The conflict in the Middle East has introduced a significant new source of risk into the global economy, that until recently, had looked reasonably resilient, according to the International Monetary Fund's First Deputy Managing Director Dan Katz.
The International Association of Insurance Supervisors (IAIS) has released two publications, marking the completion of its multi-year cycle of assessing implementation of the supervisory material of the Holistic Framework for systemic risk in the insurance sector. South Africa is among the markets assessed.
The China Reinsurance (Group) Corporation (China Re Group) has carried out a preliminary comprehensive assessment of the impact of the US-Israeli-Iran hostilities on its operations. The Group finds that the current impact of the war on it is generally manageable, but uncertainties remain due to ongoing developments.
Gulf Insurance Group (GIG) is navigating one of the most challenging periods the Middle East has faced in the recent era, according to a company board member Dr Yousef Hamad Al-Ebraheem.
Coface has appointed Ms Carmen Chow as Head of Commercial for Hong Kong. In her new role, she is responsible for strengthening Coface's commercial performance strategy and deepening client engagement in the Hong Kong market.
Cyber incidents are becoming more frequent, sophisticated and costly, with median annual losses increasing fifteen-fold over the past 15 years, at a time when geopolitical tensions are intensifying and digital interdependence deepens.
The International Association of Insurance Supervisors (IAIS) has released two publications, marking the completion of its multi-year cycle of assessing implementation of the supervisory material of the Holistic Framework for systemic risk in the insurance sector.
The National Bank of Ethiopia (NBE), which is the central bank, has issued a new regulation governing the appointment and conduct of external auditors for insurance companies and the responsibilities of the insurers' directors related to external audits. The directive took effect from 26 March 2026.
The investment performance of insurers and takaful operators (ITOs) will remain sensitive to financial market conditions amid global economic and policy uncertainties, including those arising from the conflict in the Middle East, Bank Negara Malaysia (BNM) said.