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Financial Performance tag returned 92 results

  • Turkey: Insurance market grows by 15% in 2017 to US$12 bln

    Total insurance premiums in Turkey reached TRY46.5 billion (US$12.3 billion) in 2017, representing an increase of 15% over 2016, according to data from the Turkey Insurance Association (TSB).

    Middle East | 24 Jan 2018
  • Australia: Largest Aussie insurer expects US$1.2 bln loss for FY2017

    Australia's biggest insurer QBE Insurance Group has sounded a warning that its after-tax loss for 2017 would be about US$1.2 billion, hit by write-downs and Nat CAT costs.

    Asia | 24 Jan 2018
  • UAE: Bumper profits expected in insurance sector

    Financial analysts expect profits of the insurance industry to have grown significantly last year, on the back of increased insurance premiums boosted by government decisions on mandatory health insurance.

    Middle East | 23 Jan 2018
  • 1Q2018 life insurance sales anticipated to fall

    The life insurance industry is expected to see a decline in premiums in the first quarter of this year, following a fall in sales in the first week of the new year.

    China | 19 Jan 2018
  • UAE: Rosy profit growth estimated for 2017 for insurers

    Profit growth of the UAE insurance industry is expected to have been significant last year because of a decline in the number of major accidents, especially from fire, according to the Emirates Insurance Association (EIA).

    Middle East | 11 Jan 2018
  • GCC: UAE to enjoy biggest boost to public coffers from VAT

    The impact from the introduction of VAT will be different across GCC countries, and it will have the biggest boost on government revenues in the UAE, given its larger consumer base and importance of retail spending, especially from overseas visitors, according to BMI Research, a Fitch Group company.

    Middle East | 11 Jan 2018
  • Tunisia: Insurance mart grows by 11% in 2016 to US$752 mln

    The Tunisian insurance market grew by 10.65% reaching TND1.86 billion (US$752 million) in premiums last year, according to the annual insurance report published by the Tunisian Federation of Insurance Companies (FTUSA).

    Middle East | 07 Dec 2017
  • Taiwan: Govt-owned insurer to get capital injection of US$333 mln

    The Taiwanese legislature's Finance Committee has approved plans by Taiwan Financial Holding to inject new capital into its life insurance unit to shore up its capital and ease the burden of negative interest spreads.

    Asia | 07 Dec 2017
  • New Zealand: Profit margins fall over the past year to 30 June 2017

    Gross earned premiums in the insurance industry increased by 9% over the year to June 2017 to NZ$9.1 billion (US$6.3 billion), whereas gross incurred claims increased by 52% to NZ$8 billion, according to the Reserve Bank of New Zealand (RBNZ) in its latest biannual Financial Stability Report.

    Asia | 04 Dec 2017
  • Lebanon: Share of Lebanese insurers stands at 5.2% in Arab market

    Premiums written in the Lebanese market accounted for 5.2% of the total premiums generated in the Arab insurance market in 2016, compared to 5.3% in 2015, according to a report in "Lebanon This Week" by the Economic Research & Analysis Department of Byblos Bank.

    Middle East | 03 Dec 2017

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