Union Insurance Company will be reducing its capital by 30.50% to AED230m ($62.63m) from AED330.93m to offset accumulated losses amounting to AED142.75m, the company said in a statement lodged with the Abu Dhabi Securities Exchange.
In India while working men's protection quotient has risen to 50 (from 47 in IPQ 6.0), women's protection quotient score remains at 48 according to the seventh edition (IPQ7.0) of Axis Max Life Insurance's India Protection Quotient (IPQ) study.
FWD Group Holdings' (FWDGHL) bottom line, underpinned by sustained growth through both onshore and offshore channels in Hong Kong and a solid business presence in Thailand, is expected to continue to improve in 2025 according to Fitch Ratings. The group's growth is also expected to benefit from its established bancassurance channel.
Mr Reynaldo A Regalado, Insurance Commissioner of the Philippines, has been elected as the chairman of Asian Reinsurance Corporation (Asian Re).
Kuwait Insurance Company (KIC) has a track record of strong operating performance, demonstrated by a return-on-equity ratio of 7.5% in 2024, with earnings supported by robust underwriting results from non-life and life portfolios over the past five years, says AM Best.
A new round of adjustments to the pricing interest rates for life insurance products is imminent, as insurers prepare to file new product launches and recalibrate distribution strategies in anticipation of a shift in the rate environment.
Ping An Insurance (Group) Company of China Ltd has climbed two places to 27th on Forbes' 2025 Global 2000 list, which ranks the world's largest publicly listed companies based on a composite of revenue, profit, assets, and market value. The Group also moved up to fifth among Chinese companies on the list, while maintaining its position as the country's highest-ranked insurance firm.
The earnings of Societe Tunisienne de Reassurance (Tunis Re) are strong for its rating, underpinned by solid underwriting performance, Fitch Ratings has said.
Inflation has a multifaceted impact on insurers and consumers, QBE Asia CEO Rob Kosova said in an exclusive interview.
Taiwan's domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD278.5bn ($9.2bn), according to a new report by AM Best.