The overall turnover of the six Tunisian (re)insurers listed on the Tunis bourse amounted to TND835.16m ($270.87m) in the first half of 2024, an increase of 10.3% compared to the corresponding half in 2023.
Singapore's life insurance industry achieved a total of S$2.86bn ($2.16bn) in weighted new business premiums for 1H2024, an increase of 30.4% compared to the corresponding period a year ago, announced the Life Insurance Association, Singapore (LIA Singapore).
Giant life insurer, Dai-ichi Life, demonstrated a mixed financial performance in the first quarter of the current fiscal year which started on 1 April 2024 (FY24). The company faced a decline in premium income but saw improvements in other areas, including investment income and core profit, says CreditSights, a FitchSolutions company.
Thailand's life insurance industry is set to grow at a compound annual growth rate (CAGR) of 4.4% from THB660.4bn ($19.2bn) in 2024 to THB781.7bn in 2028, in terms of gross written premiums (GWP), forecasts and analytics company, GlobalData.
The operating performance of Malayan Insurance, one of the top three non-life insurers in the Philippines in terms of GWP and net income, is viewed as adequate, said AM Best.
Hannover Re, one of the world's biggest reinsurers, increased its Group net income by 21% to EUR1.2bn ($1.3bn) in the first half-year and confirmed its full-year guidance for 2024.
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced a strategic restructuring of its UK motor business.
Takaful International Company has announced shareholders' net profit of BHD555K ($1.47m) for the six months ended 30 June 2024, an increase of 30% from the corresponding period in 2023.
QBE Insurance Group has reported a net profit after income tax of $802m for the half year ended 30 June 2024, compared with $400m for the prior period.
Shin Kong Life Insurance (SKL) posted a net profit of NT$14.8bn ($456m) in 1H2024, on stronger returns from equity investments and lower hedging costs driven by its strategy to sell profitable foreign-currency policies, notes Fitch Ratings