TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
Middle East: Iran's attack on Israel tests sovereign ratings in the region
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas
Article / 3 days ago
Uganda: Regulator urges insurers to consider M&As
There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
Article / 1 month ago
Turkiye: Insurance market grows by 106.8% in nominal terms in 2023, 25.5% in real terms
Turkiye's insurance industry grew by 106.8% in 2023 in nominal terms compared to 2022 when the market expanded by 123.2% year on year to TRY235bn ($12.5bn).
Turkiye's insurance industry grew by 106.8% in 2023 in nominal terms compared to 2022 when the market expanded by 123.2% year on year to TRY235bn ($12.5bn).
Article / 2 months ago
Saudi Arabia: More than 180 foreign companies establish regional HQ
Saudi Arabia's Minister of Investment Khalid Al-Falih has revealed that over 180 companies have established their regional headquarters (RHQs) in the kingdom.
Saudi Arabia's Minister of Investment Khalid Al-Falih has revealed that over 180 companies have established their regional headquarters (RHQs) in the kingdom.
Article / 5 months ago
Nigeria: Risk-based supervision system for insurers being finalised
The insurance industry is at the finalisation stage of the risk-based supervision (RBS) system, according to Mr Rasaaq Salami, head of corporate communications and market development at the National Insurance Commission (NAICOM).
The insurance industry is at the finalisation stage of the risk-based supervision (RBS) system, according to Mr Rasaaq Salami, head of corporate communications and market development at the National Insurance Commission (NAICOM).
Article / 5 months ago
Saudi Arabia: Regulator approves licence for online reinsurance broking services
The Saudi Central Bank (SAMA) has licensed ReTech Reinsurance Brokers Co to provide online reinsurance brokerage services in a soft launch.
The Saudi Central Bank (SAMA) has licensed ReTech Reinsurance Brokers Co to provide online reinsurance brokerage services in a soft launch.
Article / 6 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 / 6 months ago
South Africa: Short-term insurance sector faces momentous shift in risk landscape
The tough economic climate and load shedding are the biggest challenges currently affecting South African households and businesses.
The tough economic climate and load shedding are the biggest challenges currently affecting South African households and businesses.
Article / 6 months ago
Algeria: Local brokers lobby regulator to open up international reinsurance business
Local insurance brokers have called on the authorities to open up international reinsurance business for them to participate directly in it.
Local insurance brokers have called on the authorities to open up international reinsurance business for them to participate directly in it.
Article / 6 months ago
Africa: Insurance industry warned of impact of inflation on profits and capital
Underestimating inflation will impact the profitability of insurance entities in the short term in the current high-inflation environment, says Mr Tim Prince, director of analytics at AM Best in an interview.
Underestimating inflation will impact the profitability of insurance entities in the short term in the current high-inflation environment, says Mr Tim Prince, director of analytics at AM Best in an interview.
Article / 6 months ago
