Shareholders of Islamic Arab Insurance Company (Salama), one of the UAE's leading takaful providers, have approved a capital reduction and subsequent capital increase as part of a comprehensive plan to restore solvency and reinforce its financial position in line with regulatory requirements of the Central Bank of the UAE (CBUAE).
Vietnam's insurance law Insurance Business Law 2022 has contributed a lot to promote the insurance market development in the country; however, the industry's growth is now showing signs of slowing, hence it is necessary to have a relook on the existing law.
Bajaj Finserv, one of India's largest and most diversified financial services groups, has announced the rebranding of its insurance businesses as Bajaj General Insurance and Bajaj Life Insurance, with immediate effect, marking a significant milestone in the journey of these insurance businesses.
A new report from Resilient Cities Network and Tokio Marine Group lays out an approach for cities to translate their resilience goals into investment strategies that build credibility and attract capital.
A significant proportion of Australians, polled in a recent survey, admitted to eating or drinking behind the wheel, followed by speeding over the limit, and being distracted by other passengers, according to Compare the Market, a comparison platform.
The Reserve Bank of India (RBI) has proposed that a risk-based premium system should replace the current flat rate system for the deposit insurance scheme for Indian banks.
Fewer than one third of financial services customers are confident that they know how to make a complaint about their financial service provider according to a new report by New Zealand's Financial Markets Authority - Te Mana Tatai Hokohoko (FMA).
Asian countries, that are considering carbon capture and storage (CCS) plan to address fossil fuel emissions could create a "considerable and unnecessary risk" not only to the Paris Agreement, but also to their own economies according to a new report by global science and policy institute Climate Analytics.
Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations.
The Kenyan financial authorities will establish a periodic study review mechanism to assess and potentially increase the compensation ceiling of the Policyholders Compensation Fund (PCF), according to a draft of the Kenya National Financial Inclusion Strategy (2025-2028), released by the Central Bank of Kenya.