Corporate and specialty insurer HDI Global SE has reported positive financial results for the full year of 2024 with growth in both revenue and earnings. The main drivers for this encouraging trend were the growth in new business and...
Taiyo Life Insurance has signed and closed a $4bn reinsurance transaction with Fortitude Re. Under the transaction, Taiyo Life has reinsured a significant portion of its whole life annuity business to Fortitude Re. Taiyo Life will continue to service and administer the reinsured policies.
Regulatory measures to strengthen the takaful system, macroeconomic stability, digitalisation and increased awareness of takaful products will support sustained growth of Malaysia's takaful sector in 2025, Fitch Ratings said in a new report.
Machine identity-related security incidents are on the rise, as the volume and complexity of machine identities continue to multiply, according to a report by cyber and identity security firm CyberArk.