Thailand's insurance regulator, the Office of Insurance Commission (OIC), has been working with the relevant organisations, such as the Insurance Assessors Association and the Thai Loss Surveyors and Assessors Association, to coordinate the system for receiving damage notifications relating to insured buildings.
In Asia, the construction industry is set to experience continued growth this year because of both government stimulus and private investments.
While 82.9% of Australian air passengers do buy travel insurance, 43.9% did not lodge claims for lost bags, according to the findings of a survey released by Compare the Market, a price comparison website. The survey also found that 8.3% were reimbursed whereas 30.7% were not.
Côte d'Ivoire collected FCFA594.8bn ($1.03bn) in insurance premiums in 2023, compared to Cameroon's FCFA270.6bn and Senegal's FCFA268.6bn,according to the latest available figures from the Federation of African National Insurance Companies (FANAF).
Listed insurance companies in Saudi Arabia recorded a 15.2% growth in insurance revenue to SAR66.4bn ($17.7bn), compared to SAR57.7bn in 2023.
The Uganda Insurers Association (UIA) is working on an initiative named the Insurance Literacy and Market Development Agenda to increase public awareness of insurance in the country, according to Mr Jonan Kisakye, CEO of the association.
Canopius has appointed Mr Andrew Ziolkowski as the new head of Australia and New Zealand, effective October 2025 and Mr Craig Elliot as head of distribution for Australia and New Zealand.
The Company for Cooperative Insurance (Tawuniya has announced its board's recommendation to pay cash dividends totalling SAR225m ($60m) for 2024.
Nigeria's National Emergency Management Agency (NEMA) has sounded the necessity to explore risk financing options that will guarantee early recovery from disasters and business continuity.
The insurance industry is projected to increase total premiums by 35-40% in 2025, as inflation slows, according to data from the Insurance Association of Turkiye (TSB).