The Capital Market Authority has announced that it has approved separate applications by Chubb Arabia Cooperative Insurance Company and Saudi Reinsurance Company to increase their capital.
China has enacted a new law to regulate the response to public health emergencies and enhance the country's capacity to address such situations according to news agency Xinhua.
The Insurance Regulator of Cambodia (IRC) and Hong Kong's Chartered Insurance Institute (CII) will collaborate to strengthen Cambodia's insurance industry on professional training, knowledge exchange and capacity building.
The Insurance Authority (IA), the insurance regulator in Hong Kong has issued a public reprimand on Tahoe Life Insurance Company and also imposed a fine of $10m to be borne by its shareholders' fund.
Nine out of 10 insurance investment managers think climate risk and its impact will become more important to their portfolios and strategies in the next three years according to a new research.
Willis has announced the launch of its newly established global risk engineering team, an expansion of its global risk and analytics business.
Nasdaq Dubai, an international financial exchange in the Middle East, holds about 31% of global hard-currency sukuk outstanding, giving the UAE a competitive edge within the GCC and core Islamic finance markets, says Fitch Ratings.
Tokio Marine Kiln has appointed Ms Phoebe Liew as special risks underwriter, focussing on credit and political risk.
Increasing riots, civil disturbances, political conflicts and public unrest make it important that the property and casualty insurance policies include covers against riots and civil disturbances according to Indonesian financial services regulator Otoritas Jasa Keuangan (OJK).