Cathay Century Insurance has plans to transform policyholder experience, including building a smart platform where backend agents will gain real-time insights on clients, enabling quick responses.
MAPFRE Sigorta's regulatory solvency ratio strengthened to 132% at end-2024 from 109% at end-2023, due to an increase in shareholders' equity arising from very strong retained earnings and capital provided by the parent, MAPFRE, says Fitch Ratings.
The Insurers Federation of Egypt (IFE) has recommended supporting the digitalisation of fire insurance policies to facilitate access to insurance coverage, especially in remote areas.
Turkish non-life insurers should benefit from improved operating conditions and stronger pricing in 2025, Fitch Ratings says in a report titled "Turkish Non-Life Insurance: Gradual Steps to Market Stabilisation".
Rising global temperatures pose an increasing risk to the resilience of well over half of the world's top 100 data centre hubs, according to a new research by the risk intelligence company Verisk Maplecroft.
An effective solution to mitigating the risks of natural disasters in South Africa is to establish a national Nat CAT insurance pool, according to the CEO of the non-life company PSG Insure, Mr Cedric Masondo.
The Central Bank of the UAE (CBUAE) has revoked the licence of Al Khazna Insurance Company (AKIC).
The Turkish Insurance Experts Association (TUSED), the Turkish Insurance Experts Association, has highlighted discrepancies in the prices and coverage offered in home insurance policies, following large-scale fires that have broken out across Türkiye in recent weeks.
China's financial regulator is stepping up efforts to rein in disorderly competition in the non-auto insurance market, issuing a draft circular aimed at enforcing stricter adherence to pre-approved policy terms and pricing-known as the 'unified reporting and sales' system.
These are the updates on insurance regulatory developments in China.