Since the beginning of this year, listed companies have shown an increasing enthusiasm for Directors & Officers (D&O) liability insurance. This is attributed largely to the new Company Law, scheduled to take effect on 1 July 2024. The revised Company Law establishes for the first time D&O liability insurance through legislation.
The Philippines' general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.5% from PHP145.4bn ($2.6bn) in 2024 to PHP209.0bn ($3.8bn) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company.
The Australian insurance sector will remain resilient as operating challenges ease in the next few years. Insurers will likely respond to moderating inflation with lower premium hikes, however profitability should remain sound across all segments, said S&P Global Ratings (S&P).
Senangdali, a Philippine subsidiary of the Malaysian InsurTech firm Senang.io, is working with GoodTech, a FinTech company linking farmers and homebuyers, merchants and gig workers, with rural financial institutions, to offer loan protection to rural banks.
The Insurance Council of Australia (ICA) says that it welcomes Australian Government initiatives designed to improve access to home ownership in Australia, adding that lenders mortgage insurance (LMI) is a crucial but sometimes overlooked component of the Australian home lending market.
The insurance sector can play a pivotal role in Kenya's economic recovery. In particular, financial lines can provide the stability that businesses in the country look for, according to Mr Steven Oluoch, CEO of MNK Re Kenya.
Insurance rates in the Pacific region declined by 2% in the first quarter of 2024, according to the "Global Insurance Market Index" published by Marsh.
High inflation is a primary macroeconomic driver of cargo crime patterns and the rise in food and beverages as a stolen commodity is one such indicator according to annual Cargo Theft Report 2023.
Insurance rates in the first quarter of 2024 declined 2% in the IMEA region, where rates for large and complex organizations are often driven or influenced by the reinsurance market, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.
Insurance rates in the first quarter of 2024 in Asia declined 2% after being flat for the three prior quarters, according to the "Global Insurance Market Index" published by the world's biggest insurance broking group Marsh.