Cameroon's government has submitted a draft law to Parliament which, when passed, would require insurance companies to cede part of their premiums and reinsurance contracts to local entities.
Howden, a global insurance intermediary group, has received regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia (KSA).
African Reinsurance Corporation (Africa Re) and the United Nations International Children's Emergency Fund (UNICEF) have signed an agreement to support climate change education and the development of green skills.
FWD Group Holdings' (FWDGHL) bottom line, underpinned by sustained growth through both onshore and offshore channels in Hong Kong and a solid business presence in Thailand, is expected to continue to improve in 2025 according to Fitch Ratings. The group's growth is also expected to benefit from its established bancassurance channel.
Mr Reynaldo A Regalado, Insurance Commissioner of the Philippines, has been elected as the chairman of Asian Reinsurance Corporation (Asian Re).
These are the updates on insurance regulatory developments in China.
The earnings of Societe Tunisienne de Reassurance (Tunis Re) are strong for its rating, underpinned by solid underwriting performance, Fitch Ratings has said.
The Financial Regulatory Authority (FRA) is extending the grace period for insurers to adhere to the Unified Insurance Law by a year, starting on 11 July.
The Central Reinsurance Company (CCR) has posted net profits of $56.28m, an increase of 21.8% compared to the $46.22m chalked up in 2023.
Escalating climate shocks are deepening an insurance crisis that threatens both social resilience and financial stability-shifting unaffordable risks onto people while exposing the limits of an insurance system under intensifying strain according to the 'Insure Our Future' campaign.