More than 40 insurers, including major players, have lost around ZAR1.5bn ($106m) in insurance premiums due to misappropriation by an intermediary.
Chinese InsurTech Waterdrop has raised $360m in its New York initial public offering (IPO), reported Reuters.
Just as insurance companies invest in retirement community development projects, the real estate sector is also entering the insurance field. An example of this is Evergrande Property Services Group's recent announcement that it plans to acquire an insurance brokerage licence.
Ed, the global reinsurance, wholesale and specialty broker, has announced the appointment of Christina Ong as chairman of Ed Asia. Based in Singapore, Ms Ong assumes her role with immediate effect.
Aon has announced that Ben Love will join the UK leadership team of Aon's Reinsurance Solutions. Based in London, he will focus primarily on client growth strategy in addition to other specific client responsibilities. He will report to Reinsurance Solutions' UK CEO, Nick Frankland.
The Financial Regulatory Authority (FRA) is drafting new regulations to govern insurance brokerage companies in the Egyptian market, according to Mr Reda Abdel Moaty, FRA vice chairman.
There is a major move online by the consumers for the insurance purchase process for personal products like life, health, and property and casualty insurance according to a new survey conducted by Society of Insurance Research (SIR).
Willis Towers Watson has announced the appointment of Jennifer Tiang as regional cyber leader in Asia. In this new role, she will lead the company's cyber insurance business in Asia, together with a team of 10 other cyber champions across the region. She will drive business growth and implement new and innovative cyber ideas and solutions to help organisations mitigate rapidly evolving cyber risks.
ASX-listed Steadfast Group, the largest general insurance network in Australasia, has increased its shareholding in unisonSteadfast, the largest global network of independent insurance brokers, to a majority stake of 60%.
Guy Carpenter has announced the appointment of Anthony Cordonnier as managing director and global co-head of cyber, effective the second half of 2021, and the promotion of Erica Davis to global co-head of cyber, effective immediately.