The Insurance and Pensions Commission (IPEC) says Zimbabwe should explore innovative solutions to help mitigate the impact of climate change-related risks and build resilience against its associated disasters.
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.
The Securities and Exchange Commission of Pakistan (SECP) has issued a report that explores inclusive insurance in Pakistan, highlighting its untapped market potential.
Global Risk Solutions (GRS), Liberty Mutual's global commercial and specialty (re)insurer and international insurance operations, has been restructured to bring together two business units in Asia - LSM and Asia Retail Markets - under a single unified strategy in the region.
The 3 April magnitude-7.2 Hualien earthquake has led to at least 472 insurance claims and resulted in losses amounting to at least NT$762m ($23.5m) as of 8 April, according to the Taiwan Residential Earthquake Insurance Fund (TREIF).
The UAE insurance sector posted higher premiums in the medical and property & liability insurance branches in 2023. But the industry needs to work on other areas too, says Mr Avinash Babur, CEO of InsuranceMarket.ae, an insurance brokerage which operates an online insurance platform.
The operating performance of Suez Canal Insurance (SCI) is assessed as adequate, according to AM Best. The insurer has reported a five-year (2019 - 2023) weighted average return-on-equity ratio of 15.8%.
The number of non-life insurance companies in Thailand is projected to be reduced to about 25-30 from the current number of about 50, according to Bangkok Insurance chairman Chai Sophonpanich. Bangkok Insurance is the third largest general insurer in the country.
Shanghai-headquartered multinational conglomerate Fosun International has reached an agreement with BNP Paribas Group to sell a stake in leading Belgian insurer Ageas to the latter's insurance subsidiary BNP Paribas Cardif.
The operating performance of Asuransi Astra Buana is assessed as strong, demonstrated by its five-year average combined ratio of 88.1% and return-on-equity ratio of 17.6% (2019-2023), according to AM Best.