AM Best has assigned a Financial Strength Rating of 'B' (Fair) and a Long-Term Issuer Credit Rating of 'bb' (Fair) to Royal Insurance Company (Royal) (Egypt). Additionally, AM Best has assigned the Egypt National Scale Rating of 'aaa.EG' (Exceptional) to Royal. The outlook assigned to these Credit Ratings (ratings) is stable.
The Insurers Federation of Egypt (IFE) has affirmed that adopting AI technologies within the insurance sector is a strategic step toward developing the market, boosting competitiveness, and enhancing operational efficiency across all insurance branches.
The recent overlapping tropical storms and intense monsoon activity in Southeast Asia that began in November 2025 have affected over 11m people, leading to economic losses of over $30bn. The catastrophic events were driven by an unusual convergence of powerful weather systems in the region.
Lloyd's of London has signalled its intentions to enter the International Financial Services Centre (IFSC) GIFT City in India.
Taiwan's National Health Insurance Administration (NHIA) has decided to cover an expensive but effective gene therapy for a rare disease aromatic L-amino acid decarboxylase (AADC) deficiency.
The operating performance of Mongolian National Reinsurance (Mongolian Re) is viewed as adequate, says AM Best.
Ransomware is growing beyond traditional hotspots and in emerging economies, including Latin America, Africa, the Middle East, and Asia, according to a new research by cyber risk analyst firm CyberCube.
Oman's Financial Services Authority (FSA) has said that it has held discussions with insurance companies on developing a unified model for motor claims practices.
The Egyptian cabinet has approved the automatic enrolment of the country's vulnerable citizens into the state-run universal health insurance system.
China's top financial regulator, the National Financial Regulatory Administration (NFRA), has said that it will guide the insurance and banking sectors to fast-track financial services and support to aid relief efforts following the devastating residential building fire in Hong Kong on 25 November 2025.