One of the world's biggest reinsurers, Hannover Re, is strengthening its focus on Asia as a growth region.
Financial, digital, business interruption and pandemic concerns top the list of macro risks for mid-sized company leaders.
As post-COVID recovery continues worldwide, the DIFC Insurance Association (DIFCIA) is set to enter its next stage of evolution and embrace the future with 'DIFCIA 2.0'.
To simplify and standardise the procedure for the approval of directors and CEOs of insurance companies, the Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Insurance Companies (Sound and Prudent Management) Regulations, 2012.
The Finance Ministry has announced a management reshuffle affecting five state-owned (re) insurers. The revamp took effect on 12 July 2022.
The government has established the Financial Services Institutions Bureau (FSIB), which replaces the Banks Board Bureau (BBB).
More regulatory liberalisation, consolidation of regulations, and formation of a common software platform for health claims are some of the matters that will be discussed by the CEOs of the insurance companies with the sectoral regulator, said industry sources.
The chairman and general manager of the non-life insurer, Funde Property & Casualty Insurance, have been dismissed from their posts on the same day, a move which is unusual in the insurance market.
The Central Commission for Discipline Inspection (CCDI) and the National Supervision Commission (NSC) announced on 31 May that Lin Zhiyong, a former secretary of the party committee and president of PICC P&C Insurance was suspected of serious violations of discipline and the law. He is currently facing an investigation.
Sydney-headquartered QBE Re has announced significant changes to its organisational structure as part of its strategy to further align and unify the global structure of the business.