These are the updates on insurance regulation across China this week.
The State Secretariat for Foreign Trade at the Ministry of Industry and Trade has unveiled a public export credit insurance scheme to complement private-sector offerings. It will provide coverage of up to MAD7.5bn ($811m) on exports.
African Export-Import Bank (Afreximbank) and Nairobi-headquartered ZEP-RE (PTA Reinsurance Company) has launched the Trans-Africa Bond Alliance (TABA), a transformative initiative designed to bridge the insurance capacity gap and empower African contractors to secure more construction and procurement projects while boosting cross-border trade and enhancing the movement of goods and investment across Africa.
Allianz Trade has appointed Mr Philippe Dessèvre as global head of reinsurance of Allianz Trade and CEO of Euler Hermes Reinsurance, effective 1 October 2025 and subject to regulatory approval.
ETG Insurance & Risk Solutions (EIRS), an international multi-specialist insurance and reinsurance broker, has teamed up with AU Group, the leading Paris-headquartered trade credit and political risk insurance broker, to introduce Africa's first dedicated broking platform for trade credit and political risk insurance.
Tunisia has joined the African Trade & Investment Development Insurance (ATIDI) and will participate in its capital, under the terms of an agreement inked on 24 March 2025 between the Tunisian Economy and Planning Ministry and ATIDI.
Allianz Trade in APAC has appointed Mr Wongi Kim as country manager for South Korea, effective 1 April 2025. He will succeed Mr Andy Ryoo, who is retiring.
Insolvencies in Asia Pacific are anticipated to increase by +5% in 2025 (+1% without China) followed by +6% in 2026 (-4% without China), according to Allianz Trade in its latest Global Insolvency Report released earlier this week.
MSIG Asia has announced a strategic collaboration between MSIG USA, MSIG Singapore and MSIG Hong Kong to expand the Group's political risk and trade credit business in Asia.
Africa Specialty Risks (ASR), the Africa and Middle East focused (re)insurance group, announces the launch of the first Africa Focused Lloyd's Consortium.