A recommendation has been raised for the establishment of a national centralised reinsurance company in Oman, according to Mr Murtadha M J Ibrahim Al Jamalani, vice chairman of the Health Committee of the Oman Chamber Of Commerce & Industry.
There has been an 80% increase in power surge claims in 2022/2023 when compared to the three years prior. This coincides with a 970% GWH (gigawatt hours) increase in load shedding for the same period.
The application texts for the TRC (Construction All Risks) and RCD (Decennial Civil Liability) insurance will be published by the end of this year, with the regulations scheduled to enter into effect in 2024, announced the acting president of the Insurance and Social Welfare Supervisory Authority (ACAPS), Mr Othman Khalil El Alamy.
The Insurance Federation of Egypt (IFE) has reviewed insurance policies designed to cover potential risks that social media influencers may face in their work.
WTW, a leading global advisory, broking and solutions company, has announced a collaboration with global law firm Clyde & Co to help clients navigate the rapidly evolving climate risk and liability landscape.
The Bangladeshi government has made a bid again to make it compulsory for the owners of all public and private buildings to insure their property.
In cases where an AI-related error or failure occurs, liability insurance may need to step in to address AI-related losses according to the National Alliance for Insurance Education & Research (NAIE&R).
China's new registration-based IPO system is expected to have a significant impact on the A-share D&O insurance market, says the global law firm Clyde & Co.
Claim disputes have hit a new high as insurers continue to take a tough attitude to claim payouts, a feature of the hard market, the industry has been going through since 2019 according to the latest Mactavish Claim Litigation Index
Insurance coverage catering to the home economy is seen to have bright prospects as demand for domestic services increases in China, particularly on the back of government support.