The impact on Thailand's insurance industry of floods in parts of the country is manageable, says S&P Global Ratings (S&P).
African financial services group, Vista Group Holding, has launched Vista Assurances Burkina, a new entity called upon to offer innovative and accessible insurance solutions to the Burkinabe market.
The Insurance Authority and the Ministry of Human Resources and Social Development (MHRSD) have launched a new insurance service to protect the rights of expatriate workers in the private sector.
Growth in high-net-worth (HNW) wealth in Asia Pacific (APAC), notably in the region's emerging economies and China, continues to outperform globally. This will present a significant opportunity for insurers, according to a report by the Swiss Re Institute (SRI).
AM Best has revised the outlook for Indonesia's non-life insurance segment to 'Stable' from 'Negative'.
The number of people in China covered by unemployment insurance, under China's social insurance system, totalled 245m by the end of September, sources with the Ministry of Human Resources and Social Security say.
The insurance industry stabilised in 2023 following muted natural catastrophe events and the positive effects of strategic initiatives implemented by insurers over the last few years to moderate risk exposures, such as premium rate increases and underwriting limitations, according to KPMG South Africa.
Members of the Association of Insurers and Reinsurers of Developing Countries are meeting at the 23rd AIRDC International Conference in Thailand, the first time that the southeast Asian country is hosting the event (AIRDC 2024).
The destructive typhoon Yagi caused severe damage to 26 provinces and cities in northern Vietnam, including key economic zones like Hai Phong, Quang Ninh and Hanoi. These areas host significant industries, contributing 25.81% of GDP and 17.27% of Vietnam's export value, according to FiinGroup.