Some body corporates and homeowners' associations (HOAs) HOAs are unaware or have not been advised that they can cover solar panels under their existing building insurance policies, with minimal implications, says Mr Hermanus van der Linde, chief executive of short-term insurance broker Integrisure.
The head of the Insurance Brokers Association of Ghana (IBAG) has said that it is time for the industry to re-strategise their business model to avert a possible funding crisis arising from their participation in the Domestic Debt Exchange Programme.
Wafa Assurance has posted MAD11.6bn ($1.13bn) in consolidated turnover in 2022, an improvement of 18.9% over 2021. It outperformed the Moroccan insurance market whose turnover improved by 9.3% to MAD54.9bn in 2022.
Kenya's insurance sector is on track towards full recovery and is poised to record positive growth in the next five years, according to industry experts.
Claims numbers from the the Auckland Anniversary Flood and Cyclone Gabrielle events will be somewhere in the vicinity of the claim volume experienced from the Canterbury Earthquakes, according to Mr Mark Jones, chief broking officer of the Crombie Lockwood, one of New Zealand's leading insurance broking companies.
China Taiping Insurance (Macau) Company Limited (CTIM), the territory's largest non-life insurer, continues to be profit generating in 2022, supported by positive underwriting results, and partially offset by unfavorable investment results, says AM Best.
The Tunisian Insurance and Reinsurance Company (STAR), the biggest insurer in Tunisia based on revenue, has announced a net profit for the financial year ended 31 December 2022 of TND31.9m ($10.2m) against TND21.1 in 2021.
The premium income of the mainland Chinese insurance industry stood at CNY1.02tn ($149bn) in the first month of this year, representing a year-on-year increase of 3.8%, according to statistics released by the CBIRC on 21 March.
The insurance sector in Taiwan has the highest exposure to Credit Suisse at NT$108.2bn ($3.6bn) as of the end of January 2023, according to data from the Financial Supervisory Commission (FSC).
Provisional general insurance claims data for Cyclone Gabrielle, released by the Insurance Council of New Zealand (ICNZ) show that over 40,000 claims have been recorded to date, worth around NZ$890m ($557m).