Forty percent (40%) of vehicles in Senegal are uninsured, highlighting the need for increased controls and digitalisation of the insurance system to combat fraud, according to the Director General of the Motor Guarantee Fund, Mr Mamadou Gueye.
Chubb Life has appointed Mr Abhishek Sharma as Global Head of Data, AI and Analytics.
IndusInd General Insurance Company, formerly Reliance General Insurance Company, has appointed Mr Sharad Mathur as Managing Director and CEO, following statutory approvals.
Reputation matters more than price for most motorists in the country when choosing a car insurance provider, according to the findings of a new study by Qatar Insurance (QIC), in collaboration with Arkansas State University Qatar.
China's new energy vehicle (NEV) insurance market continues to expand rapidly, but insurers are struggling to translate premium growth into underwriting profits as high repair costs, inadequate pricing models and limited access to vehicle data weigh on the business.
Helvetia has announced the promotion of Ms Tan Siew Choo to the role of CEO Asia, effective 1 January 2027 and subject to regulatory approval. She will continue to lead the engineering and property solutions Asia team after the transition.
The Insurance Council of Australia (ICA) has submitted a strengthened General Insurance Code of Practice to the Australian Securities and Investments Commission (ASIC) following consultations with consumer groups, regulators, government and insurers. Announced on 22 October, the revised code aims to strengthen consumer protection through legally enforceable obligations, improved support for vulnerable customers and those experiencing financial hardship, and greater transparency and accountability in claims handling.
The Insurance Regulatory Unit (IRU) in Kuwait has announced the start of the pilot phase of the updated version of its "Beema"online system, which issues compulsory motor third party liability (CMTPL) insurance policies.
Generali's Board of Directors has approved the evolution of the Group's organisational setup, as proposed by the Group CEO, Mr Philippe Donnet, to underpin the final phase of the 'Lifetime Partner 27: Driving Excellence' strategic plan and looking ahead to the next 2028 to 2030 strategic cycle.
A recent report by Bloomberg on the prospective buyout of LPI Capital Bhd by Japan's MS&AD Insurance Group, could create the largest general insurance company in the Malaysian market.