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Property & Casualty tag returned 1553 results

  • Egypt: Compulsory insurance aims to address lack of awareness

    The insurance market in Egypt has suffered for a long time from the lack of insurance awareness among individuals, so it contributes a small percentage to the GDP of about 1.1%. The Insurance Federation of Egypt aims to increase this percentage to 3% during the next three years, Mr Alaa El-Zoheiry, chairman of the federation, says.

    Middle East | 20 Oct 2019
  • Asia Pacific: AIG names Head of Claims, General Insurance

    American International Group, Inc. has appointed Steve Gibbs as Asia Pacific Head of Claims, General Insurance.

    Agents | 17 Oct 2019
  • Shenzhen outlines plan for cross-border insurance services

    The Shenzhen Banking & Insurance Regulatory Bureau has released a draft of its proposal for establishing a cross-border insurance innovation service centre, with insurance intermediaries at the core of the system. The centre, when established, will bring the insurance industry in the Greater Bay area comprising Guangdong, Hong Kong and Macau, one step closer.

    China | 18 Oct 2019
  • More than 30 insurers apply for shareholding changes

    China Cinda Asset Management has put up for sale, on the Shanghai United Assets and Equity Exchange, its 50.995% stake in Happy Life Insurance, comprising 5.166bn shares. The reserve price for the block of shares is CNY7.5bn ($1.06bn).

    China | 18 Oct 2019
  • Regulator invites insurers for views to plan the development of the P&C sector

    To plan the development of the property insurance industry over the next four years, the CBIRC is seeking input from the non-life insurance sector.

    China | 18 Oct 2019
  • Indonesia: General insurance sector needs to ready itself for the future

    The Indonesian General Insurance Association (AAUI) has outlined five steps that have to be taken for the non-life industry to have momentum in the next 25 years.

    Asia | 18 Oct 2019
  • India: Several insurance M&A deals announced

    Several M&A deals, involving foreign players, have been announced this week in the Indian insurance market.

    Asia | 18 Oct 2019
  • New Zealand sees rising non-life insurance premiums

    Premiums for dwelling, contents and vehicle insurance in New Zealand surged by 7.6%, 3.5% and 8.4% respectively over the year to September 2019 according to official data agency Stats NZ. The increases were concurrent with rising household costs and transport prices.

    Asia | 17 Oct 2019
  • Egypt: Number of private insurance funds grows in 2018

    The number of private insurance funds in Egypt rose to 670 at the end of last year, compared to 664 at end-2017, and the number of members of private insurance funds reached 4.9mn in 2018 compared to 4.7m in 2017, according to a report of private insurance funds for 2018, issued by the Financial Regulatory Authority.

    Middle East | 17 Oct 2019
  • Australia: ASIC says product disclosure fails to enhance consumer decision making

    Reliance on mandated disclosure involving financial products and warnings has often proved ineffective, and at times even backfired contributing to more consumer harm, says the Australian Securities and Investments Commission (ASIC).

    Asia | 17 Oct 2019

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