Four companies have applied for the final licence for standalone medical insurance companies, the Chairman of the Financial Regulatory Authority (FRA), Dr Islam Azzam, has revealed.
The government has issued Decree No. 374, which sets out provisions for the management and operation of the Unemployment Insurance Fund under the Employment Law.
On Coral Triangle Day, the Insure Our Future coalition said most of the world's largest insurers and reinsurers have not ruled out providing support for liquefied natural gas (LNG) expansion in the Coral Triangle, despite concerns over the environmental risks posed by fossil fuel development in the region.
The General Secretariat of the Government has released a draft Bill to amend and supplement the Insurance Code to accelerate digital transformation, strengthen policyholder protection, and broaden access to insurance for previously underserved segments of the population.
The National Financial Regulatory Administration (NFRA) has issued a notice, encouraging insurance companies to design property insurance products suitable for micro and small enterprises (MSEs).
The Insurers Federation of Egypt (IFE) has advocated for the development of a broader range of sustainable insurance products that meet environmental, social, and governance (ESG) standards.
The German state-owned development bank KfW has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI), becoming the 13th institutional shareholder in Africa's premier development insurer.
Fawry, a FinTech company, has obtained approval from the Financial Regulatory Authority to establish Fawry Microinsurance Company.
The minimum capital for a national microinsurance licence shall be NGN3bn ($2.2m), five times the current capital, according to guidelines issued by the National Insurance Commission (NAICOM).
Thailand is moving forward with plans to implement regulations requiring international tourists to obtain accident insurance before entering the country. The proposal comes amid a growing number of unpaid medical bills, which are placing increasing strain on the public healthcare system.