Qatar General Insurance & Reinsurance Company (QGIRCO) has announced a net profit of QAR28.963m ($8m) in 2024 versus net loss QAR1.47bn in the previous year, according to the company's annual financial statement lodged with the Doha Stock Exchange. The earnings per share amounted to QAR0.033 as of 31 December 2024 against loss per share QAR1.675 for the same period in 2023, said the statement noting that the proposal of the Board of Directors is not to distribute dividends.
Gross written premiums for Dhofar Insurance Company (Dhofar Insurance) reached OMR91m ($236.5m) in 2024 compared with OMR73.95m in the previous year, a 23% jump according to the company's preliminary results lodged with the Muscat Stock Exchange.
Data from the Insurance Bureau has revealed that Taiwan's insurance industry earnings in December increased by 248.1% to NT$341.5b ($10.3b), with life insurers contributing 92.4% of the total.
The insurance market has sustained its growth trajectory over the past five years and legislative amendments have contributed to enhancing its contribution to the national economy.
Health insurance's share in the non-life segment is set to surpass other categories put together as the sector continues to expand, reported Times of India.
Ly Hour SBI Insurance board member and chief executive officer Okhna Ly Sopheap said in an interview with Cambonomist, that despite facing a series of global challenges, the Cambodian insurance sector is still able to stand strong and play a significant role in helping to develop the economy.
In a recent report by Gulf Business, Zurich International Life Middle East CEO Mufazzal Kajiji, discussed the rapid evolution of the Middle East insurance sector and its promising future. Mr Kajiji highlighted the crucial role of customer centricity, digital transformation and regulatory advancements in shaping the trajectory of the industry.
Abu Dhabi National Insurance Company (ADNIC), a leading multi-line insurance provider for both corporates and individuals, delivered exceptional results in 2024, achieving its highest-ever total insurance revenue and net profit. This performance is attributable to the company's regional expansion and several ambitious initiatives.
China's auto insurance market has provided remarkable figures in its latest report. The industry has undergone a major transformation since the comprehensive reforms of 2020. With changes in pricing structures, the implementation of unified reporting and execution, industry-wide self-discipline, and stricter regulatory oversight, auto insurance has shifted onto a sustainable growth trajectory.
China's insurance industry maintained strong growth in 2024, with total original insurance premium income reaching approximately CNY5.7tn($798bn), marking an 11.15% year-on-year increase, 2.01 percentage points higher than in 2023. This also marks the third consecutive year of growth in original insurance premium income since the industry's deep transformation.