...non-life business increased by 9.27% to $21.8bn in 2017, while life grew strongly at 13.7% to $44.8bn. South Africa still dominates the largest market share of 71.7% of the continent’s premiums...Source : Africa | 17 Jun 2019
...The Insurance Council of Australia (ICA) is leading an industry-wide approach to further extend coverage in travel insurance policies for mental health conditions....Source : eDaily | 17 Jun 2019
...State oil refiner CPC Corporation has estimated its losses after insurance compensation from the burning of a tanker in the Sea of Oman at NT$8m ($254,000), reported Taiwan News....Source : eDaily | 17 Jun 2019
...The Intellectual Property Office of Singapore (IPOS), Lloyd's Asia and Antares Underwriting Asia have launched a new initiative to support innovative enterprises as they enter global markets....Source : eDaily | 17 Jun 2019
...non-life insurer would be an insurance giant on the lines of LIC, but operating in the general insurance space.
LIC itself was formed in 1956 by amalgamating 243 companies. The general insu...Source : eDaily | 17 Jun 2019
...non-life market as a whole.
In addition, Zking reported a net profit of CNY16m ($2.3m) for 2018, a plunge of around 80% from 2017. The company's net profit performance in recent years w...Source : eCin | 14 Jun 2019
...non-life premiums last year.
In contrast, pricing reform in the market for commercial motor insurance, which is voluntary, was implemented in 2015.
...Source : eCin | 14 Jun 2019
...non-life market at the end of April this year, of which 66 were domestic insurers. In comparison, at the end of April 2018, there were 87 non-life insurers in the market, of which 65 were locally own...Source : eCin | 14 Jun 2019
...Huddle Insurance, which calls itself a technology company that uses AI to improve insurance services, has launched Australia's first product to cover fully drivers in the event of a collision with a kangaroo or other animals....Source : eDaily | 14 Jun 2019
He said that currently PAI members are dominant in the life insurance sector. On the other hand, it is a challenge to find actuaries for the general insurance industry, r...Source : eDaily | 14 Jun 2019