Prime Minister Scott Morrison has warned that the sustainability of the National Disability Insurance Scheme (NDIS) is at stake unless its costs are curbed.
China Taiping Insurance Group's (TPG) financial performance remained 'Strong' despite challenging market conditions caused by the coronavirus pandemic, notes Fitch Ratings.
The Financial Regulatory Authority (FRA) has issued a decision to establish a pool under the auspices of the Egyptian Association for Travel Insurance to take over the management of the travel insurance branch for holders of passports issued by the Ministry of Interior.
Regional insurer Jubilee Holdings Ltd (JHL) and Germany's global insurer Allianz are eyeing entry into the Ethiopian market after the completion of their multimillion-dollar M&A deal.
Insurance companies in Nigeria have paid claims totalling NGN4bn ($10m) to date related to losses arising from the violence that erupted during #EndSARS protests last October.
The Indian insurance sector is at present on the cusp of a transformation, said Dr Subhash Khuntia who retired from his position as IRDAI chairman on 6 May.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed its initial insured loss estimate for the New South Wales and Queensland floods in March to be A$1,055m ($828m).
Ping An has retained the title of world's most valuable insurance brand, with a brand value of $44.8bn, according to Brand Finance's "Insurance 100 2021 ranking" report.
Just as insurance companies invest in retirement community development projects, the real estate sector is also entering the insurance field. An example of this is Evergrande Property Services Group's recent announcement that it plans to acquire an insurance brokerage licence.
The total gross premiums of Huatai Property & Casualty Insurance (Huatai P&C) decreased by 10% in 2020 to CNY7.3bn ($1.1bn), giving it a market share of about 0.5% in the Chinese non-life market, notes Fitch Ratings.