The National Insurance Commission (NIC) has said that 98% of insurance entities in the country have met the minimum capital requirement that was announced in June 2019.
One of the UAE's biggest insurer, Sukoon (formerly called Oman Insurance Company) has a track record of strong operating performance, notes AM Best.
Orient Insurance, an Al-Futtaim Group company, has partnered with Jebel Ali Free Zone (Jafza), DP World's leading trade and logistics hub, to offer insurance solutions to more than 9,500 companies located in the free zone.
Zurich Financial Services Australia (Zurich) has launched Zurich Evolve, a new offering to protect the health and well-being of customers "at every stage of their lives".
The Victorian Government has announced in its 2023-24 Budget that it plans to abolish business insurance duty as it introduces tax reforms to help businesses and grow the economy.
The insurance sector in Bangladesh has the potential for rapid expansion and growth because of a number of favourable factors, including government support, according to the CEO of Zenith Islami Life Insurance Mr SM Nuruzzaman.
Insurance companies are looking at ways to reassure and retain customers, following several complaints about insurance sales at banks.
The UAE insurance sector continued to grow in 2022, with the number of licensed entities increasing by 5.53% to 553 in 2022 from 524 in 2021, according to the Central Bank of the UAE (CBUAE).
The prospective operating results of Qatar General Insurance & Reinsurance Company (QGIRC) are expected to be supported by the company's increased focus on selective underwriting, along with steady commission income, says AM Best.
Dalian Wanda Group is mulling the sale of as many as 20 shopping malls in wealthy areas of China, reported Bloomberg quoting people familiar with the matter, as the indebted conglomerate tries to avert a liquidity crunch.