MNRB Holdings has reported a 36.93% increase in its third quarter net profit which amounts to MYR115.86m ($25.90m) registering a surge from MYR84.61m a year earlier. The company has achieved this milestone on the back of a MYR136.7m jump in the group's insurance service earnings.
China's medical insurance fund achieved a balanced budget in 2024. In fact, it also achieved slight surplus, which will ensure the safety and sustainability of the fund.
The Financial Regulatory Authority (FRA) issues a decision to increase the minimum capital of insurance companies to enhance financial solvency and as part of the implementation of the Unified Insurance Law. Insurance companies are required to increase their capital to EGP600m ($11.9m) within two years.
Global sukuk volumes will likely cross $1tn outstanding in 2025 according to Fitch Ratings. Sukuk will also remain a major part of the debt capital markets in a number of Organisation of Islamic Cooperation (OIC) countries.
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.