The Financial Regulatory Authority (FRA) hopes to double penetration in the next four years, as part of the its drive to increase financial inclusiveness, according to Mr Hesham Ramadan, assistant to the FRA chairman.
Gulf Insurance Group (GIG), one of the MENA region's biggest insurance groups, has announced a net profit of KWD15m ($48.9m) for the first half of 2022, an increase of 27% over the corresponding half of last year.
AIA Malaysia has partnered with ThoughtFull, a digital mental health platform based in Southeast Asia, to provide the insurer's corporate customers with end-to-end mental health support as part of its corporate solutions portfolio.
The Australian Prudential Regulation Authority (APRA) has said that despite the impacts of significant weather-related events, the Australian general insurance industry remains well capitalised.
The Thai Life Assurance Association (TLAA) has revealed that the total premium received in the first half of this year stood at THB289.1bn ($8.1bn), falling by 1.94% compared to the corresponding half in 2021.
Nepali life insurance companies collected premiums totalling NPR138.64bn ($1.09bn) in the fiscal year ended 15 July 2022 (FY22), according to the insurance regulator Beema Samiti.
The insurance market in Egypt saw total premiums climb by 13.1% to EGP27.8bn in the first half of this year compared to about EGP24.5bn in the corresponding half of last year, according to statistics from the Egyptian Financial Regulatory Authority.
Doha Insurance Group has seen its gross written premium (GWP) climbing by 49% to QAR859m ($236m) and net profit jumping 48% to QAR60mn in the first half of the year, driven mainly by growth in sales, claims control and diversification in underwriting.
Insurance companies in Cameroon recorded an increase in turnover of CFAF46.7bn ($73.1m) between 2015 and 2021, according to data from the Association of Insurance Companies of Cameroon (ASAC).
Japanese insurer Dai-ichi Life Holdings has acquired New Zealand firm Partners Life as a wholly owned subsidiary.