Kuwait Reinsurance has reported a net profit of KWD3.87m ($12.74m) for first nine months of this year (YTD 3Q2019), an increase of 30% as compared to KWD2.97m for the corresponding period last year. The increase was mainly contributed by increases...
The aggregate net profit of 33 companies operating in the life insurance segment in Lebanon reached $118.2m in 2018, constituting an increase of 7.4% from $110.1m in 2017, reported the Economic Research & Analysis Department of Byblos Bank citing data released by the Insurance Control Commission.
Demand for compulsory earthquake insurance has increased rapidly after the magnitude 4.6 and 5.8 earthquakes in Istanbul on 24 September and 26 September.