Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Coverys Launches European Casualty MGA, AEC Europe - Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs - Lockton Launches Silent Cyber Property Solution for Businesses - Munich Re Doubles Q3 Profit Despite Big Storm Losses in Europe, U.S. - Lloyd’s Re/Insurer Apollo Receives $90M Investment From Alchemy Partners - China’s Anti-Graft Watchdog to Inspect Financial Regulators, State Banks, Insurers - Howden Acquires Norwegian Broker Aneco Forsikringsmegling AS - Financial Services Groups Urge G20 Leaders to Set ‘Clear, Credible, Ambitious’ Climate Goals - Chubb to Buy Some of Cigna’s Asia-Pacific Businesses for $5.8 Billion - India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO - Germany’s Getsafe Raises $30M, Led by Swiss Re; Eyes Becoming Full Carrier - Egypt: 3 agencies agree on optional insurance cover for locals working abroad - Broker New Dawn Risk Group Launches Europe Subsidiary in Malta - Hub International Completes Purchase of Canada’s National Home Warranty Group - Singapore Plans to Review Cybersecurity Strategy and Laws - EU reinsurers urge UK regulator to delay Solvency II changes - Climate Reckoning Is Coming for the World’s Government Debt - Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting - Boutique Broker McGill and Partners Launches Bermuda Operation - Aston Lark Acquires UK Insurance Broker S. Johnson & Co. - Allianz Transfers Legacy Life Portfolio to Resolution Re, Using Quota Share Reinsurance - Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P - Willis Re Launches Flood Model for MENA Region - UK Financial Services Sector Calls for Eased Visa Requirements to Keep Competitiveness - Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion - Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources - UN Launches Disaster Insurance Program for Developing Countries - Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage - Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

KSA - SAMA: 172% improvement in ins. Solvency

Saturday, 10 03 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Arabian Monetary Agency (SAMA) announced an improvement in the solvency margin of the insurance sector, reaching 172%, in addition to a growth of the total written premiums by more than 5% compared to the second quarter of 2019, with the increase in the net income of the sector driven by the increase in the income of insurance operations, According to the quarterly report issued by SAMA regarding the performance of the insurance sector during the second quarter of this year 2020, which highlights the results related to this quarter and compares them with the sector’s performance in the same quarter of the previous year. The report indicated a decrease in the combined rate to 87.3%, and a decline in loss rates for both health and motor insurance, which represent the largest share of the insurance sector.

This step comes as part of the Monetary Agency’s commitment to providing accurate and up-to-date information on the performance of the insurance sector in Saudi Arabia.


Source: saudi24news.com
All copyrights reserved, Arab Reinsurance 2016 ©