Insurance pricing will continue to increase across most business lines globally this year as carriers look to mitigate poor underwriting performance and the uncertainty brought on by the COVID-19 crisis.
Insurance market growth in Qatar in 2020 was fuelled by rate increases for large medical accounts and higher reinsurance rates, resulting in GWP growth of about 5%, according to Mr Emir Mujkic, director - lead analyst, Insurance Ratings at ?S&P in the report "GCC Insurers In 2021-- Robust Capital Supports Credit Quality".
The Council of Cooperative Health Insurance (CHIC) in Saudi Arabia yesterday announced that small and medium-sized health insurance companies when merged would be exempted from paying qualification and supervision fees for a maximum period of three years, according to specific conditions and requirements.
The India Protection Quotient (IPQ) 3.0 survey has revealed that 57% of urban India's salaried professionals feel that the group term life (GTL) insurance cover provided by their employer is sufficient.
FWD Group ("FWD") announced that it has completed its investment in a significant minority stake in PT Asuransi BRI Life ("BRI Life"), the life insurance arm of PT Bank Rakyat Indonesia (Persero) Tbk ("BRI"). As part of this investment, BRI Life has entered into a long-term life insurance distribution agreement with BRI.
Total insurance premiums in Jordan fell by 3.5% last year to JOD594m ($838m), compared to JOD615.3mi for 2019, according to official data issued by the Insurance Department of the Ministry of Industry, Trade and Supply.
Major US insurance companies still have nearly $90bn invested in coal, which is the single biggest contributor to anthropogenic climate change according to a new research report released by Rainforest Action Network in February 2021.
Sitting on the judging panel of the 6th Asia Trusted Life Agents & Advisers Awards is Jude Gomes, CEO of Union Assurance.
Private health insurers are granting discounts on renewed policies of 80-100%, along with a host of other rewards and benefits, in a bid to motivate policyholders to adopt healthy and active lifestyles.
The aggregate profits of 23 insurance companies operating in the local market surged by 38% to JOD26.7m ($37.7m) last year compared to 2019, according to a study by Sanabel Al-Khair Financial Investments.