Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
Egypt: Tender exercise launched for insurance cover for 2024 Olympic participants
Four insurance companies are vying to provide accident insurance coverage to sports personnel who will be participating in the 2024 Paris Olympics.
Four insurance companies are vying to provide accident insurance coverage to sports personnel who will be participating in the 2024 Paris Olympics.
Article / 2 months ago
Yemen: Insurance companies exclude war risks in marine insurance policies
Several insurers are excluding war risk in marine insurance policies involving Yemen, after the Houthis who control parts of the country announced on 31 October that they would join the ongoing conflict between Israel and Hamas.
Several insurers are excluding war risk in marine insurance policies involving Yemen, after the Houthis who control parts of the country announced on 31 October that they would join the ongoing conflict between Israel and Hamas.
Article / 4 months ago
South Africa: Brokers to continue to vie for business with direct channels
Competition between direct channels and brokers will undoubtedly continue, according to the "2022/2023 Santam Insurance Barometer Report" released by South Africa's largest short-term insurer.
Competition between direct channels and brokers will undoubtedly continue, according to the "2022/2023 Santam Insurance Barometer Report" released by South Africa's largest short-term insurer.
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 / 6 months ago
South Africa: Lower capacity for risks continues in P&C insurance market
The South African P&C insurance market continues to see reduced capacity on risks, making it challenging to secure coverage with carriers, says Aon in its "Insurance State of the Market 2023".
The South African P&C insurance market continues to see reduced capacity on risks, making it challenging to secure coverage with carriers, says Aon in its "Insurance State of the Market 2023".
Article / 7 months ago
Africa: Domestic insurers concerned about business underwritten overseas
The insurance industry in Africa fear that business placed outside the continent have become so huge that African insurers have in most cases acted as agents to overseas insurers.
The insurance industry in Africa fear that business placed outside the continent have become so huge that African insurers have in most cases acted as agents to overseas insurers.
Article / 11 months ago
MENA: FAIR urges insurers to review technical reserves in the face of inflation challenge
Insurers have to undertake a review of technical provisions as a necessary task so as to minimise the impact of the current global wave of inflation on insurance activities
Insurers have to undertake a review of technical provisions as a necessary task so as to minimise the impact of the current global wave of inflation on insurance activities
Article / 2 years ago
UAE: Working week changes to 4.5 days, weekends fall on Sat-Sun wef 1 Jan
The UAE Government announced yesterday that the country would adopt a new four-and-a-half-day working week, effective from 1 January, 2022...
The UAE Government announced yesterday that the country would adopt a new four-and-a-half-day working week, effective from 1 January, 2022...
Article / 2 years ago
MENA: Insurance market expected to see lower cyber risk capacity over next 2 years
The capacity of the insurance market in MENA for cyber risks has declined in the region over the past year due to repeated cyber attacks and ransomware...
The capacity of the insurance market in MENA for cyber risks has declined in the region over the past year due to repeated cyber attacks and ransomware...
Article / 2 years ago
Africa: Quality regional reinsurers emerging on the continent
Regional reinsurers of calibre are emerging in Africa, being structured and asserting a growing appetite and quality of service, says pan-African insurance broker OLEA...
Regional reinsurers of calibre are emerging in Africa, being structured and asserting a growing appetite and quality of service, says pan-African insurance broker OLEA...
Article / 2 years ago