UAE: Largest insurer's focus on profitability will sustain strong technical results

Published on June 1, 2024
Orient Insurance has a track record of very strong operating profitability, notes AM Best, adding that in 2023 (under IFRS 17) the insurer generated a return-on-equity ratio of 15.5% and a net-net
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Gulf: Floods cause estimated insured losses of as much as US$2.4bn

June 1, 2024
Total insured losses arising from the 2024 Gulf Floods event are estimated to exceed $1.6bn and could reach as high as $2.4bn for the UAE, of which Motor represents ~10%, according to an analysis by

Asia: Marsh launches Centre for Climate Adaptation and Resilience Excellence in Singapore

June 1, 2024
Marsh, the world's leading insurance broker and risk advisor and a business of Marsh McLennan, yesterday announced the launch of the Centre for Climate Adaptation and Resilience Excellence (CCARE).