Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has delivered strong financial results for the first quarter of 2025.
Singapore's life insurance industry recorded nearly S$1.48bn ($1.14bn) in weighted new business premiums for the first quarter of 2025, representing a 10.9% per cent y-o-y increase, fuelled by continued uptake of Investment-Linked Policies (ILPs).
The Taiwan dollar's sharp rally against the US dollar in the first week of May has heightened foreign exchange risk exposure for Taiwanese life insurers who have been allocating a large portion of their invested assets in foreign investments, mainly USD-denominated fixed income securities.
The impact of intense price competition in medical and certain motor segments are now coming through in the Saudi insurance market, says Badri Management Consultancy, an international company specialising in actuarial and management consulting services.
Vietnam National Reinsurance Corporation (VINARE) has posted a strong operating performance, supported by its five-year average return-on-equity ratio of 10.6% (2020-2024), notes AM Best.
The overseas businesses of South Korea's domestic insurance companies turned a profit in 2024. Their combined net income turned around by $173.4m from a loss of $14.3m in 2023 to $159.1m, according to a statement released by the Financial Supervisory Service (FSS).
Saudi Reinsurance has posted net profits after zakat attributable to shareholders of SAR35.4m in the first quarter of this year, 11.4% higher than in the corresponding quarter of 2023.
The Turkish insurance industry is expected to reach a size of $30bn this year, according to the president of the Insurance Association of Türkiye (TSB), Ugur Gulen.
Gulf Union Alahlia Cooperative Insurance Company (Gulf Union) is expected to maintain combined ratios in the mid to high 90s in 2025 due to its underwriting and pricing discipline, says Fitch Ratings.
Reducing state government taxes in Australia is perhaps the best and fastest way to bring relief for the insurance customers who are burdened by higher insurance premium in the aftermath of rising natural disasters according to QBE chairman Mike Wilkins.