The Financial Regulatory Authority (FRA) intends to approve the issuance of title insurance policies soon, the FRA chairman, Dr Mohamed Farid, has announced.
Public liability insurance, though complicated, is worth pursuing for India's economic and industrial development, according to Mr N Rangachary, the first chairman of IRDAI.
Insurance companies in India have experienced a rise in cases of fraud, within the life and health insurance categories, according to Deloitte's Insurance Fraud Survey 2023.
Specialists in the field of risk management and the insurance market expect reputation insurance business to be dynamic due to the increase in the number and size of reputation threats in the current digital age, says the Insurance Federation of Egypt in its latest weekly bulletin released on 4 February.
Optional financial liability insurance (OFLI) is a must, in the wake of a recent decision by the Court of Cassation (Supreme Court of Appeals) relating to a case in which the ceiling on compulsory motor third-party liability insurance (dubbed 'traffic insurance') is exceeded by the loss of value of a vehicle as a result of a traffic accident.
Allianz has appointed Mr Sam Poquiz as AGCS Pacific regional manager for liability. In his new role, he will lead the liability team in Australia and support the growth of AGCS in Asia Pacific by developing and executing the local underwriting strategy.
The Legislation and Opinion Bureau has issued a fatwa stating that the entity that bears the payment of the monthly premium to the insurance fund that provides coverage againstmedical and health liability errors is the place where the health service is provided and not the employee who works for that entity.
The Ministry of Road Transport and Highways will issue the country's first surety bond on 19 December.
Rising costs for materials and goods will affect construction and engineering market, but insurance rates will continue to soften, according to a blog that is part of Clyde & Co's "Insurance 2023-the Year Ahead" series posted on the global law firm's website.
The insurance market in Australia remains somewhat challenging overall, while conditions have begun to stabilise, says Gallagher, an insurance broking, risk management and employee benefits consulting company.