TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
UAE: Insurers willing to insure commercial property risks at the appropriate price
Insurance companies are willing to insure industrial and commercial facilities that take risk mitigation measures, according to Minister of State for Financial Affairs Mohammed bin Hadi Al-Husseini.
Insurance companies are willing to insure industrial and commercial facilities that take risk mitigation measures, according to Minister of State for Financial Affairs Mohammed bin Hadi Al-Husseini.
Article / 10 days ago
India, Middle East, and Africa rates dip in all major product lines
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...
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...
Article / 11 days ago
Saudi Arabia: Govt to insure historical sites
The Ministry of Culture and the Insurance Authority are working together on a project to insure historical buildings.
The Ministry of Culture and the Insurance Authority are working together on a project to insure historical buildings.
Article / 15 days ago
Oman: Call for action amidst flood carnage
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.
Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.
Article / 22 days ago
Turkiye: Agricultural insurance pool pays out US$1.2m promptly for tornado damage
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the southern province of Antalya whose crops were damaged by a recent tornado...
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the southern province of Antalya whose crops were damaged by a recent tornado...
Article / 2 months ago
Turkiye: Call made for insurance to be mandatory for factories
The insurance industry in Turkiye faces several challenges, according to the chairman of the Istanbul Chamber of Industry, Mr Erdal Bahcivan.
The insurance industry in Turkiye faces several challenges, according to the chairman of the Istanbul Chamber of Industry, Mr Erdal Bahcivan.
Article / 2 months ago
Türkiye: Spike in quake insurance sales lasts for 3 months after Feb 2023 disaster
Insurance sales jumped immediately after the devastating February 2023 7.8 magnitude earthquake, but this spike lasted for around three months only, according to Insurance Association of Türkiye (TSB) member of the board Yavuz Olken.
Insurance sales jumped immediately after the devastating February 2023 7.8 magnitude earthquake, but this spike lasted for around three months only, according to Insurance Association of Türkiye (TSB) member of the board Yavuz Olken.
Article / 3 months ago
Turkish insurers cover insured losses estimated at more than $5bn from Kahramanmaras Earthquake
Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in compensation claims as of 5 February 2024 related to the massive 6 February earthquakes in 2023
Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in compensation claims as of 5 February 2024 related to the massive 6 February earthquakes in 2023
Article / 3 months 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 / 3 months ago
Morocco: Parametric insurance pool pays out US$275m for Sep 2023 quake
A parametric insurance pool brokered by Gallagher Re has paid compensation of $275m to Morocco's Solidarity Fund against Catastrophic Events (FSEC), relating to the September 2023 M6.8 Al Haouz earthquake.
A parametric insurance pool brokered by Gallagher Re has paid compensation of $275m to Morocco's Solidarity Fund against Catastrophic Events (FSEC), relating to the September 2023 M6.8 Al Haouz earthquake.
Article / 3 months ago
