The Algerian insurance market has posted total premium volume of DZD56.9bn ($439m) in 1Q2025, 13.3% higher than in the corresponding quarter in 2024, including international acceptances and retakaful, the National Insurance Council (CNA) indicated in its latest economic report.
Sun Life Malaysia, made up of Sun Life Malaysia Assurance and Sun Life Malaysia Takaful, has announced the appointment of that Mr Ho Teck Seng as president and country head of Sun Life Malaysia and CEO of Sun Life Malaysia Assurance.
Algeria's insurance market registered a 14% increase in the first quarter of the year compared to 1Q2024, dominated by the general insurance business.
Uganda is ready to adopt the Islamic insurance model, according to Dr Twaha Ahmed Kasule, a senior lecturer at the Islamic University In Uganda (IUIU).
AmMetLife Takaful announced that Mr Nazrulhisham Abdul Hamid has been appointed CEO.
Pru Life UK has launched PRUTerm Lindungi, its first life protection plan in the Philippines that is compliant with Islamic laws.
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.