Jordan: First Insurance shows favourable combined ratio despite unprofitable compulsory motor business

Published on December 12, 2023
First Insurance Company (SFIC) has achieved a solid five-year (2018-2022) weighted average combined ratio of 95.7%, as calculated by AM Best.
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GCC: Net impact on equity rises to -2.5% as Oman's listed insurers publish IFRS17-compliant financials for the first time in 3Q2023

December 12, 2023
Nine months into the year, the progress on the transition to IFRS 17 has moved up to 91% as most insurers embrace IFRS 17 except a few takaful entities that will likely adopt the standard's

Nina Klingspor to become CEO of Allianz Central Europe

December 12, 2023
Allianz SE has announced that Nina Klingspor, currently CEO of Allianz Private Krankenversicherungs-AG, Allianz’s private health insurance business in Germany (APKV), will be appointed as the new Chief Executive Officer (CEO) of Central Europe for Allianz Group, subject to approval by the relevant corporate bodiesKlingspor will succeed Petros Papanikolaou who will be appointed as the new CEO of Al