Nearly two-thirds (62%) of respondents to a new survey in Japan do not plan to travel this year, with 92% citing a lack of money or high costs as the main reason.
Parcel theft, otherwise known as 'porch piracy' is an increasing concern among Australians, especially during peak seasons like Black Friday and Christmas, according to a report by Compare the Market that operates a price comparison platform.
The Tanzania Insurance Regulatory Authority (TIRA) has issued a notification, directing that all energy-related insurance risks must be directly underwritten through the Tanzania Energy Coinsurance Consortium (TECC).
Gulf Insurance Group (GIG) has increased its net insurance result by 39% to KWD8.7m ($28.2m) in the first quarter of 2025, up from KWD6.2m in the corresponding period last year, primarily driven by a significant improvement in the performance of its underlying insurance operations across the majority of its subsidiaries and lines of business.
Zurich has appointed to its Singapore Commercial Insurance business Ms Christy Yeo as head of property and Ms Wendy Ong as head of financial lines.
The absence of rains coupled with rising premium rates has led to insurance revenue growing by 21% in the first three months of 2025 in the UAE, reaching AED11.9bn ($3.2bn) versus AED9.8bn in the corresponding period last year, says Badri Management Consultancy, an international actuarial and risk consulting company.
Insurance companies operating in the Egyptian market posted combined pre-tax profits of EGP25.9bn ($513.3m) for the financial year ended 30 June 2024 (FY2024), compared to EGP14.06bn for the previous fiscal year, representing a growth rate of 84.2%, according to the annual statistical book issued by the Financial Regulatory Authority (FRA).
Rising costs, increased climate-related claims, and aggressive pricing strategies are putting pressure on margins across the industry, says Badri Management Consultancy, an international company specialising in actuarial and management consulting services.
A mid-7 magnitude rupture at the central-eastern Marmara Sea section would be likely to propagate eastward towards Istanbul, according to Dr Myrto Papaspiliou, head of International Catastrophe Model Research at Howden Re.
Orient Insurance, the UAE market leader in terms of insurance revenue and profits, has announced a net profit after tax of AED312.6m ($85.1m) for the first three months of this year, 4.1% higher compared to AED300.3m for the corresponding period in 2024.