According to news platform The Hindu, the Indian government has appointed to Life Insurance Corporation of India (LIC) Mr Dinesh Pant and Mr Ratnakar Patnaik to the posts of managing directors, effective on or after 1 June.
Investment solutions company Amundi has appointed Mr Jian Xiong as insurance specialist for Asia. In his new role, he will strengthen the development of investing offerings and bespoke solutions for insurance clients across Asia.
Income Insurance, a composite insurer in Singapore, has selected JP Morgan as the custodian bank for its assets.
On April 8, the National Financial Regulatory Administration (NFRA) issued the 'Notice on Adjusting Regulatory Ratios for Insurance Funds' Equity Investments', raising the upper limit for insurers' equity asset allocations.
Takaful Emarat achieved a turnaround in its financial results in 2024 when it reported net profits attributable to shareholders of AED11.2m ($3m) compared to a net loss of AED12.4m in 2023, according to the audited consolidated financial statements of the company.
Amid a changing geopolitical landscape, the majority of insurers (52%) in a poll are very concerned about the impact of inflation on their portfolios according to Goldman Sachs Asset Management.
Doha Insurance Group (DIG) has been expanding beyond its domestic market, a strategy that has rewarded the Group in terms of business growth and profitability.
Demand for Islamic finance will continue to rise as strong economic activity in the Gulf Cooperation Council (GCC) and Southeast Asia is supported by diversification agendas, investment inflows and population growth, reported Bernama News Agency quoting a Moody's Ratings (Moody's) report.
These are the highlights for all events and updates across the industry this week.
The profitability of the insurance industry in 2024 was boosted by an increase in investment income, according to Mr Koray Erdogan, CEO of Ray Sigorta.