The Nigerian Council of Registered Insurance Brokers (NCRIB) has renewed its call for greater unity across the insurance industry, saying enhanced collaboration among market participants could unlock substantial economic value for Nigeria.
The Insurers Federation of Egypt (IFE) has identified four main pillars to bridge protection gaps and advance insurance inclusion in the market.
Vitarich Corp. announced on Monday that it has signed a PHP400m ($7.1m) compromise agreement with AXA Philippines Life and General Insurance Corp to resolve a long-standing dispute related to damages from Typhoon Ondoy in 2009.
The Reserve Bank of India's (RBI) Central Board has endorsed a transition to a risk-based deposit insurance system, where banks' contributions to the insurance pool will fluctuate according to their risk profiles, according to media reports.
A new framework cooperation agreement between Moroccan Supervisory Authority of Insurance and Social Welfare (ACAPS) and Mohammed VI Polytechnic University (UM6P) will give a boost to development of research and financial education in the insurance and social welfare sectors in the country.
Nigerian insurer Guinea Insurance has secured shareholders' approval to significantly bolster its capital base, approving plans to raise up to NGN15bn ($10.9m) in fresh equity and increasing its minimum issued share capital to NGN19bn, as the company positions itself to meet regulatory requirements and pursue growth opportunities.
The main drivers of increased technology spending on asset liability management are regulatory demands, including heightened requirements for stress testing, solvency reporting, and risk disclosures, according to research from international FinTech company Clearwater Analytics (CWAN).
Globally, Asian organisations are least confident about their overall cyber risk strategies according to a new global survey conducted by global insurance broking firm Marsh.
Finance alone is not the answer to closing to China's Nat CAT-related economic losses, according to Mr Beat Strebel, Swiss Re's chief executive of Reinsurance China and country president for China.
The Shandong Bureau of the National Financial Regulatory Administration (NFRA) has approved Fuze Life Insurance to take over the insurance business of the troubled JK Life Insurance Corp, according to a regulatory filing published on 16 December.