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Financial Performance tag returned 1134 results

  • Motor underwriting profit continues to decline in 1Q

    Motor underwriting profit for the first quarter of this year plunged by 72% to CNY2.63bn ($407m), due to comprehensive auto insurance reforms launched last September.

    China | 07 May 2021
  • Sino-Korean life venture turns first profit after 8 years

    Sino-Korea Life Insurance, a joint venture, has reported net profits last year, its eighth year of establishment, according to the company's annual report for 2020.

    China | 07 May 2021
  • BOC Samsung Life's net profits jump by a quarter in 2020

    Beijing-headquartered BOC Samsung Life Insurance has announced net profits of CNY67.15m for the 2020 financial year, 23% higher than in 2019 despite the ravages of the COVID-19 pandemic faced last year, according to the insurer's 2020 annual report.

    China | 07 May 2021
  • Philippines: Nat Re earns US$2.5m in net profit in 2020

    The National Reinsurance Corporation of the Philippines (Nat Re), the country's national reinsurer, has announced that it earned PHP120m ($2.5m) in net income in 2020, down 24% from PHP157m in 2019, as stronger underwriting results were weighed down by lower investment income.

    Asia | 07 May 2021
  • Rising physical climate risks to test limits of diversification

    Increasing frequency and severity of extreme environmental conditions will test the limits of risk diversification over the coming decade according to a new report by Fitch Ratings.

    Asia Risk | 05 May 2021
  • Pandemic driving new supply chain risks

    COVID-19 will create fresh supply-chain risks for businesses in 2021 after disrupting the global flow of operations when the pandemic broke in 2020 according to business standards group The British Standards Institution (BSI).

    Asia Risk | 05 May 2021
  • Global commercial insurance pricing up 18%

    Global commercial insurance prices increased by 18% in the first quarter of 2021 according to the Global Insurance Market Index released by Marsh.

    AIRPlus | 05 May 2021
  • Philippines: Insurance industry's net income falls 8.6% in 2020 to US$858m

    The Philippine insurance industry posted an 8.6% fall in net income to PHP41.24bn ($858m) last year, compared to PHP45.12bn in 2019, due to the impact of the COVID-19 pandemic, according to the 2020 Industry Performance report released by the Insurance Commission.

    Asia | 05 May 2021
  • Saudi Arabia: Moody's upgrades Walaa's outlook to 'Stable'

    Moody's Investors Service has affirmed the A3 insurance financial strength rating (IFSR) of Walaa Cooperative Insurance and changed the outlook to 'Stable' from 'Negative'.

    Middle East | 03 May 2021
  • India: Health insurers' underwriting results lag behind growth of business

    While India's health insurance industry continues to be among the key drivers of the country's non-life insurance growth, insurers' underwriting results have not kept up with the expansion of the health business, which could lead to potential strain on companies' profit and solvency in the longer term, according to a new AM Best report.

    Asia | 03 May 2021