The insurance sector is expected to show improved performance this year, according to an analysis by BMCE Capital Research.
Total premiums in Egypt increased to EGP40.1bn ($2.55bn) in the 2020 fiscal year compared to EGP35.2bn in the previous year, an increase of 14%.
Climate change is likely to cause an uneven shifting of the tropical rain belt - a narrow band of heavy precipitation near the Equator - leading to increased flooding in parts of India according to a new study published in the journal Nature Climate Change.
A trio of Covid-19 related risks ranks at the top of Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (#1 with 41% responses) and Pandemic outbreak (#2 with 40%) are this year's top global business risks with Cyber incidents (#3 with 40%) ranking a close third.
Insurance revenue in the tourism and travel sectors have plunged due to the coronavirus crisis, with one estimate placing the decline at 90%.
Non-life insurers are bullish about business recovery prospects for this year as they expect an increase in the demand for insurance and protection products.
Moody's Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Fidelidade Macau - Insurance Company Limited (Fidelidade Macau). The outlook is stable.
China's insurance sector is forecast to record double-digit new business value growth this year, because of demand recovery and moderated asset/liabilities risk.
The CBIRC yesterday announced its decision to impose administrative supervision measures against Anxin Property & Casualty Insurance, which is an online-only insurer.
Willis Towers Watson, a leading global advisory, broking, and solutions company has added Shanghai to its global property and casualty hub, aimed at enhancing the company's global placement model for clients.