Among the several positive factors in the insurance markets of the Middle East, including Egypt, are increased demand for reinsurance and the desire of insurance companies to ensure sufficient capacity to meet the needs of their business, according to Ms Catherine Thomas, senior director of analytics at AM Best.
From the failure of banks like SVB and Signature Bank in the US to the takeover of Credit Suisse, crisis in the banking sector has raised concerns of the start of another financial crisis.
Mr Daniel Wang, executive director - Insurance, Monetary Authority of Singapore (MAS), has been named the new chair of the UNDP-convened Sustainable Insurance Forum (SIF).
Global electronics industry is likely to face a threat from semiconductor supply chain according to a new report by Lloyd's and WTW.
A recent survey has revealed that almost half (49%) of the participating companies have already replaced workers with ChatGPT, the AI tool that emerged on the scene only in November 2022.
The Financial Services Authority (OJK) continues to strengthen the insurance industry by ensuring that industry players are ready to implement the Statement of Financial Accountant Standards (PSAK) 74 concerning Insurance Contracts starting 1 January 2025.
Shift Technology, a provider of AI-driven decision automation and optimisation solutions for the global insurance industry, has announced that The General Insurance Association of Singapore (GIA) will extend its use of Shift Claims Fraud Detection on behalf of its member insurers.
A new report by Global Federation of Insurance Associations (GFIA) has identified and quantified the most significant - and growing - annual global protection gaps: $1tn for pensions; $900bn for cyber; $800bn for health and $100bn for natural catastrophes.
Improving employee wellbeing can enhance company performance by at least 11% and up to 55% according to Aon's 2022-2023 Global Wellbeing Survey.
The total number of plastic particles floating in the world's oceans across all five sub-tropical gyres, costal Australia, Bay of Bengal and the Mediterranean is estimated to be a minimum of 5.25tn particles weighing 268,940 tons according to a new research published by the journal PLOS One.