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Saudi Arabia: Aggressive underwriting could plunge motor branch into losses of US$267m this year

Saudi Arabia's motor insurance sector is facing potential losses of up to SAR1bn ($266.5m) this year, according to a new report by Badri Management Consultancy, an international actuarial and risk advisory firm.


Morocco: Govt to revamp motor accident insurance compensation system

The Minister of Justice, Mr Abdellatif Ouahbi, has outlined several reforms to Morocco's motor accident insurance compensation system, aimed at modernising and enhancing protection for accident victims.

Lloyd's broker acquires a stake in Turkish insurance and reinsurance brokerage

Tysers Insurance Brokers, a leading international Lloyd's broker, has formed a strategic partnership with Ronesans Reinsurance & Insurance Brokerage (Ronesans), one of Türkiye's foremost insurance brokerages.

Other News

Africa

  • Nigeria: Heirs Insurance Group's insurance units receive strong ratings from pan-African agency

Asia

  • Indonesia: It is important to include protection against riots and civil commotion in insurance covers
  • South Korea: Depression cases surpass 1.1m in 2024
  • Lao PDR: Insurer makes a payout of $2m under the sovereign parametric insurance policy

China

  • Life insurance rate cut to 2.0% drives shift toward dividend products
  • 73 life insurers post combined net profit of $25.45bn in H1
  • China's top P&C insurers post stronger profits as combined ratios fall in H1 2025
Subscribe eChina

Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

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  • 4
    Tunisia:Insurance market grows by 11% in 1H2025 on buoyant life business
  • 5
    Bahrain:Solidarity Bahrain is the first insurer to implement advanced electronic key system

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