Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
Saudi Re produces sterling financial results in 2023
Saudi Re has posted net profits of SAR124.4m ($33.2m) for 2023, compared to SAR76m for 2022, according to annual financial statements...
Saudi Re has posted net profits of SAR124.4m ($33.2m) for 2023, compared to SAR76m for 2022, according to annual financial statements...
Article / 4 hours ago
Oman: Listed insurers' net profits soar by 42% to US$56m in 2023
The recorded after-tax profits of Oman's eight listed insurance companies saw an increase to OMR21.5m ($56.2m) in 2023 from OMR15.2m in 2022...
The recorded after-tax profits of Oman's eight listed insurance companies saw an increase to OMR21.5m ($56.2m) in 2023 from OMR15.2m in 2022...
Article / 3 days ago
Malaysia: Leading takaful company posts higher revenue and profits in 2023
Syarikat Takaful Malaysia Keluarga (Takaful Malaysia) has posted consolidated takaful revenue of MYR2,942.1m ($621m) for the financial year ended 31 December 2023...
Syarikat Takaful Malaysia Keluarga (Takaful Malaysia) has posted consolidated takaful revenue of MYR2,942.1m ($621m) for the financial year ended 31 December 2023...
Article / 7 days ago
Bahrain: GIG Takaful posts 9% increase in net profit attributable to shareholders in 2023
Takaful International, which is a subsidiary of GIG Bahrain, has posted a net profit attributable to shareholders of BHD937,289 ($2.48m), in 2023, compared to BHD858,000 in 2022, representing an increase of 9%...
Takaful International, which is a subsidiary of GIG Bahrain, has posted a net profit attributable to shareholders of BHD937,289 ($2.48m), in 2023, compared to BHD858,000 in 2022, representing an increase of 9%...
Article / 9 days ago
Morocco: Leading insurer sees group turnover rise by over 9% in 2023
Wafa Assurance, a leading insurer in Morocco, has posted a consolidated turnover of MAD12,724m ($1,266.4m) for 2023, an increase of 9.3% compared to 2022...
Wafa Assurance, a leading insurer in Morocco, has posted a consolidated turnover of MAD12,724m ($1,266.4m) for 2023, an increase of 9.3% compared to 2022...
Article / 10 days ago
South Africa: Biggest insurer posts record profit in 2023
Sanlam, Africa's biggest insurer, has reported record 2023 earnings despite a series of adverse events that impacted the global economy between 2020 and 2022, beginning with the COVID-19 pandemic.
Sanlam, Africa's biggest insurer, has reported record 2023 earnings despite a series of adverse events that impacted the global economy between 2020 and 2022, beginning with the COVID-19 pandemic.
Article / 15 days ago
Oman Re's 2023 reinsurance revenue surges by 29%
Oman Re, the Sultanate's only reinsurer, has announced a huge jump in reinsurance revenue, which reached OMR 42.1m ($109.3m) for the fiscal year ended on 31 December 2023.
Oman Re, the Sultanate's only reinsurer, has announced a huge jump in reinsurance revenue, which reached OMR 42.1m ($109.3m) for the fiscal year ended on 31 December 2023.
Article / 28 days ago
Qatar: Takaful operators report encouraging results in 2023
Qatar's listed takaful operators have reported promising preliminary results in the past year, according to statements by the companies lodged with the Qatar Stock Exchange...
Qatar's listed takaful operators have reported promising preliminary results in the past year, according to statements by the companies lodged with the Qatar Stock Exchange...
Article / 1 month ago
Turkiye: Insurance market grows by 106.8% in nominal terms in 2023, 25.5% in real terms
Turkiye's insurance industry grew by 106.8% in 2023 in nominal terms compared to 2022 when the market expanded by 123.2% year on year to TRY235bn ($12.5bn).
Turkiye's insurance industry grew by 106.8% in 2023 in nominal terms compared to 2022 when the market expanded by 123.2% year on year to TRY235bn ($12.5bn).
Article / 2 months ago
Saudi Arabia: Biggest insurer posts 17% jump in 2023 net profits
Bupa Arabia for Cooperative Insurance Company, Saudi Arabia's biggest insurer in terms of premiums, recorded net profits after zakat attributable to the owners of SAR940.16m ($250.72m) in 2023, a year-on-year rise of 16.77%.
Bupa Arabia for Cooperative Insurance Company, Saudi Arabia's biggest insurer in terms of premiums, recorded net profits after zakat attributable to the owners of SAR940.16m ($250.72m) in 2023, a year-on-year rise of 16.77%.
Article / 2 months ago