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Financial Performance tag returned 754 results

  • Singapore: Weighted new business premiums rise by 10% in 1Q2020

    The Life Insurance Association, Singapore (LIA Singapore) recorded a total of S$965.8m ($678m) in weighted new business premiums for 1Q2020, a 10% increase from the same quarter in 2019.

    Asia | 25 May 2020
  • 19 foreign owned life ventures make profits in 2019

    19 out of 22 foreign owned non-life insurers operating in China reported net profits last year, according to data shown in their respective annual reports.

    China | 22 May 2020
  • Allianz JD P & C's premium income increased by 104% in 2019

    Allianz JD showed premium income grew by 104% to CNY2,529m in 2019, which was the general insurer's first full financial year since e-commerce giant JD invested in a 30% stake in the company in 2018 which was previously known as Allianz China General Insurance Company.

    China | 22 May 2020
  • Agricultural insurance likely to become new growth point for P&C sector

    Recent news that Zhongyuan Agricultural Insurance's general manager Jiang Hua has resigned, and moved to Ping An has fuelled speculation that Ping An plans to set up an agricultural insurance company.

    China | 22 May 2020
  • Recession will be short and sharp, APAC to lead economic recovery

    The impact of COVID-19 could potentially cost the global economy up to $12tn in lost output over the next 12-24 months, equivalent to the size of China's economy or 17 times that of Switzerland's, according to Swiss Re Institute (SRI).

    AIRPlus | 21 May 2020
  • China: Premium growth in Jan-Apr 2020 slower than in same period in 2019

    From January to April, the gross premium income of property insurance companies in China stood at CNY477.6bn ($67.2bn), an increase of 6.06% year-on-year. This growth rate was lower by 5.18 percentage points compared to that in the corresponding period last year.

    Asia | 20 May 2020
  • Oman: Reinsurer's 1Q financial performance exceeds expectations

    Oman Re's net profit increased by 153% to reach OMR 298k ($774k) for 1Q2020 compared to OMR118k for 1Q2019, says the reinsurer in a statement.

    Middle East | 14 May 2020
  • Lebanon: Aggregate insurance premiums down by 5% to $1.6bn in 2019

    The overall Lebanese insurance industry saw total life and non-life premiums of $1.63bn in 2019, constituting a decrease of 5% from $1.71bn in the previous year, according to a report in Lebanon This Week published by the Economic Research & Analysis Department of Byblos Bank. In comparison, in 2018, the industry grew by 3.6%.

    Middle East | 14 May 2020
  • No lockdown blues for Indian life insurers

    A report by Kotak Securities has revealed that, despite the COVID-19 lockdown across the country in the month of April, life insurance companies were able to deliver 60% of April 2019 individual annual premium equivalent (APE).

    AIRPlus | 14 May 2020
  • Morocco: Insurance sector sees 13% fall in premiums in March

    Premiums generated by the insurance industry in Morocco reached MAD3.08bn ($314m) in March 2020, down 13% compared to March 2019, according to data published by the Insurance and Social Insurance Supervisory Authority (ACAPS). The industry's performance was affected by the coronavirus pandemic.

    Middle East | 11 May 2020