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Property & Casualty tag returned 1625 results

  • Egypt: Efforts afoot to plug the protection gap

    Bridging the protection gap is gaining more importance and insurers are cooperating with regulators to find the best means to address this issue, said speakers at the 2nd Sharm El-Sheikh Insurance Rendezvous in Egypt.

    Middle East | 14 Nov 2019
  • Turkey: Expert outlines fire risks that follow earthquakes

    Almost all (98%) of the factories in Turkey are located in earthquake zones and factory fires caused by quakes pose a risk as great as the earthquakes themselves, according to Professor Abdurrahman Kilic who is regarded as the country's foremost expert on fire. He is also a founding member of Turkey Fire Protection and Education Foundation (TUYAK).

    Middle East | 14 Nov 2019
  • Jordan: Aggregate profits of 22 insurers surge by 57% for Jan-Sep

    The combined profits of 22 insurance companies operating in the Jordanian market jumped by 57.1% for the first three quarters of this year (YTD 3Q2019) compared to the corresponding period last year, according to a study by Sanabel Al Khair for Financial Investments.

    Middle East | 14 Nov 2019
  • Asia: Region's emerging markets to drive global insurance growth in 2020-21

    Emerging Asia will power global insurance industry growth of around 3% in real terms in each of 2020 and 2021, unchanged from projections for two years out at the same time in 2018, says Swiss Re Institute (SRI) in its latest sigma report released yesterday.

    Asia | 14 Nov 2019
  • Australia: Bushfire losses exceed US$80m so far this year

    Bushfires have cost Australian insurers more than A$120m ($82m) so far this year, and the losses are continuing to mount, according to the Insurance Council of Australia (ICA).

    Asia | 14 Nov 2019
  • Egypt: Insurers aim to close coverage gap by developing 3 areas

    The Insurance Federation of Egypt (IFE) is seeking to implement policies aimed at closing the insurance protection gap, which is estimated at $2.8bn in the Egyptian market, according to Mr Alaa El-Zoheiry, the president of the association.

    Middle East | 13 Nov 2019
  • Growth in motor and casualty in Taiwan

    Taiwan's national reinsurer, Central Reinsurance Corporation (Central Re) was established in 1968 to promote the growth of the domestic insurance sector and remains the only domestic reinsurance company in Taiwan.

    AIRPlus | 13 Nov 2019
  • Saudi Arabia: Oil giant Aramco to launch IPO on 17 Nov

    Saudi Arabian oil giant Aramco has released a preliminary prospectus for its much awaited initial public offering which is the biggest in the world.

    Middle East | 12 Nov 2019
  • Australia: Financial complaints authority releases comparison tool

    The Australian Financial Complaints Authority (AFCA), which marked the first anniversary of its establishment on 1 November, has released a new online tool allowing Australians to see how their insurer, bank, financial adviser, superannuation fund or other financial firm has responded to consumer complaints brought to the Authority.

    Asia | 12 Nov 2019
  • Typhoon Hagibis caused at least $10bn economic loss, says Aon report

    Total economic losses for typhoon Hagibis are expected to exceed $10bn with insured losses minimally in the billions, according to Aon's latest monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events that occurred worldwide during October 2019.

    Asia | 11 Nov 2019

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