Fitch Ratings has assigned Walaa Cooperative Insurance's an Insurer Financial Strength (IFS) Rating of 'A-' and National IFS Rating of 'AA+(sau)'. The outlooks are 'Stable'.
In New Zealand keeping insurance accessible is a key consideration as the government reviews the Natural Hazards Commission (NHC) levy amid ongoing cost-of-living pressures for Kiwis.
India's central bank and the banking regulator Reserve Bank of India (RBI) has said that it does not envisage any ban or restrictions on bancassurance. According to a report in the financial daily livemint the RBI governor Mr Sanjay Malhotra has said the regulatory safeguards in this regard should, however, be strengthened.
Orient Insurance, the leading insurance company in the UAE, has announced a sterling set of financial results for the first half of 2025, posting net profit after tax of AED503m ($137m), 21% higher than the AED416m reported for 1H2024. The 1H2025 profit jumped at a faster pace than the 10.2% seen for 1H2024.
S&P Global Ratings (S&P) has highlighted Sukoon Insurance's (Sukoon) ability to continue the execution of its long-term strategy and robust financial performance, following the announcement of a leadership transition with a change in CEO, the insurer said in a media statement.
Life insurers in Thailand maintaining their growth trajectory in the first half of 2025 garnered a premium income of THD326.588b registering an increase of 4.87% over the same period in the previous year 2024.
Direct insurers in Morocco have generated a combined net profit of MAD4.4bn ($485.1m) in 2024, 2.9% higher compared to 2023's MAD4.2bn, according to the latest annual financial stability report released by the kingdom's financial authorities.
The life insurance market in Vietnam showed positive signals in the first half of this year, with total life insurance premium revenue estimated at over VND71.8tn ($2.74bn), representing an increase of 1.9% over the corresponding half of last year, according to preliminary data from the National Statistics Office.
Insurance companies in Taiwan posted a combined pre-tax profit of NT$19.4bn ($648.6m) in the first half of this year, according to data released by the Financial Supervisory Commission (FSC). This was 92% lower than the profit reported for 1H2024, and is attributed to currency losses suffered by life insurers.
Saudi Reinsurance Company (Saudi Re) has announced its financial results for the first half of 2025 with net profit attributable to shareholders reaching SAR88m ($23.5m), marking a 17% increase year-on-year.