Algeria: Agricultural disaster insurance scheme to be launched shortly

...regional banks and nearly 570 local offices.  ...

Kuwait: Regional insurer sees 5% fall in net profit in 1Q

...Gulf Insurance Group (GIG) has announced a net profit of KWD10.9m ($35.6m) for the quarter ended 31 March 2024, 5.2% lower compared to KWD11.5m for the corresponding quarter last year....

Egypt: Insurance industry discusses feasibility of forming a national reinsurer

...The amount of capital needed for the proposed establishment of a reinsurance company in Egypt with a high credit rating is estimated at $150m to $250m, according to Mr Gamal Sakr, African Reinsurance Company's regional director for North East Africa & Middle East....

MENA: Digital life insurer HAYAH shares insights into regional insurance developments

...regional insurance industry. Rihla by HAYAH features insights from renowned experts and illustrious figures in the field....

Australia: Bermuda-headquartered Everest launches operations Down Under

...regional underwriters to serve the growing needs of corporations across the Australian market....

Singapore: OCBC offers $1bn for remaining stake in Great Eastern held by other parties

...regional trade, investment and wealth flows. One of the growth drivers is to capture rising Asian wealth with its Singapore-Hong Kong-Dubai hubs and digital propositions....

West Africa: WAICA eyes harmonised insurance legislation

...regional collaboration; and political will....

Asia-Pacific: Hannover Re derives nearly 20% of gross reinsurance revenue from the region in 2023

Philippines: Reynaldo de Dios departs from insurance stage after 75 years of service

...regional market....

UAE: Anoud Tech launches operations in the emirates

...regional insurance industry, pledging delivery of the highest standards of service and responsiveness....

APAC: Chubb appoints new head of international personal lines

...regional portfolio manager for travel, APAC. Subsequently, she became Chubb’s Singapore business head of travel and division head of IPL. Ms Burke assumed h...

Qatar: QIC reports 11 % growth in 1Q net profits to over US$53m

...regional businesses, extending its exceptional digital offering, and strategically improving its international operations while reducing exposure to underperforming markets....

UAE: Global Association of InsurTech Professionals launched in Dubai

...regional chapters will facilitate local engagement, events, and initiatives, catering to specific regional needs, ensuring global representation and collaboration, and facilitating effective collabor...

Inflation main driver for rising cargo crimes

...regional or country-specific dangers. It also details crimes that employ various types of fraud, including identity theft, fictitious pick-ups and drop-offs and credit fraud....

Action needed to bridge $800bn Asian climate finance gap

...regional authorities need to sustain popular understanding and support for climate action. “Communicating the urgent need for action and demonstrating our collective resolve remain im...

Singapore: AIA opens wealth centre for high net-worth individuals

...One of Singapore's leading life insurers, AIA Singapore, yesterday launched AIA Wealth Centre, dedicated to serving regional and domestic affluent and high-net-worth (HNW) individuals and families....

Uganda: Huge growth potential to be tapped

...regional and foreign insurers who offer a wide range of products as the market continues to develop. In 2022,...

Hong Kong: Manulife and Standard Chartered announce bancassurance partnership for private banking

...Regional Head, Private Banking, Greater China & North Asia, Standard Chartered, said, "The collaboration is a great example of how our robust relationship with our business partners, and our...

NAFR stipulates main responsibilities in developing green insurance

...regional innovative protection mechanisms for green insurance products....

Southern Africa: Several drought-hit countries to receive weather insurance payouts

...regional director....

China: Economic data show short-term improvements

...Short-term improvements have been recorded in China's economic data with economic growth in the country at the beginning of this year driven by strong industrial value-added and investments, says Heng An Standard Life Asia (HASL Asia)....

Global: Munich Re appoints new leadership

...regional centre for P&C business in 2016. In APAC: Mr Ajeet Phatak as CEO Korea, effective 1 August 2...

Saudi Arabia: Allianz and ADNIC complete insurance M&A deal

...regional growth strategy...

Middle East: S&P says insurers currently broadly unaffected by Israel-Hamas conflict

...regional war....

Middle East: Iran's attack on Israel tests sovereign ratings in the region

...regional conflict. Nevertheless, the credit rating agency...

APAC: Miller appoints new cargo broker

...Miller has appointed Mr Alberto Ferriolo as cargo broker. In his new role, he will support Miller's clients and partners across APAC while working closely with Jamie Kearney, Miller's global head of cargo, and the team in London to offer regional clients service....

India: Aon appoints new CEO of reinsurance solutions

...regional and Singapore-based accounts...

Southeast Asia: Launch of region's first SEA Green Economy Index

...To better help Southeast Asian markets track decarbonisation progress, the region's first SEA Green Economy Index has been launched....

