Insurers operating in Qatar recorded almost 13% year-on-year growth in aggregate net premium to 1.3 billion Qatari rial ($349 million) in the first quarter of the year, according to the Qatar Central Bank.
Ratings agency A.M. Best Co. Inc. expects Oman-based National Life and General Insurance Co. SAOG to benefit from its acquisition of Royal & Sun Alliance Insurance (Middle East) BSC.
Nominations are open for the 26th annual Asia Insurance Industry Awards (AIIA) to be held on 31 October, in conjunction with the top-rated 18th Singapore International Reinsurance Conference (SIRC).
Kenya Reinsurance Corp. Ltd.’s net profit increased by only 0.8% to 2.97 billion Kenyan shillings ($25.7 million) in 2021 as the reinsurer recorded a larger impairment cost of approximately KES909 million for bad debts relating to unpaid premiums, up from KES227.8 million in 2020.