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Saudi Re reports 32% jump in net profit on the back of 73% revenue growth in 1Q2026

Saudi Reinsurance Company (Saudi Re) has reported a net profit after zakat of SAR46.7m ($12.5m) in the first quarter of 2026, representing a 32% increase compared to SAR35.4m in the corresponding period of 2025, according to a statement released by...


ME conflict: QIC reports 6% net profit growth in 1Q2026 despite Iran war

Qatar Insurance (QIC), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, has reported a net profit of QAR217m ($59.6m) for the first quarter of 2026, an increase of 6% from QAR205m for the corresponding quarter in 2025.

ME conflict: Organisations should work to boost preparedness

The Iran-US ceasefire presents a critical opportunity for organisations to recalibrate plans and revisit processes in case the fragile peace is broken and conflict resumes in the Middle East, according to the Middle East Construction Risk Management Risk Briefings.

Other News

Africa

  • Ethiopia: Insurers urged to embrace digitalisation or risk losing customers

Asia

  • Conflict monitor: India should proactively consider establishing a Ministry of Risk Management
  • Hong Kong: Post-pandemic private health insurance expenditure surged by over 60%
  • India: Workplace injury insurance claims rise 31% in 2025-26, indicating faster digital adoption

China

  • Life insurance sector expands at more than twice the pace of non-life business in 1Q2026
  • Top 5 listed insurance groups see net profit drop by 17% in 1Q2026
  • AI agents help Ping An secure sales of around US$4.5bn in 1Q2026
Subscribe eChina

Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

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