The Insurance Regulatory Commission of Sri Lanka (IRCSL) has announced plans to implement reforms aimed at strengthening the stability and resilience of the local insurance industry, as the sector grapples with economic challenges that have stalled its growth.
Taiwan's financial services sector has reduced its exposure to mainland China in the wake of uncertainties arising from the political and economic situation across the Taiwan Strait and the on-going Sino-US trade war.
The overall turnover of the six Tunisian (re)insurers listed on the Tunis bourse amounted to TND835.16m ($270.87m) in the first half of 2024, an increase of 10.3% compared to the corresponding half in 2023.
The National Agricultural Mutual Fund (CNMA) has announced that it would launch a new product for investors and farmers to insure their daily or seasonal workers hired during the various agricultural seasons for short periods.
Bahrain National Holding (BNH) has received a binding offer from Solidarity Group Holding for the acquisition of 100% of its wholly-owned insurance subsidiaries, BNH says in a stock exchange statement.
The insurance industry in Sri Lanka, as is the case with other economic sectors in the country, is poised to benefit from the ongoing economic recovery, Dr P Nandalal Weerasinghe, the governor of the Central Bank of Sri Lanka, has said.
SUNU Group, a leading pan-African insurance and financial services group, has managed to have a Property and Casualty (P&C) company in 17 countries on the continent, says Mr Mohamed Bah, managing director of the group.
The demand for warehouse insurance policies has increased in the post-rainy period as businesses are keen to protect goods stored in warehouses.
The operating performance of Malayan Insurance, one of the top three non-life insurers in the Philippines in terms of GWP and net income, is viewed as adequate, said AM Best.
The finalists for the 28th Asia Insurance Industry Awards have been revealed, with 47 of the region's top insurers, reinsurers, brokers, risk managers and service providers making the shortlist. The awards are well known for their stringent criteria and transparent selection process, overseen by a panel of expert judges from across the insurance industry.