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Property & Casualty tag returned 1971 results

  • UAE: Dubai Expo 2020 proposed to be rescheduled till next year

    The UAE government has formally proposed to reschedule till next year the staging of Expo 2020 Dubai, to allow for recovery from the difficult business conditions brought about by the COVID-19 pandemic that has also affected participating countries.

    Middle East | 08 Apr 2020
  • Coronavirus pandemic could leave Belt and Road Initiative in limbo

    China's ambitious global project Belt and Road Initiative (BRI) runs the risk of remaining incomplete or being abandoned if uncertainties around the COVID-19 pandemic persist.

    Asia Risk | 08 Apr 2020
  • Malaysia: Life business forges ahead despite new rules

    New life and family takaful business in Malaysia performed better (+11%) in the second half of 2019 relative to the same period last year, notes Bank Negara Malaysia (BNM) in its financial stability report for 2H2019 released last week.

    Asia | 08 Apr 2020
  • Taiwan: 11 insurers to start blockchain pilot project

    The Financial Supervisory Commission (FSC) has approved a pilot project involving a joint blockchain platform by a group of life and P&C insurance companies.

    Asia | 08 Apr 2020
  • Turkey: Insurance industry continues to post profits in 2019

    The insurance market was profitable in 2019, according to data released by the Insurance Association of Turkey (TSB). The total technical profit chalked up by the industry last year stood at TRY7.75bn ($1.15bn), a jump of 52% over 2018.

    Middle East | 07 Apr 2020
  • Malaysia: Low interest rates force insurers to hold higher buffers--BNM

    The low interest rate environment in recent years has increased the capital buffers that insurers and takaful operators (ITOs) in Malaysia are required to hold against market risk exposures, says Bank Negara Malaysia (BNM) in its financial stability report for 2H2019 released last week.

    Asia | 07 Apr 2020
  • South Africa: Regulator urges consumers to utilise credit life insurance for COVID-19 relief

    The National Credit Regulator (NCR) has advised consumers to make use of their credit life insurance, to obtain some relief if they are unable to earn an income as a result of COVID-19.

    Africa | 06 Apr 2020
  • Nigeria: Insurance broker optimistic about industry recapitalisation

    No insurance company is going to fold in the ongoing recapitalisation exercise initiated by the sector's regulator, National Insurance Commission (NAICOM), according to Mr Simon Okeke, executive chairman of Purebond Insurance Brokers, who has over three decades' experience in the insurance industry.

    Africa | 06 Apr 2020
  • Lebanon: GWPs slip by 4% in 2019

    The gross written premiums of 50 licensed insurance companies in Lebanon reached $1.61bn in 2019, constituting a decrease of 4% from $1.68bn in 2018, according to data released by the Insurance Control Commission.

    Middle East | 06 Apr 2020
  • Algeria: Insurance sales fell 10% in 1Q2020

    Insurance companies in Algeria recorded huge losses during the first quarter of 2020, with premium income falling by DZD6bn ($47.4m), a decrease of 10% compared to the first three months of 2019.

    Middle East | 06 Apr 2020

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