Reinsurers in sub-Saharan Africa (SSA) have reported another year of robust underwriting results, maintaining rate adequacy amid moderating market conditions according to a new AM Best report.
Gulf Insurance Group-Jordan (GIG Jordan), the biggest insurer in the Hashemite Kingdom, has a record of underwriting profitability and in 2025, achieved a net-net combined ratio of 91.4% (2024: 88.0%), notes AM Best.
Korean life insurers' aggregate K-ICS ratio was broadly stable quarter on quarter at end-June 2026, with the post-transitional ratio declining 0.7 percentage points to 206.8%. This is according to estimates by CreditSights, which added that the underlying ratio rose 2.5 percentage points to 193.0%. The report noted wide differences among insurers, with post-transition ratios ranging from 138.3% at Hana Life to 396.4% at NongHyup Life.
Statistics show that among the 54 property and casualty insurers that have disclosed comprehensive claims ratios for the first half of 2026, the median ratio was 39.32%, down from approximately 43% in the corresponding period of 2025. Among 73 life insurers, the median stood at 36.19%, also below the roughly 42% recorded a year earlier. Both medians have fallen below 40%, leaving a significant gap from the range of 50% to 80% regarded as reasonable in the industry.
China's domestic property & casualty insurance sector has seen significant tranformation, particularly with the focus turning increasingly to profitability.
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
Barbados-based reinsurer Active Capital Reinsurance (Active Re) has announced AM Best's affirmation of its Financial Strength Rating (FSR) of 'A' (Excellent) and its Long-Term Issuer Credit Rating (Long-Term ICR) of 'a' (Excellent). The outlook for these ratings is stable.
Australia's first comprehensive Resilience Index has revealed that insurance coverage is the key driver of overall resilience. However, over 20% of Australians still face significant vulnerability driven by financial insecurity.
First Takaful Insurance Company (FTIC) is assessed as having marginal operating performance, reflecting the insurer's weak, albeit improving, overall profitability, indicates AM Best.
Abu Dhabi National Insurance Company (ADNIC) has a track record of strong operating performance, evidenced by a three-year (2023-2025) weighted return-on-equity of 13.4%, notes AM Best.