The Economic Investigation Unit of the Municipal Public Security Bureau of Nantong City in Jiangsu Province received a report in February 2023 that a metal products manufacturer had experienced an unusually high frequency of insurance incidents for at least three years in a row and was suspected of committing insurance fraud. This led to the uncovering of a massive insurance fraud case spanning nine provinces and involving CNY270m ($38.2m).
The total gross premiums of insurers in Hong Kong saw a 10% increase in 2024, according to data released by the territory's Insurance Authority on 5 December.
Saudi Arabia's insurance companies registered double-digit in top line while profitability dropped sharply, according to the Insurance Authority's recently released report "Insurance Sector 3rd Quarter Report - 2025".
Takaful companies in the UAE posted a 23% jump in insurance revenue in the first three quarters of this year (3Q2025) to AED3.7bn ($1.0bn), a jump of 23% over the AED3.0bn reported for the corresponding period of 2024, according to BADRI Management Consultancy, an international and risk consulting firm.
The Central Bank of Mauritania (BCM) aims to launch a comprehensive reform process for the insurance sector in Mauritania, strengthen its economic and investment role, and develop its legal and institutional framework to enable it to adapt to economic changes and provide more effective protection for policyholders.
Aon has appointed Mr Richard "Dickie" Norman as Senior Broker within its Reinsurance Solutions Global ReSpecialty Property Team, effective 1 January 2026.
Insurers' creditworthiness in Saudi Arabia, the UAE, South Africa, Turkiye, and Kazakhstan will remain resilient in 2026, S&P Global Ratings (S&P) has forecast.
The Insurance Council of Australia (ICA) has warned residents affected by last month's severe storm and hail event to be wary of disaster chasers.
The Central Commission for Discipline Inspection and the National Supervisory Commission have issued an official statement confirming that they have launched an investigation into PICC P&C President Yu Ze.