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 / 3 hours ago
Egypt: Wethaq Takaful plans to start oil & gas insurance operations in April
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Article / 1 day ago
Indonesia: Islamic insurance association looks to halal ecosystem to support takaful growth
The Indonesian Shariah Insurance Association (AASI) is seeking support that can be lent by the halal ecosystem to expand shariah insurance business...
The Indonesian Shariah Insurance Association (AASI) is seeking support that can be lent by the halal ecosystem to expand shariah insurance business...
Article / 2 days 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
Turkiye: Duration of war risk offers slashed to 24 hours from 7 days
War risk premiums appear to have soared from approximately 0.1% of the value of a ship to 0.7-1%, given the perils faced by commercial ships in the Red Sea, says the Insurance Association of Turkiye (TSB)...
War risk premiums appear to have soared from approximately 0.1% of the value of a ship to 0.7-1%, given the perils faced by commercial ships in the Red Sea, says the Insurance Association of Turkiye (TSB)...
Article / 7 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
Turkiye: Agricultural insurance pool pays out US$1.2m promptly for tornado damage
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the southern province of Antalya whose crops were damaged by a recent tornado...
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the southern province of Antalya whose crops were damaged by a recent tornado...
Article / 9 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