Cathay Life Insurance, the largest insurer in Taiwan, is preparing for IFRS 17 and TW ICS implementation in 2026, says CreditSights, a credit research unit of the Fitch Group.
The Capital Market Authority (CMA) has approved a plan by Saudi Reinsurance Company (Saudi Re) to increase its capital through a new share issuance. The approval was granted on 25 November 2024, according to a stock exchange statement issued by Saudi Re.
Non-life insurance companies are considering joint reinsurance to share business with reinsurers as the Bank of Korea lowered interest rates for the second consecutive month in November 2024.
Finance Minister Ms Sihem Boughdiri Nemsia last week announced the establishment of the Tunisian Agency for the Fight against Fraud in the Insurance Sector.
The United Nations Development Programme (UNDP) in Jordan has signed a Memorandum of Understanding (MoU) with the Jordan Insurance Federation (JIF) to deliver advanced Training of Trainers (ToT) programmes on innovative insurance and risk-financing products in Jordan.
Four government bodies have jointly issued the "Notice on Promoting Accurate Insurance and Claims Settlement for Agricultural Insurance and Related Matters" to elevate standards in agricultural insurance.
The 11th Middle East Insurance Industry Awards (MIIA) honoured 19 exceptional winners yesterday in a ceremony at Altantis the Palm, Dubai, United Arab Emirates.
According to the report titled "Deepfakes in the Financial Sector: Understanding the Threats, Managing the Risks", published by the Financial Services Information Sharing and Analysis Center (FS-ISAC), the word 'deepfake' is a portmanteau of the words 'deep learning' and 'fake'. It also defined deepfakes as "synthetic media produced by GenAI".
China's insurance sector maintained steady operation and adequate solvency in the third quarter of the year, according to data released by the country's financial regulator.
The National Financial Regulatory Administration (NFRA) will encourage mainland Chinese insurers and banks to set up headquarters in Hong Kong for international operations, said the head of the regulatory agency, Mr Li Yunze.