M-KOPA Kenya, a local subsidiary of the emerging markets FinTech M-KOPA, and Nairobi-headquartered Turaco Insurance Agency, have provided Hospital Cash insurance to over 1m Kenyans in just one year.
Gross written premiums in the UAE insurance sector rose by 21.4% in 2024 to AED64.8bn ($17.6bn), according to the Central Bank of the UAE (CBUAE).
Union Insurance Company has reported strong financial results for 2024. The company's net financial results improved sharply to net profits of AED38.3m ($10.4bn) in 2024 from a net loss of AED2.5m in 2023.
Gross written premiums generated in the insurance market in Egypt reached EGP11.7bn ($232.6m) in January, up from EGP8.4bn achieved in the same month in 2024, according to the Financial Regulatory Authority in its latest monthly publication.
As earnings season kicks off, Ping An takes the lead by releasing the first annual report among A-share (stocks listed on mainland China exchanges) listed insurance companies.
Recently, AIA Group Limited announced its full-year 2024 results. Its wholly owned subsidiary in mainland China, AIA Life Insurance (AIA Life), achieved a 20% increase in new business value and a 10% growth in annualized new premiums.
Recently, China Life revealed its top 10 insurance claims for 2024.
These are the highlights for all events and updates across the industry this week.
Prudential has announced its plan to establish a joint venture with Vama Sundari Investments (Delhi), a HCL Group's Promoter Company, to operate a standalone Indian health insurance business.
Five times as many Australians are dying from COVID-19 than influenza five years after the outbreak of the global pandemic, research published by the Actuaries Institute shows.