There is a critical need for the Ethiopian government to attach importance to the insurance industry, on a par with the attention given to banks and other financial institutions, senior executives of insurance companies have said. This is because the insurance market plays a vital role in supporting national projects and pushing economic growth.
Swiss Re has appointed Mr Bernhard Kaufmann as group CRO, effective 1 October 2025.
Zhibao Technology, an InsurTech that primarily engages in providing digital insurance brokerage services, has announced the establishment of Zhibao Labuan Reinsurance Company.
Gross written premiums (GWP) in India's general insurance industry is expected to grow 13% y-o-y in FY2026, according to India Ratings. The article also indicated that this momentum is driven by value expansion, rather than new policyholder additions.
Primary insurance companies from Central and West Asia have increased their attention to international reinsurance business as they seek to diversify their existing domestic books of business and establish a presence in foreign markets, according to a report by AM Best.
Regional expansion will be a priority for diversified financial services group ZimRe Holdings, according to its chairman, Mr Desmond Matete, who was speaking at the presentation of the group's financial performance for the year ended 31 December 2024. The expansion plan leverages the African Continental Free Trade Area (AfCFTA).
Casablanca-headquartered Société Centrale de Réassurance (SCR) has adopted a new name - Atlantic Re - as part of a strategic transformation driven by a clear ambition to consolidate leadership at home while accelerating regional expansion.
International speciality (re)insurance MGA, Rokstone DIFC, has appointed Mr Giles Hussey as senior executive officer, subject to regulatory approval.
The Central Bank of Egypt's decision last week to cut interest rates by 225 basis points has direct and indirect repercussions on the Egyptian insurance market, with the impacts varying depending on the type of insurance and the nature of the companies operating, said Mr Alaa El-Zoheiry, chairman of the Federation of Egyptian Insurance Companies.
In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action - backed by a new EUR 4.7m ($5.3m) grant supporting joint solutions, capacity building and knowledge-sharing across continents.