The Kuwaiti insurance market reported total premiums of KWD629.9m ($2.96bn) for the financial year ended 31 December 2022, according to industry data.
The motor insurance market in the UAE saw a fall in profitability in 2022 due to higher loss and commission ratios, note the international independent risk management, benefits and technology company Milliman in a report released earlier this month.
The Egyptian insurance sector collected premiums totalling EGP56.8bn ($1.84bn at current exchange rates) for the full year of 2022, according to data released by the Financial Regulatory Authority (FRA). This represents growth of 15.9% over 2021.
According to a survey by Manulife, the vast majority of respondents (92%) said they are willing to spend more to prolong their health span. Investing in exercise and healthier diet are the main ways people seek to improve their health. Furthermore, with mental health issues on the rise, mindfulness activities, such as yoga and brain training, are also popular ways of self-help.
Hongkongers live longer than most people, but they think that their early-to-mid 60s will be dogged by poor health according to Manulife Asia Care Survey 2023.
Over 90% of women in India participating in an insurance survey feel that women-specific health insurance plans are highly relevant. Around 65% of women opt for women specific health insurance plans according to the survey conducted by the general insurer ICICI Lombard GIC
Demand for insurance in Vietnam is expected to continue to grow in 2023 because of higher awareness and the growth momentum in the economy. The GDP is expected to grow by 6.5%.
Hongkongers expect their later years to be dogged by poor health, a period many think will start when they enter their early-to-mid sixties, according to the Manulife Asia Care Survey 2023. These findings show there is a compelling need for people in Hong Kong to have a savings plan in place to help with the medical costs in later life.
Tunis-headquartered Assurances Maghrebia, a private insurance and reinsurance company in Tunisia, has announced that its net profit increased by 6% to TND23.36m ($7.5m) for the financial year ended 31 December 2022.
The insurance sector saw total written insurance premiums increase to AED47.2bn ($12.8bn) in 2022, 6.5% higher than the AED44.3bn recorded in 2021, according to statistics released by the Central Bank of the UAE (CBUAE).