Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
Tunisia: Islamic bank gains control of Shariah-compliant insurer
The Financial Market Council (CMF) has given its approval for the Islamic bank, Wifak Bank, to acquire a block of shares in Assurances at-Takafulia...
The Financial Market Council (CMF) has given its approval for the Islamic bank, Wifak Bank, to acquire a block of shares in Assurances at-Takafulia...
Article / 2 years ago
Africa: Alliance formed to counter nature-related risks
A group of leading financial institutions from across Africa has rallied together with Ghana's Ministry of Environment, Science, Technology & Innovation (MESTI)...
A group of leading financial institutions from across Africa has rallied together with Ghana's Ministry of Environment, Science, Technology & Innovation (MESTI)...
Article / 2 years ago
Saudi Arabia: SAMA issues cyber intelligence principles to tackle cyber threats
Saudi Arabia's Central Bank (SAMA) has said a change has been observed in the financial sector's cyber threat landscape, with moves by Advance Persistence Threat "APT" groups targeting the financial sector.
Saudi Arabia's Central Bank (SAMA) has said a change has been observed in the financial sector's cyber threat landscape, with moves by Advance Persistence Threat "APT" groups targeting the financial sector.
Article / 2 years ago
Takaful: Bank Negara Malaysia releases financial reporting policy for takaful operators
Bank Negara Malaysia (BNM), the central bank of the southeast Asian country, has published a policy document that sets out revised requirements...
Bank Negara Malaysia (BNM), the central bank of the southeast Asian country, has published a policy document that sets out revised requirements...
Article / 2 years ago
Tanzania: Regulator urges banks to tap insurance business
Banks and other financial institutions in Tanzania have a lot of opportunities to tap the insurance sector for business and spur national socioeconomic development...
Banks and other financial institutions in Tanzania have a lot of opportunities to tap the insurance sector for business and spur national socioeconomic development...
Article / 2 years ago
Tanzania: Bancassurance contributes 20% of total insurance premiums
Banks now account for 19.9% of the total premium income of the insurance market, barely two years since lenders took up bancassurance...
Banks now account for 19.9% of the total premium income of the insurance market, barely two years since lenders took up bancassurance...
Article / 2 years ago
Tunisia: IFRS standards to apply wef 1 Jan 2023
International financial reporting standards (IFRS) should be adopted for accounting years beginning on or after 1 January 2023, for the consolidated financial...
International financial reporting standards (IFRS) should be adopted for accounting years beginning on or after 1 January 2023, for the consolidated financial...
Article / 2 years ago
Saudi Arabia: Central bank in joint projects to develop a raft of insurance products
The Saudi Central Bank is currently working on several projects to develop financial products in more...
The Saudi Central Bank is currently working on several projects to develop financial products in more...
Article / 2 years ago
UAE: Bank to take action against insurers to recover loans
Dubai Islamic Bank (DIB) has said that it intends to make legal claims on insurance companies to get them...
Dubai Islamic Bank (DIB) has said that it intends to make legal claims on insurance companies to get them...
Article / 3 years ago
Dubai: Emirates NBD divests all remaining shares in National General Insurance
Emirates NBD, the biggest Dubai bank said yesterday that it had sold 22,778,049 shares in National General Insurance...
Emirates NBD, the biggest Dubai bank said yesterday that it had sold 22,778,049 shares in National General Insurance...
Article / 3 years ago