AcnTURK Holding, a company owned by intermediaries and which has a 100%-owned insurance company, plans to go public in 2026, according to Mr Murat Buyukcelebi, the company's chairman.
Three insurance companies were embroiled in fraud when they abused government incentives for projects that are deemed to be of national strategic importance, the National Audit Office (NAO) has reported.
The mainland Chinese insurance industry chalked up a cumulative insurance premium income of CNY2.95tn ($406bn) in the first five months of this year, representing a year-on-year increase of 4.6%, according to the National Financial Regulatory Administration (NFRA).
The Financial Services Authority (OJK) currently faces two big challenges in the insurance industry which must be resolved at the same time, according to Mr Ogi Prastomiyono, the regulatory agency's chief executive of Insurance, Guarantee and Pension Fund Supervision.
Emirates Insurance Co (EIC) will maintain its competitive position, premium growth trend, and positive underwriting performance, says S&P Global Ratings (S&P).
The UAE insurance sector continued to grow in 1Q2024, reflected by the increase of 18.5% year on year in gross written premiums to AED21.1bn ($5.7bn), according to the "Quarterly Economic Review June 2024" published by the Central Bank of the UAE.
Korean insurers are expected to sustain their profitability through continued growth in new contractual service margin (CSM), says Fitch Ratings.
The GST Council of India, chaired by Finance Minister Ms Nirmala Sitharaman, has clarified that no tax will be levied on co-insurance premiums and reinsurance commissions under the GST law.
The costliest home burglary claims in New Zealand arise from the theft of water heating systems, new AMI data reveals.
Arch Insurance (Arch) has appointed Ms Amanda Seng as Southern Region property underwriting manager, a newly created role. In her new role, she will be responsible for managing the underwriting activities across Arch's property portfolio for the Southern Region. She will also oversee product development.