Japanese insurance giant establishes Indian subsidiary

...Nippon Life Insurance Company (Nippon Life) has announced that its subsidiary, Nippon Life Asia Pacific (Regional HQ) based in Singapore, obtained approval from Indian authorities on 10 April 2024 to establish a subsidiary in Mumbai....

Fitch revises outlook on China to 'Negative'

...regional government (LRG) finances remain constrained by declines in land-related revenue and high debt burdens. In 2024, the CG plans a CNY1tn ($138bn) (0.8% of GDP) ultra-long bond issuance, on top...

Wotton + Kearney sets sights on Singapore global insurance hub

...regional hub for the London and European insurance and reinsurance markets and gives Wotton + Kearney a platform to service the infrastructure, power gen and renewable energy growth across the region...

Unlocking Growth: Fanhua's Future in China's Brokerage Landscape

...Dive into our discussion with Fanhua Inc's Director & Chief Strategy Officer, Mr. Ben Lin, as he unveils how AI is transforming insurance sales. Learn about Fanhua's leadership in setting industry trends through its technology-focused platform, its agents' creation of digital content, and its forward-thinking strategy for regional growth....

Global: Canopius appoints new CEO of APAC and MENA

...Canopius has appointed Ms Lee Soon Keen as CEO of APAC and MENA, effective before the end of 2Q2024 and subject to regulatory approval. In her new role, she will lead Canopius's APAC business unit across both Singapore and Australia. She will also lead the regional executive committee and has been charged with continuing to evolve Canopius's APAC operations....

Vietnam: Biggest non-life insurer shows robust operating results

...regional industrial risk insurance segment....

East Africa: Insurance regulators release first regional strategic plan

...regional frameworks for information exchange, risk assessment, supervision, financial literacy, insurance education, and market conduct guidelines....

GCC: Revenue of 76 listed insurers rises by 19% to US$32.2bn in FY2023

...regional integration and group rebranding, that converted to an increase of 43.2% in revenue....

Asia: 1 April property reinsurance market softens somewhat

...regional insurers that renew at 1/1, the remainder of this year will be critical, says the report. Faced with the heightened frequency of natural catastrophes and increased net retentions, regional i...

Malaysia: Life Insurance Association appoints new leadership

...regional director of business development, CEO or group corporate solutions and president director of AIA Financial Indonesia Mr Ng has 30 years of experience, ha...

Singlife Philippines secures US$10m+ from Singapore parent

...regional plans and has set its sights on becoming an integrated omni-channel financial services firm in the region with a focus on customer centricity....

Asia: Around 60% of insurers polled will optimise fixed-income portfolio

...regional markets) are as follows:...

Bahrain: Leading insurer offers distance-based auto insurance

...Bahrain Kuwait Insurance Company (BKIC), which is part of the regional insurance group Gulf Insurance Group, has launched distance-based motor insurance, which it offers exclusively online....

Tanzania: Govt underscores its backing for insurance sector growth

...regional hub for insurance services, it could very well set in motion a ripple of financial innovation and integration in neighbouring economies. The country’s strategic position could thus be...

APAC: Allianz Trade appoints new regional head

...Allianz Trade has appointed Mr James Lie as regional head of e-commerce. Prior to Allianz Trade, Mr Lie accumulated over 15 years of experience in the trade credit insurance field. He joined Allianz Trade in 2018....

APAC: Guy Carpenter appoints new leadership

...Guy Carpenter has appointed Mr Ben Savill as CEO of Pacific, Mr Jeff Saper as head of GC facultative insurance, APAC and Mr Luc Moremont as regional sales leader, APAC. Mr Saper and Mr Moremont's roles will be effective from 1 July 2024....

CIMA: CICA-RE expected to continue to produce robust underwriting performance

...regional...

Oman: GIG Gulf secures approval to provide online insurance in sultanate

...regional composite insurer in the Middle East and North Africa, with a presence in 13 markets including Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and t...

Australia at risk of financial losses from climate change

...regional and remote communities; health and social support; infrastructure; defence and national security; communities and settlement; water security; supply chains; economy, trade and finance; and g...

Singapore: Singlife becomes fully owned subsidiary of Sumitomo Life

...regional expansion and grow as an integrated financial services company....

Asia Pacific: Mixed growth trends in life insurance market driven by shifting market dynamics

...Growth is set to pick up for life insurance business in some markets in the Asia Pacific while other markets are affected by interest rates, says S&P Global Ratings (S&P)....

Asia Pacific: Mixed growth trends in life insurance market driven by shifting market dynamics

...Growth is set to pick up for life insurance business in some markets in the Asia Pacific while other markets are affected by interest rates, says S&P Global Ratings (S&P)....