Saudi Arabia: Underinsured insurance market signals strong growth prospects

Published on September 7, 2023
S&P Global Ratings (S&P) says that it believes the Saudi insurance market is still underinsured compared to global markets, with an insurance penetration rate below 2%, and therefore has strong
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Australia: Non-life market rings up net profit after tax of nearly US$3bn in the year to 30 June

September 7, 2023
The Australian general insurance industry reported a net profit after tax of A$4.6bn ($2.9bn) and a return on net assets of 14% for the year ended 30 June 2023, according to the Australian Prudential

Jordan: Central bank to revise insurance regulations by end-2025

September 7, 2023
The Central Bank of Jordan is working on issuing new regulations for the insurance sector that take into new variables and developments, says Ms Rana Tahboub, the executive director of the Insurance