The Nigerian Council of Registered Insurance Brokers (NCRIB) wants all officially approved residential properties in Nigeria to be insured, according to its president, Mr Babatunde Adeleke.
The number of shops in Egypt which have caught fire has increased recently, causing huge financial losses to the shopowners.
The Congolese insurance market posted total premiums of $320m in 2023, compared to a mere $70m in 2018, according to the director-general of the Insurance Regulatory and Control Authority in the DRC (ARCA), Alain Kanyinda.
The total premium production of the Turkish insurance companies in the first half of 2024 jumped by 80.8% compared to the corresponding six months in 2023.
The Insurance Association of China (IAC) has released the "2023 China Insurance Industry Social Responsibility Report". This is the fifth consecutive edition of the report, setting out how the insurance industry has been fulfilling social responsibilities.
China's five major 'A'-share listed insurance companies have announced their proposed dividend distribution for 2023 would amount to CNY75.52bn ($10.4bn) combined.
Continuous portfolio overhaul will likely help Sompo China sustain profitable underwriting, which aligns with the parent group's increasing focus on profitability, says S&P Global Ratings (S&P).
Japanese-related business, which accounted for 83% of Mitsui Sumitomo Insurance China's (MSI China) book, will remain the key contributor to the insurer's underwriting profit, says S&P Global Ratings (S&P).
Insurance companies and banks are looking for more guidance from the industry regulator on bancassurance operations following the issuance of new regulations.
Composite insurance rates in the Pacific region, comprising mainly the Australian market, declined by 5% in the second quarter of 2024, after falling by 2% in 1Q2024, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.