High inflation and interest rates, attracting and retaining talent and digital transformation will have the greatest impact on the European insurers' ability to secure future revenue growth in 2024 according to a survey conducted by WTW.
Vietnam's non-life insurance market will likely resume its growth momentum as global demand recovers and benefits the domestic economy, according to Mr Ken Lau, senior financial analyst at AM Best.
The state-owned Sri Lanka Insurance Corporation (SLIC), the biggest composite insurer in the country, will be split into two entities, one relating to life insurance and the other to general insurance.
The operating performance of Petrolimex Insurance Corporation (PJICO) is regarded as adequate, evidenced by a five-year weighted average return-on-equity ratio and combined ratio of 12.2% and 97.1% (2018-2022), respectively, says AM Best.
The National Economic Council has strongly advised Nigeria to implement a national insurance policy against disasters, Minister of Budget and Economic Planning, Atiku Bagudu, said at a media briefing after the 137th council's meeting.
The impact of crime in South Africa is estimated to be at least 10% of GDP per year, comprising transfer, protection, and opportunity costs, says the World Bank.
Shareholders of Kuwait-headquartered Gulf Insurance Group (GIG) have approved the group's exit from the Syrian market and the sale of its subsidiary, Syrian Kuwaiti Insurance.
Private general insurers increased their combined market share to 53.58% in gross direct premium underwritten in the first half of the current financial year ending 31 March 2024 (FY2024) from 50.81% in the corresponding half last year.
The Insurance Council of Australia (ICA) has released an updated version of its climate change roadmap, outlining the industry's commitment to achieving net zero emissions by 2030 for operations and 2050 across the entire value chain.
The Government Service Insurance System (GSIS) is working with the Japan International Cooperation Agency (JICA) to improve the protection of public properties and assets against disasters.