The insurance market in Tunisia managed to score double digit growth in the first three quarters of 2024, according to the General Insurance Authority (CGA).
Nepalese people affected by the devastating floods and consequential landslides that followed incessant rains in the country on 26 September 2024 have filed insurance claims worth NPR12.87bn for damages caused by the natural catastrophic events.
Sedgwick has appointed Mr Cameron Lee as CEO for Taiwan; Mr Huoo-Lian "Andy" Liou as chairman for Taiwan; Mr Shuji Tanaka as CEO for operations for Japan and Mr Takeshi Nagao as chairman for Japan.
A survey by LocalCircles India has revealed that the Indian health insurers over the last three years either rejected or approved only partially over 50% of the health insurance claims submitted by health insurance policyholders.
Indian life insurance sector as of 31 March 2024 held unclaimed amounts totalling INR200.62bn ($2.35bn) according to the Insurance Regulatory and Development Authority of India (IRDAI). According to IRDAI annual report for 2023-24 unclaimed amounts of life insurers at the beginning of the financial year 2023-24 was INR222.37bn.
The Insurance and Social Security Supervisory Authority (ACAPS) is preparing to expand the scope of activities of insurance intermediaries, that would mark a major turning point for them as the regulator integrates related services such as payment, administrative management on behalf of third parties and claims management, with broking services.
The National Insurance Commission (NAICOM) has directed insurance companies to settle all outstanding claims by 31 December 2024, in a move to ensure industry credibility and sustainable growth.
Premiums in the Egyptian insurance market jumped by 25.6% year on year to exceed EGP69bn ($1.4bn) in the first nine months of this year, according to data from the Financial Regulatory Authority (FRA).
Critical illness cases accounted for nearly half of Prudential's claims payouts in Hong Kong in the first half of this year, according to data released by the insurer.
Liberty Mutal Insurance has appointed to its recently formed APAC team Mr David Tam as chief information officer; Mr Robert Mercer as head of claims; Mr Tibor Nagy as CFO, effective 6 January 2025 and Ms Vidhi Kapoor as regional head of HR, effective 6 January 2025.