The government is increasing the investment limit for pension funds and insurance companies in the capital market from 8% to 20% of their total investments.
Antananarivo-headquartered pan-African conglomerate AXIAN Group has announced that its subsidiary VIA Assurance has launched operations in Madagascar, following regulatory approval of a composite insurance licence.
The Syrian government has met the representatives of the International Finance Corporation (IFC) to review the potential contribution of the IFC-part of the World Bank Group-to reforming the Syrian financial sector, including the insurance market.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed that its second industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) is A$1,512m ($1,052bn).
Concerns have been raised over remarks in Parliament by the Finance Minister II suggesting that Employees Provident Fund (EPF) savings could be used to pay premiums for the proposed base medical health insurance and takaful (MHIT) plan.
The underwriting profitability of Qatar Insurance Company (QIC), among the leading insurers in the Middle East, has improved in recent years, evidenced by a net/gross combined ratio of 94.5% in the first nine months of 2025 and 95.5% in 2024, notes AM Best.
Saudi-based Wataniya Insurance improved its competitive position, despite challenging market conditions in 2025, S&P Global Ratings (S&P) has pointed out as it revised its outlook to "Positive" from "Stable" on the insurer's ratings.
Finance Minister Nirmala Sitharaman yesterday delivered the Union Budget for the fiscal year beginning on 1 April which contains several proposed measures that will have an impact on the insurance sector.
India's Union Minister for Finance and Corporate Affairs, Mrs Nirmala Sitharaman, yesterday presented the Union Budget for the financial year 2026-2027 in Parliament. Reacting to Mrs Sitharaman's nearly 90-minute-long Budget speech, the Indian insurance industry describes it as one that lays out the government's economic roadmap anchored in growth, investment and fiscal stability.
The proposed state-owned insurer TasInsure, to be set up by the Tasmanian government, would fall short of addressing the underlying drivers of insurance costs fully and expose Tasmanian taxpayers to significant financial losses, according to a new economic analysis.