Kuwait's Insurance Regulatory Unit (IRU) directed that insurance and reinsurance companies operating in the country obtain a credit rating from an accredited international agency that meets the prescribed minimum standards.
The acceleration in technological advancement, especially in artificial intelligence and image and sound processing, has led to increasing digital challenges, most notably the phenomenon of deepfakes, according to the Insurers Federation of Egypt (IFE).
OnRe, a global property and specialty reinsurer tokenised with ONyc, has announced a strategic partnership with Rhodium Re, a Dubai-based managing general agent (MGA), to expand global underwriting distribution for ONyc.