The National Insurance Commission (NAICOM), has signed a memorandum of Understanding MOU) with the Ministry of Youth Development to train 1,000,000 Nigerian youths under a programme tagged, "One Million Youths in Insurance".
GIG-Egypt has a record of generating strong earnings despite the challenging operating conditions and high inflationary environment of Egypt, said AM Best.
The Singapore government has decided that it would not be in the public interest for the proposed S$2.2bn ($1.68bn) sale of a stake in Income Insurance to global insurer Allianz, in its current form, to proceed.
China's population aged 60 and above reached nearly 297m in 2023, accounting for 21.1% of the total, according to an official report released jointly by the Ministry of Civil Affairs and China National Committee on Ageing.
Fitch Ratings has assigned UAE-based Union Insurance Company a first-time Insurer Financial Strength (IFS) Rating of 'BBB' with a 'Positive' outlook.
HSBC Life has introduced Life Treasure III, a regular premium, participating whole life insurance plan which allows clients to multiply their coverage by up to six times, provides financial safeguards for accidental death, and offers broader protection against critical illnesses.
The Shandong Provincial People's Procuratorate has ordered the arrest of Li Quan, former chairman of New China Insurance, for suspected embezzlement and bribe-taking. The insurer, listed in Hong Kong and Shanghai, is one of the biggest life insurance companies in China.
State-owned Société Nationale d'Assurance (SAA or National Insurance), Algeria's biggest insurer, has a track record of stable operating performance, with profit before tax ranging from DZD2.5bn ($22.6m) to DZD3.6bn between 2019 and 2023, translating in a five-year weighted average return on equity of 6.3% (as calculated by AM Best).
Gulf International Services (GIS), one of the leading companies in oil and gas services in the region, has announced that it intends to list Al Koot Insurance and Reinsurance Company (Al Koot) on the Qatar Stock Exchange.
The National Financial Regulatory Administration (NFRA) has said that it would issue supporting policies to promote the development of commercial health insurance, to meet the diverse health protection needs of the people.