Misr Insurance Company (MIC), Egypt's biggest non-life insurer, has a track record of robust operating performance, notes AM Best.
Wataniya Insurance Company's profitability is expected to remain strong despite competition, says Fitch Ratings.
Rising insurance premiums and proposed regulatory changes are likely to place increased financial pressure on homeowners in Australia according to Property Council of Australia (PCA).
Catastrophe insurance data provider PERILS has disclosed that its initial industry loss estimate for tropical cyclone Alfred is A$2.59bn ($1.67bn).
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.
The first quarter of 2025 brought a series of devastating natural disasters across the globe and Asia was not spared from their destructive impact.
Willis has appointed Mr Steve Hutchinson as head of property and casualty for Hong Kong and Macau, effective 2 May 2025.
The 25 listed direct insurers in Saudi Arabia reported a combined profit after zakat of SAR3.2bn for 2024, 2% lower than the SAR3.3bn chalked up for 2023. The profits fell despite the combined investment income jumping 21%, from SAR2.6bn in 2023 to SAR3.1bn in 2024, according to an analysis by Badri Management Consulting, an international actuarial and risk consultancy firm.
The Insurance and Social Security Supervisory Authority (ACAPS) and the Moroccan Insurance Federation (FMA) have signed a charter relating to gender integration in the design and marketing of insurance products.
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).