The National Financial Regulatory Administration (NFRA) has issued a notice, encouraging insurance companies to design property insurance products suitable for micro and small enterprises (MSEs).
The Insurers Federation of Egypt (IFE) has advocated for the development of a broader range of sustainable insurance products that meet environmental, social, and governance (ESG) standards.
The German state-owned development bank KfW has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI), becoming the 13th institutional shareholder in Africa's premier development insurer.
Fawry, a FinTech company, has obtained approval from the Financial Regulatory Authority to establish Fawry Microinsurance Company.
The minimum capital for a national microinsurance licence shall be NGN3bn ($2.2m), five times the current capital, according to guidelines issued by the National Insurance Commission (NAICOM).
Thailand is moving forward with plans to implement regulations requiring international tourists to obtain accident insurance before entering the country. The proposal comes amid a growing number of unpaid medical bills, which are placing increasing strain on the public healthcare system.
Sun Life Vietnam is estimated to have retained over 70% of the voluntary retirement insurance market share in Vietnam in 2025, underpinned by a strong financial position and a long-term investment strategy in the local market.
The central bank, National Bank of Ethiopia (NBE), has released two directives, one on the licensing and supervision of microinsurance agents and the other on the licensing of insurance broker.
Willis has launched a new art insurance facility designed specifically for individual collectors and art galleries in Asia.
The insurance industry is set to introduce a free 'mutual growth' insurance product for local small business owners and vulnerable groups across six regional governments --Gyeongnam, Gyeongbuk, Gwangju, Jeonnam, Jeju and Chungbuk -- by the third quarter of this year.