The Jordan Insurance Federation (JIF) has released a working paper titled "Implications of the War on Iran for the Jordan Insurance Sector", outlining the risks and challenges associated with the war in the Gulf, and proposed responses to them.
Misr Life Insurance Takaful has increased its issued and paid-up capital to EGP400m ($7.5m), in compliance with the implementation of the first phase of the capital increase plan approved by the Financial Regulatory Authority. The first-phase capital increase amounted to EGP250m.
Oil and gas supply shock triggered by the Middle East conflict has led several Southeast Asian countries to ramp up their coal reserves. A recent report, however, reveals that the region's shift back to coal is likely to increase costs sharply rather than reduce them.
Insurance Authority (IA) hosted a Captive Forum meeting in Beijing last month to promote Hong Kong as a captive domicile.
The forecast for region-wide GDP growth in MENA in 2026 has been revised from 3.9% to 3.1%, in line with the base-case assumption that the US-Iran conflict will be time-bound for up to four weeks, said BMI, a UK multinational research firm and a subsidiary of Fitch Solutions.
Continuum, a specialist risk advisory firm focussed on emerging industries, has announced a strategic partnership with Freed Capital Group, a licensed insurance broker in Hong Kong. As part of the partnership, Freed Capital has also made a strategic investment in Continuum.
Markel Insurance, the insurance operations within Markel Group, has opened a new office in Perth and marked the event with the appointments of two Senior Underwriters, Mr Jerome Steyn and Mr Pierre Dagnee.
The two-week ceasefire in the ongoing conflict between Iran and the US and Israel may signal regional stability and important first steps towards a gradual normalisation of flows.
The Australian Prudential Regulation Authority (APRA) has applied an additional A$2m ($1.4m) capital requirement to Sovereign Insurance Australia (SIA), an MGA.
More than four in five insurers (82%) in Singapore say they are ahead of their competitors in adopting digital systems, yet nearly all (98%) acknowledge that legacy technology is constraining business growth, according to research from Clearwater Analytics, a comprehensive investment management technology platform (CWAN).