The National Federation of Insurance Agents and Brokers (FNACAM) has signed strategic partnership agreements with two payments companies, CashPlus and Barid Cash.
Private-sector life insurers are preparing to adjust commission structures for distribution channels, following regulations that came into effect on 1 October requiring insurers to offer higher surrender values for endowment policies.
The push for insurance penetration at the gram-panchayat (village) level by the regulatory authorities is a great user-centric move, according to Mr Anup Rau, managing director and CEO, Future Generali India Insurance Company.
The Securities and Exchange Commission of Pakistan (SECP) has issued an exposure draft of regulatory requirements for the sale of life insurance savings products through technology-based distribution channels by life insurers.
Algeria's proposed new insurance law, whose enactment has been delayed, can address several challenges facing the insurance industry, according to Cash Assurances former CEO Mokhtar Naouri.
A new global survey of 1,800 supply-chain leaders has revealed that average response time for supply chains to respond to disruptions is five days, hindering progress on resiliency and risk mitigation.
Algérie Poste (AP), the state-owned company that provides postal services in Algeria, and the National Insurance Company (SAA), the biggest insurer in the country, have signed a service contract for insurance compensation payments through postal establishments.
The IRDAI will deploy bima vahaks (BVs) in every gram panchayat (cluster of villages) before 31 December 2024, the regulator said as it released guidelines for BVs on 9 October.
The lack of consumer trust in insurance companies can be attributed to the inefficiency of disruption methods adopted by insurance incumbents, according to a blog on the website of Wamda, which operates a platform of programs and networks that aims to accelerate entrepreneurship ecosystems across MENA.
The professional intermediary channel business including insurance brokerage has become the third largest distribution for life insurance companies in China after the personal agent and bancassurance channels. It is expected to develop at a relatively fast speed in the next few years.