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Financial Performance tag returned 1881 results

  • Turkiye: Traffic insurance losses mount in first 9 months

    The Insurance Association of Turkiye has announced that the insurance sector posted total profits of TRY6.115bn ($328.2m) in the third quarter of the year.

    Middle East | 05 Dec 2022
  • Marine insurers enjoy another positive year of growth

    Global marine insurance premiums in 2021 reached $33bn, up 6.4% on 2020, according to the International Union of Marine Insurers' (IUMI) latest stats report. Premiums have been lifted by increased global trade volumes, a stronger US dollar, increased offshore activity, higher vessel values and a reaction to deteriorating results in previous years. Insurers in Europe and Asia, in particular, saw premium growth.

    AIRPlus | 05 Dec 2022
  • Hong Kong: Moody's upgrades FWD Limited's ratings

    Moody's Investors Service has upgraded the issuer rating and senior unsecured debt rating of pan-Asia insurer FWD Limited to 'Baa2' from 'Baa3', as well as the rating of the company's subordinated perpetual capital securities to 'Ba1(hyb)' from 'Ba2(hyb)'. Moody's has also changed the outlook on FWD Limited to 'Stable' from 'Positive'.

    Asia | 05 Dec 2022
  • South Korea: Meritz Fire & Marine's credit ratings upgraded on strong profitability

    Meritz Fire & Marine Insurance has posted strong profitability in recent years, supported by consistently superior investment performance and improved underwriting performance, notes AM Best.

    Asia | 05 Dec 2022
  • Mainland Chinese new life business in HK continues to recover

    New life business premiums derived from mainland China visitors to Hong Kong were HK$1bn [$128.5m] (increased by 110.9%) for the first nine months of this year, according to statistics released by the Hong Kong Insurance Authority.

    China | 02 Dec 2022
  • Indonesia: Reinsurer aims to limit exposure to credit business

    Tugu Reasuransi Indonesia's (Tugure) aims to improve underwriting performance by limiting its exposure to credit insurance through curtailing the claim ratio, says Fitch Ratings Indonesia.

    Asia | 02 Dec 2022
  • Japan: Insurers' underwriting fundamentals expected to recover in 2023

    Japanese insurers' underwriting fundamentals are likely to recover during 2023, as the negative effects from the COVID-19 pandemic subside, Fitch Ratings says.

    Asia | 02 Dec 2022
  • UAE: Al-Ain Ahlia to maintain market position on rebuilding premium base in new mandatory lines

    Al-Ain Ahlia Insurance (AAAI) benefits from a strong market position and brand in Abu Dhabi, supported by its affiliation with the government, recognised technical underwriting expertise in commercial lines and long-standing partnerships with leading reinsurers, notes Moody's Investors Service.

    Middle East | 01 Dec 2022
  • Hong Kong sees drop in total gross premiums for first three quarters of 2022

    The Insurance Authority (IA) released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2022, showing a decrease of total gross premiums by 5.1% to HK$432.7bn ($55.4bn) over the corresponding period in 2021.

    AIRPlus | 01 Dec 2022
  • Singapore: General insurance industry to reach $6.6bn by 2026

    The general insurance industry in Singapore is set to grow at a CAGR of 7.2% from S$4.7bn ($3.5bn) in 2021 to S$6.6bn ($5.1bn) in 2026, in terms GWP according to an analysis by the data and analytics company GlobalData.

    AIRPlus | 01 Dec 2022


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