Britam Holdings is seeking opportunities to enter the massive but underserved insurance market in the Democratic Republic of Congo later this year, reported Bloomberg.
The Insurance Association of Turkiye (TSB) has started studies on strategies for the industry for the years 2025-2030, Mr Uger Gulen, the industry body's president, has revealed. The objective is to shape the TSB to better support all stakeholders and develop the industry.
National General Insurance Company (NGI) has a track record of strong operating performance and generated a return on equity of 14.4% in 2023 [2022: 9.1%] (as calculated by AM Best).
Premiums issued by insurance and reinsurance companies in Morocco reached MAD17.24bn ($1.73bn) in the first quarter of 2024, an increase of 1.8% compared to the corresponding quarter of the previous financial year, according to the Insurance and Social Security Supervisory Authority (ACAPS).
An open architecture for insurance agents, the review of rules covering investment distribution and the development of natural disaster insurance are among issues that the insurance industry in India wants the new federal government to address.
Minister of Treasury and Finance Mehmet Simsek has announced that Türkiye's compulsory earthquake insurance scheme, the Turkish Catastrophe Insurance Pool (TCIP) will be expanded to cover other disasters including flood, landslide, storm, hail, avalanche and forest fire.
The insurance market in Singapore continued to adjust to the evolution of risk over the past 12-24 months, noted Aon, a leading global insurance broking company.
Japanese insurance giant Mitsui Sumitomo Insurance's (MSI) operating performance has remained strong, said AM Best. It also said that this assessment continues to be supported by the company's consistent trend of steadily growing premium income in the past and a five-year average adjusted return-on-equity ratio of 5.4% (fiscal years 2018-2022), as calculated by the global credit rating agency.
S&P Global Ratings (S&P) says that it's too early to assess the full financial and ratings impact on South Africa's insurance sector of last week's extreme weather events in the South and East regions.
The Jordan Insurance Federation (JIF) held its annual meeting last week to discuss the Federation's annual administrative report for 2023 and review vital issues affecting the future of the insurance industry in Jordan as well as to elect a new board of directors for the coming term.