?The insurance market has registered a remarkable growth rate in the first quarter of the year, which is a promising sign for the market, said the insurance regulator, Iraq Insurance Diwan (IID).
Kuwait Reinsurance Company (Kuwait Re) has sustained improvement in its operating performance in recent years, evidenced by a return-on-equity ratio that increased steadily to 16.5% in 2024 from 9.5% in 2020, says AM Best.
The Financial Supervisory Commission (FSC) of Taiwan will implement International Financial Reporting Standard 17 (IFRS17) "Insurance Contracts" in 2026, which will significantly change the presentation of accounting items in financial reports.
The Thai insurance regulator, the Office of the Insurance Commission (OIC) has instructed KWI Insurance to accelerate the increase of its paid-up capital to not less than THB30m by the end of July 2025.
Competition, innovation and efficient management of insurance-specific risks are the main drivers of the financial performance of insurance companies in Nigeria, according to a study on whether competition is a significant driver of the financial performance of insurance companies in Nigeria.
A new market study by Utmost group has revealed that there was a 6% growth in HNW international life insurance new business sales in 2024 in Asia.
Price competition remained intense in the Saudi Arabian medical and motor insurance markets throughout 2024, says Fitch Ratings. However, the global credit rating agency expects The Company for Cooperative Insurance's (Tawuniya) underwriting discipline and scale benefits to help maintain the insurer's very strong financial performance over the medium term.
Turkish non-life insurers should benefit from improved operating conditions and stronger pricing in 2025, Fitch Ratings says in a report titled "Turkish Non-Life Insurance: Gradual Steps to Market Stabilisation".
In India the Goods and Services Tax (GST) Council is likely to consider reducing or removing the 18% GST on life and health insurance premiums.
Rising global temperatures pose an increasing risk to the resilience of well over half of the world's top 100 data centre hubs, according to a new research by the risk intelligence company Verisk Maplecroft.