The insurance industry has hailed Egypt's President Abdel Fattah El-Sisi's ending of the state of emergency in the country as a move which will boost the economy and benefit many sectors, including insurance.
A Swiss Re Institute research projects the digital property and casualty (P&C) personal lines market could reach a cumulative $7.5b in premiums over the next five years in South and Southeast Asia.
Digital payments and financial services firm Paytm yesterday announced that global reinsurer Swiss Re will buy a 23% stake in its insurance arm Paytm Insuretech (PIT) for about INR9.2bn ($122.6m).
The first General Insurance Industry Stress Test (GIIST) by the Reserve Bank of New Zealand (RBNZ) has highlighted the insurance industry's reliance on offshore reinsurance.
Alliance Insurance's strategic focus on underwriting profitability will support continued strong technical performance over the coming years, despite competitive market conditions prevailing in the UAE, says AM Best.
Mr Rafat Basim Faris has been named CEO of Lloyd's broker Fenchurch Faris with effect from 22 October 2021.
Insurance capacity to cover natural disasters is adequately available in ASEAN, despite the region's considerable natural catastrophe exposure.
The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) plans to increase its capital by 50% to boost its solvency and leverage business expansion opportunities.
The Australian Prudential Regulatory Authority (APRA) expects to release updated capital and reporting standards in late 2021 for further consultation, with final standards due to come into effect in 2023.
Zhonglu Property And Casualty Insurance has become the latest insurer to announce that it is increasing its capital.