The owner of the Jumbo Floating Restaurant says it will not be receiving any insurance payout after the restaurant capsized on 18 June, less than a week after being towed away from Aberdeen Harbour and into the South China Sea.
The African Insurance Organisation (AIO) will mark its 50th anniversary today in conjunction with the 48th annual AIO Conference and Annual General Assembly in Nairobi, Kenya.
Liability insurance should be made mandatory for common areas in residential estates, says the chairman of Baskent Insurance Agencies Association Mr Haci Ali Yucel.
More regulatory liberalisation, consolidation of regulations, and formation of a common software platform for health claims are some of the matters that will be discussed by the CEOs of the insurance companies with the sectoral regulator, said industry sources.
New research findings about the impact of the COVID-19 pandemic, on small and medium enterprises (SMEs) in New Zealand, suggest a gap between the changes business owners have made during the pandemic and the subsequent changes made to their insurance cover.
One of the UAE's biggest insurers, Oman Insurance Co (OIC), has completed the sale of its insurance operations in Turkey to VHV Reasürans, a company that is part of Germany's VHV Group.
The State Administration of Radio and Television and the Ministry of Culture and Tourism have issued jointly the Code of Conduct for live-streamers and online influencers who advocate products and services in professional fields.
P&C insurance companies closed down 489 branches or offices but opened 361 others in the period from 1 January to 21 June this year, according to data from the CBIRC. Thus, in the year to date, the network of non-life insurers has shrunk by 128 outlets.
The PICC Group's Hong Kong unit --The People's Insurance Company of China (Hong Kong) [PICC HK] -- has established an insurance broker in the territory, after obtaining approval for a broking licence earlier this year.
China's largest non-life insurer, PICC Property & Casualty, and the Pricing Department of the National Development and Reform Commission have signed a strategic cooperation agreement to work together on investigations into agricultural product costs and to build jointly a new platform and new model to safeguard food security and protect agriculture, rural areas and farmers.