The Earthquake Commission (EQC) yesterday became the Natural Hazards Commission (NHC), reflecting its role in supporting New Zealanders to prepare for and recover from a range of natural hazards, not just earthquakes.
The new chairman of the General Insurance Association of Japan (GIAJ), Mr Hiroaki Shirota, has outlined the association's upcoming main initiatives.
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.