FinTech start-up, OnePay, has developed self-service digital terminals, focused on insurance services in Morocco and Africa.
Companies may face 'heightened' and growing risk of political violence and civil protests driving losses through damage to buildings or business disruption according to a new report by Allianz Global Corporate & Specialty (AGCS).
India's four state-run general insurers are embracing digitisation in their motor insurance business to prevent ceding market share to private-sector rivals.
The Turkish Catastrophe Insurance Pool (TCIP) has made compensation payouts of around TRY520m ($27.6m) as of 20 February to policyholders whose homes were razed in the 6 February earthquakes.
The Insurance Association of Turkiye (TSB) has proposed several measures to facilitate quake claim payments.
Accumulated earthquake funds managed by the Natural Catastrophe Insurance Institution (DASK) stood at TRY23bn ($1.2bn) as of 10 February, according to the insurance pool in a statement.
Specific drivers will prevail in the insurance industry during 2023 and these will include ESG risks, geopolitics, technology change and claims inflation according to Kennedys, the global law firm in its annual forecast report for the insurance sector.
ZhongAn Online P&C Insurance, China's first online-only insurer, settled 428m claims lodged by 166m policyholders in 2022, with the total amount of claims paid for the year exceeding CNY11.9bn ($1.75bn).
The last flow of business interruption claims stemming from COVID-19-related lockdowns in the Gulf Cooperation Council region can be expected between now and the spring, according to Mr Wayne Jones, a partner based in global legal firm Clyde & Co's Dubai office, from where he heads up Clyde & Co's re/insurance team in the region.
The Financial Regulatory Authority (FRA) has issued new rules relating to claims settlement in the supplementary auto insurance branch.