Insurance companies operating in the Egyptian market chalked up a premium volume of EGP43.68bn ($899.5m) during the first six months of this year, growing by 22.1% from EGP35.77bn in the corresponding half in 2023, according to data from the Financial Regulatory Authority (FRA).
Residential property insurance should be made a requirement, much like motor third-party liability insurance, to protect against risks like damage caused by accidents and disasters. This message is being increasingly sounded.
China's five major 'A'-share listed insurance giants have released their interim financial statements for the first half of 2024. Among them, four have proposed paying interim dividends for the period.
China's biggest non-life insurance group, PICC, has reported a net profit of CNY31.5bn ($4.4bn) for the first half of this year, representing a year-on-year increase of 13.4%, according to interim financial statements released by the group.
The Pradhan Mantri Jan Dhan Yojana (PMJDY), which on 28 August 2024 marked the 10th anniversary of its establishment, has been hailed as a great success in boosting financial inclusion.
Australia's most visited comparison website, Finder, has announced the winners of its Insurance Customer Satisfaction Awards.
Twenty (20) direct insurers in Tunisia, whose financial statements are available, achieved a combined turnover in 2023 (measured by net premiums written) of TND2,803m ($923m), 6.9% higher compared to TND2,621m in 2022, according to an analysis by Tera Finances.
The General Insurance Code Governance Committee (CGC) says that training for external experts has emerged as an area needing improvement in the insurance sector.
An estimated 2m to 3m customer records were leaked in a data breach involving Japan's four leading property and casualty insurers, Kyodo News Agency reported, citing sources close to the matter.
Inflation is taking a toll on the insurance industry, particularly on motor insurance, which accounts for over 70% of the market.