as a global economic powerhouse, supported by robust domestic consumption, private investment and progressive reforms.
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.