The Insurance and Pension Commission (IPEC) plans to issue a sustainability guideline for insurers and pension funds in 2025,a move that it says will be a strategic milestone for next year.
The African insurance market is experiencing significant transformation driven by various trends that present both opportunities and challenges.
WTW, a leading global advisory, broking, and solutions company, has formed a dedicated technology industry practice within its Corporate Risk & Broking (CRB) business in Australia and New Zealand.
Saudi Enaya Cooperative Insurance has received approval from the Capital Market Authority (CMA) to increase its capital through a rights issue.
Najm for Insurance Services has announced ongoing efforts to enhance insurance fraud prevention and develop new indicators for assessing the legitimacy of traffic accidents and detecting fraud.
WTW has appointed Mr Ben Di Marco as leader of its new dedicated technology industry practice. He is a cyber and technology risk specialist.
The Independent Code Review Committee has issued its interim report on its review of the General Insurance Code of Practice, which contains 104 recommendations which cover a number of areas, including financial hardship, customer vulnerability, claims handling, enforceability and governance.
The business risk exposure of African reinsurers is concentrated on a few commercial sectors, such as energy, infrastructure, and transportation, notes Fitch Ratings.
Euclid Transactional, a leading global managing general agent focused on transactional insurance underwriting and claims handling, has launched in the Asia Pacific (APAC) with a company in Singapore.
Lockton has appointed Mr Joseph Smart as Asia head for legal, risk and compliance, effective 16 September 2024.