TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
Turkiye: Duration of war risk offers slashed to 24 hours from 7 days
War risk premiums appear to have soared from approximately 0.1% of the value of a ship to 0.7-1%, given the perils faced by commercial ships in the Red Sea, says the Insurance Association of Turkiye (TSB)...
War risk premiums appear to have soared from approximately 0.1% of the value of a ship to 0.7-1%, given the perils faced by commercial ships in the Red Sea, says the Insurance Association of Turkiye (TSB)...
Article / 1 month ago
South Africa: Insurance premiums expected to increase due to impact of climate change
Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, reported Bloomberg, quoting a top official at its biggest insurer by assets.
Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, reported Bloomberg, quoting a top official at its biggest insurer by assets.
Article / 2 months ago
Egypt: Motor insurance premium rates jump by 30% in the year to date
Auto insurance premium rates in the Egyptian market have jumped by up to 30% since the beginning of 2023...
Auto insurance premium rates in the Egyptian market have jumped by up to 30% since the beginning of 2023...
Article / 5 months ago
Egypt: Gaza conflict pushes demand for political violence insurance up by 25%
The demand for political violence insurance coverage has increased by 25% during the current period due to the Gaza War and its repercussions...
The demand for political violence insurance coverage has increased by 25% during the current period due to the Gaza War and its repercussions...
Article / 5 months ago
Middle East: Events in Gaza cast a shadow over Arab insurance markets
The insurance sector is anticipating an increase in the prices of political violence coverage in the region, including Egypt, in the wake of the Israel-Hamas conflict.
The insurance sector is anticipating an increase in the prices of political violence coverage in the region, including Egypt, in the wake of the Israel-Hamas conflict.
Article / 7 months ago
Turkiye: High reinsurance premiums are inevitable in 2024
Reinsurance premiums have been raised due to the increasing natural disasters all over the world, which include the 6 February Kahramanmaras earthquake in Turkiye
Reinsurance premiums have been raised due to the increasing natural disasters all over the world, which include the 6 February Kahramanmaras earthquake in Turkiye
Article / 7 months ago
South Africa: Riots and terrorism insurance market hardens
The riots, strikes and terrorism market in South Africa experienced the first hardening since its birth past 9/11 and continues to harden, says global insurance broker Aon in its "Insurance State of the Market 2023" report.
The riots, strikes and terrorism market in South Africa experienced the first hardening since its birth past 9/11 and continues to harden, says global insurance broker Aon in its "Insurance State of the Market 2023" report.
Article / 8 months ago
Turkiye: Reinsurance capacity expected to shrink, premiums to skyrocket
Reinsurance capacity is expected to shrink and reinsurance premiums will increase by 25-40% in dollar terms, with the fire and engineering branches to be hit the most.
Reinsurance capacity is expected to shrink and reinsurance premiums will increase by 25-40% in dollar terms, with the fire and engineering branches to be hit the most.
Article / 10 months ago
Tunisia: Insurers see premium growth in 1Q driven by inflation
The turnover of insurance companies in Tunisia grew by 7.5% during the first quarter of 2023 to TND1,075.4m ($346m), compared to the corresponding quarter in 2022...
The turnover of insurance companies in Tunisia grew by 7.5% during the first quarter of 2023 to TND1,075.4m ($346m), compared to the corresponding quarter in 2022...
Article / 10 months ago
Egypt: Insurers to face tight renewal terms in July
Insurance companies that will be renewing their reinsurance agreements in July are facing tight conditions in the credit, medical, marine, and natural disaster branches.
Insurance companies that will be renewing their reinsurance agreements in July are facing tight conditions in the credit, medical, marine, and natural disaster branches.
Article / 11 months ago