The general insurance and takaful sector's operating profits were broadly sustained at MYR1.9bn in the first half of 2025, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Gulf Insurance Group-Jordan (GIG Jordan) has reported a notable increase in net profit and insurance revenue in the first three quarters of the year (3Q2025), the company said in a media release.
Profitability in the Saudi insurance market has been volatile over time, with competitive pressures driving frequent changes in the pricing cycle, said Moody's Ratings.
ZhongAn Insurance has completed its first overseas NEV insurance transaction, marking a strategic breakthrough for the company's international business. The milestone comes as China's NEV exports continue to surge and the industry's globalisation enters a deeper phase.
These are the highlights for events and updates across the insurance industry this week.
South Africa's economy and large life insurance sector have an outlook of steady growth and improving resilience, supported by reforms that remove some of the constraints on key sectors such as transportation and pensions, according to a Swiss Re Institute (SRI) report.
Gross written premiums for the insurance market in Iraq reached IQD142.7bn ($108.9m) in the second quarter of 2025 (April-June), against IQD100.3m in the corresponding period of the past year, registering an increase of 42%, according to a statement issued last week by the Iraqi Insurance Bureau (the Diwan), the insurance regulatory authority in Iraq.
Swiss Re Institute projects that renewable energy could generate up to $26bn in insurance premiums in underwriting year 2030 amid increasing investment in greener energy.
International General Insurance Holdings saw a higher combined ratio as its gross written premiums remained flat in the first nine months of the year.
The Saudi Insurance Authority will be organising a global insurance conference and exhibition in Diriyah from 10-12 November 2025.