Five major A-share insurance companies in China have posted a combined premium income of CNY1.46tn ($200.75bn) for the first five months of this year, a year-on-year increase of 2.19%, according to statements filed with the stock exchange.
Global credit rating agency Fitch Ratings expects Japanese non-life insurance's overseas business and investment profit from the continuous sales of strategic shareholdings to offset weak earnings contribution from domestic underwriting, especially in motor and property insurance, in the financial year ending March 2025 (FYE25).
Fubon Life Insurance's financial performance is strong, with its return on equity averaging 14% from 2021 to 2023, sustained by stable mortality and morbidity gains, says Fitch Ratings.
South Korea's Kyobo Life Insurance, one of the three biggest life insurers in the country, has announced that its 'A1' (Stable) insurance financial strength rating has been affirmed again by Moody's Ratings, one of the world's top three credit rating agencies.
The Thailand general insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 4.5% over 2024-28, from THB310.9bn ($9bn) in 2024 to THB370.8bn in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company.
Bangkok-based Asian Reinsurance Corporation (Asian Re) has released its financial results for 2023 for which net profits jumped by 76% to $3.21m, compared to 2022, according to a statement released by the reinsurer.
The non-life insurance sector posted an increase of 8.97% in premiums in 2023 compared to 2022, according to updated data from the Association of Insurance Companies of Cameroon (ASAC). Non-life insurance represents 67.42% of the overall turnover of the industry in 2023.
Orient Insurance has a track record of very strong operating profitability, notes AM Best, adding that in 2023 (under IFRS 17) the insurer generated a return-on-equity ratio of 15.5% and a net-net non-life combined ratio of 85.8% (both as calculated by AM Best).
Sabanci Ageas Health Insurance has changed its name to Medisa Sigorta and increased its issued capital by TRY400m ($12.22m).
Taiping Science and Technology Insurance Co (Taiping Technology) is seeing its first change of shareholders after six years of establishment during which it has been making losses.