The Insurers Federation of Egypt (IFE) has revealed that it is considering issuing new types of insurance policies, including pay-as-you-drive (PAYD) insurance and smart car insurance.
On June 26, ZhongAn Online, China's first internet-based insurer, announced plans for a share placement to raise approximately HK$3.9bn ($500m), pricing the shares at HK$18.25 each.
Tencent and Taikang Insurance Group have signed a new comprehensive strategic cooperation agreement to further advance digital transformation in insurance and healthcare services. According to local media reports, the agreement was formalised on June 27 at Shenzhen Qianhai Taikang Hospital.
The Insurance and Social Security Supervisory Authority (ACAPS) has launched a tender exercise inviting bids for conducting a study on the methods of monitoring and using artificial intelligence (AI) and new technologies in the insurance sector. The tender exercise was launched on 23 June 2025.
As the adoption of artificial intelligence (AI) systems accelerates globally, the International Association of Insurance Supervisors (IAIS) released on 2 July the final version of an application paper on supervision in this field to support the insurance industry. The association says in the paper that no new standards are proposed at this stage.
Only about one fourth (26%) of executives surveyed in Singapore consider cyber risk as their greatest threat, however, 87% believe they are prepared to counter the cyber risks, indicating a false sense of security according to a new report by specialist insurer Beazley.
Businesses should take a holistic approach by addressing people, processes and technology within their organisations, to mitigate effectively cyber risk in Singapore's evolving threat landscape, according to MSIG Singapore senior vice president (technical services) Jeremy Lian.
The Singapore cyber insurance market has seen some sharp shifts over the past year, said MSIG Singapore senior vice president (technical services) Jeremy Lian.
Heavy investments in insurer digital capabilities are now paying off in Bahrain, GIG Gulf general manager Bahrain Ahmed Marhamat Jahromi said to Middle East Insurance Review.
It was found that nearly all Singaporean respondents (89%) rated customer communications as important in their overall experience, with almost two-thirds (63%) saying that they would switch away from a company if communications did not meet their expectations, according to the 2025 Global B2C Benchmark Report by Smart Communications.