Singapore: Allianz withdraws pre-conditional offer for Income Insurance

Published on December 1, 2024
Allianz yesterday - through its wholly owned subsidiary Allianz Europe BV - announced it has withdrawn its pre-conditional voluntary cash general offer to acquire at least 51% of the shares in Income
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Saudi Arabia: Insurers must maintain underwriting discipline in 2025

December 1, 2024
Top-line growth in Saudi Arabia's insurance sector will moderate to about 10%-15% in 2025, after strong growth since 2022 and a 17% increase in insurance revenue in third-quarter 2024, forecasts S&P

Egypt: Medical costs projected to surge by over 30% in 2025

December 1, 2024
Insurers in Egypt are projecting that medical costs would jump by 31% in 2025, says WTW, a leading global advisory, broking and solutions company. WTW is anticipating instead a higher medical trend