Insurers in Turkiye have received more than 800 claims for damage caused by floods in Istanbul, the country's economic hub, amid the heaviest rainfall in the metropolis in at least 80 years.
The biggest insurer in Algeria, National Insurance Company (SAA) and the state-owned commercial bank CNEP-Banque have signed an agreement relating to comprehensive insurance for buses financed under the Public Passenger Transport (TPV) loan programme, according to a joint statement released by the two parties.
Canadian insurance and investment holding company Fairfax Financial Holdings has been selected as the strategic buyer for a 60.72% stake in IDBI Bank, an Indian commercial bank. The move includes plans to combine the lender with Fairfax's insurance and investment banking businesses.
The total number of insurance policies taken out for two-wheeled motorcycles in Tunisia is expected to reach nearly 40,900 vehicles by the end of 2026, representing an estimated increase of 100% compared to 2025.
In connection with the official opening of Huanggang Port on 12 October 2026, the Hong Kong Special Administrative Region (SAR) government has entered into a market agreement with 45 insurers to extend the scope of coverage of their existing mandatory motor and employees' compensation insurance policies to the Huanggang Port Hong Kong Port Area (HKPA).
Shinhan Financial Group has signed a stock purchase contract to acquire a 77.04% stake in Lotte Non-Life Insurance from JKL Partners for KRW693.3bn ($515m), marking a major move to expand its non-banking portfolio and elevate its standing in South Korea's non-life insurance sector.
AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
The growth in the insurance industry in Morocco is insufficient for all intermediaries, a large number of whom are heavily dependent on the motor branch and monitor their commission income closely, indicated Mr Farid Bensaid, president of the National Federation of Insurance Agents and Brokers (FNACAM).
Al Buhaira National Insurance Company (ABNIC) has appointed Mr Ahmed Khalifa as CEO, following the Central Bank of UAE's non-objection, according to a company disclosure filed with the Abu Dhabi Exchange.
Motor insurance premium rates will change on two fronts, according to Mr Mohamed Hassan Bensalah, president of the Moroccan Insurance Federation (FMA).