A total of about 130 executives at four major Japanese property and casualty insurance companies will see pay cuts of up to 50% for colluding to fix prices in contracts with corporate customers and government agencies, the companies have said.
Bangladesh is lagging in providing insurance education because of a reluctance among students to pursue insurance studies, educators say.
The chairman of the Oman Insurance Association, Mr Sayyid Nassir Salim Al Busaidi, has been appointed as the new president of the General Arab Insurance Federation (GAIF).
Union Insurance Company has appointed Mr Ramez Zaid as CEO to drive the company's strategic growth.
The Financial Services Commission (FSC) has issued a revision proposal related to an enforcement decree pertaining to the Act on Corporate Governance of Financial Companies.
The National Health Insurance Company - Daman, a subsidiary of PureHealth, has appointed Mr Khaled Ateeq Aldhaheri as CEO.
The Appointments Committee of the Cabinet (ACC) has approved the framing of guidelines for the appointment of executive directors (EDs) in government-controlled insurance companies.
Around 15 managing directors/CEOs and executive directors of 10 insurance companies have left their positions and their companies since the end of 2023, and more will follow.
Difficult decisions loom for Singapore's business leaders as heightened economic, regulatory and societal challenges mount according to specialist insurer Beazley's first Singapore Snapshot Survey Report - Risk & Resilience in a Time of Change.
The UK-headquartered Chartered Insurance Institute (CII) has announced that it has appointed Mr Yassir Albaharna, Group CEO and executive director of Trust Re in Bahrain, as Engagement Board Member (International) for a term of three years with effect from 1 January 2024.