Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
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 / 7 months ago
South Africa: Govt allocates US$1.4bn to maintain solvency of political risk and terrorism insurer
The government has allocated ZAR22bn ($1.4bn) for the South African Special Risk Insurance Association (Sasria) in the current financial year to assist the insurer...
The government has allocated ZAR22bn ($1.4bn) for the South African Special Risk Insurance Association (Sasria) in the current financial year to assist the insurer...
Article / 2 years ago
South Africa: Changes in political violence and terrorism insurance business spell opportunities
There has been a marked increase in demand for political violence and terrorism cover (PVT) from South African commercial clients following the riots...
There has been a marked increase in demand for political violence and terrorism cover (PVT) from South African commercial clients following the riots...
Article / 2 years ago
Ethiopia: Reinsurers advise insurance firms to avoid new political risks
Insurance companies in Ethiopia have been advised to suspend for now accepting new applications from customers seeking to buy political violence and terrorism cover...
Insurance companies in Ethiopia have been advised to suspend for now accepting new applications from customers seeking to buy political violence and terrorism cover...
Article / 2 years ago
Egypt: Insurance sector looks to faster growth as state of emergency ends
The insurance industry has hailed Egypt's President Abdel Fattah El-Sisi's ending of the state of emergency in the...
The insurance industry has hailed Egypt's President Abdel Fattah El-Sisi's ending of the state of emergency in the...
Article / 2 years ago
Lebanon: Insurers pay out less than 10% of claims 12 months after Beirut Port blast
Of an estimated $1.1bn in insured losses caused by the 4 August 2020 Beirut Port explosion, only about $100m have been paid to date, according to...
Of an estimated $1.1bn in insured losses caused by the 4 August 2020 Beirut Port explosion, only about $100m have been paid to date, according to...
Article / 3 years ago
Terrorism: Opportunities exist for competitive pricing
Rates for terrorism & political violence insurance are likely to be affected by local changes in threat, regardless of losses...
Rates for terrorism & political violence insurance are likely to be affected by local changes in threat, regardless of losses...
Article / 3 years ago
Lebanon: At least 16,000 Beirut Port-related claims amounting to US$1.1bn received
Insurers in Lebanon have received at least 16,000 claims for estimated losses of close to $1.1bn from last year's 4 August Beirut Port explosions...
Insurers in Lebanon have received at least 16,000 claims for estimated losses of close to $1.1bn from last year's 4 August Beirut Port explosions...
Article / 3 years ago
Lebanon: Insurers see huge support from reinsurers
Insurers have noticed huge support from reinsurers in relation to insured losses arising from the 4 August Beirut Port explosion, according to Mr Elie Torbey...
Insurers have noticed huge support from reinsurers in relation to insured losses arising from the 4 August Beirut Port explosion, according to Mr Elie Torbey...
Article / 3 years ago
Lebanon: Insurers' association estimates up to 30% of blast losses are insured
The Association of Insurance Companies in Lebanon (ACAL) has said that about 70% of the damages resulting from the 4 August devastating explosion in the Beirut port are not...
The Association of Insurance Companies in Lebanon (ACAL) has said that about 70% of the damages resulting from the 4 August devastating explosion in the Beirut port are not...
Article / 4 years ago