Driven by increased demand for motor insurance and higher takaful contributions, Brunei Darussalam's insurance sector has reported slight optimism for April 2025, according to the Business Sentiment Index (BSI), published by the regulator, Brunei Darussalam Central Bank.
The performance of Uganda's insurance industry is expected to improve this year due to factors such as the expected take-off of takaful.
Damaan Islamic Insurance Company (Beema) has shown strong operating performance, consistently reporting robust technical performance, notes AM Best.
The Egyptian insurance sector's GWP reached EPG30.4bn ($611m) in the first quarter of 2025, up from EGP22bn in the corresponding quarter in 2024, a growth of 37.7%, revealed the Financial Regulatory Authority's (FRA's) latest monthly report.
The Securities and Exchange Commission of Pakistan, the country's insurance regulator, has issued a consultation paper proposing measures to promote shariah-compliant intermediaries in the capital market.
Profitability in the Islamic general insurance branch varied across regions, with some markets facing rising claims pressures in 2024, the Islamic Financial Services Board (IFSB) said.
The Islamic insurance sector demonstrated sustained growth momentum in 2024, significantly outpacing the broader insurance industry, according to the "Islamic Financial Services Industry Stability Report 2025" published by the Islamic Financial Services Board (IFSB).
The absence of rains coupled with rising premium rates has led to insurance revenue growing by 21% in the first three months of 2025 in the UAE, reaching AED11.9bn ($3.2bn) versus AED9.8bn in the corresponding period last year, says Badri Management Consultancy, an international actuarial and risk consulting company.
Rising costs, increased climate-related claims, and aggressive pricing strategies are putting pressure on margins across the industry, says Badri Management Consultancy, an international company specialising in actuarial and management consulting services.
Neova Katilim Sigorta maintained its leadership in the participation insurance (takaful) market with a contribution volume of TRY6.6bn ($170.8m), representing a 41.2% market share, in the first quarter of this year, according to data released by the Insurance Association of Türkiye (TSB).