The growth in the insurance industry in Morocco is insufficient for all intermediaries, a large number of whom are heavily dependent on the motor branch and monitor their commission income closely, indicated Mr Farid Bensaid, president of the National Federation of Insurance Agents and Brokers (FNACAM).
Al Buhaira National Insurance Company (ABNIC) has appointed Mr Ahmed Khalifa as CEO, following the Central Bank of UAE's non-objection, according to a company disclosure filed with the Abu Dhabi Exchange.
Motor insurance premium rates will change on two fronts, according to Mr Mohamed Hassan Bensalah, president of the Moroccan Insurance Federation (FMA).
The Supreme Court of India has directed the integration of four major databases that hold vehicle, driving licence, accident report and insurance databases within four weeks to improve cross-checking of claims by the insurers and others.
Sedgwick has appointed Mr Chris Gibson as Managing Director, Middle East, leading the region.
SG Re has secured in-principle approval from the Monetary Authority of Singapore for registration as a general reinsurance broker, and will be commencing operations by October once its registration is complete.
Following Mr Tomas Kunzmann's appointment to the Allianz SE Board of Management, Allianz Group has announced Mr Philipp Kroetz as the new CEO of Allianz Partners.
Fifteen property and casualty insurance companies operating in Beijing have established the Beijing Motorcycle Online Insurance Platform, which officially went live on 28 September, according to a statement by the Beijing Financial Regulatory Bureau.
Allianz Insurance Singapore has promoted Ms Ong Bi Ying to the role of CEO.