The West African Insurance Companies Association (WAICA) has stressed the need for the harmonisation of insurance regulation and education to strengthen regional cooperation and build a vibrant insurance market in the West African sub-region.
The sales of insurance policies directly by insurance companies still dominate the Saudi insurance market, as the percentage of policies sold through insurers was around 50.3% in 2023, compared to 46.1% through insurance brokers and 3.6% by insurance agencies.
Climate change and land-use change could become the main drivers of biodiversity decline by mid-century according to a new study.
A 'staggering' number of workers, amounting to more than 70% of the global workforce, are likely to be exposed to the climate-change-related health hazards, include cancer, cardiovascular disease, respiratory illnesses, kidney dysfunction and mental health conditions..
The Life Insurance Association, Singapore (LIA Singapore) has announced the launch of its enhanced protection gap calculator.
The World Bank's board of executive directors has approved an $80m development policy credit for Nepal to strengthen the stability of the financial sector, including the insurance industry.
GX Bank Berhad (GXBank), Zurich General Insurance Malaysia and Zurich Life Insurance Malaysia have formed a 10-year exclusive bancassurance tripartite partnership to co-create micro protection products for underserved Malaysians.
The Tunisian Insurance and Reinsurance Company (STAR), Tunisia's biggest insurer, has announced that its net profit fell by 15.47% to TND26.97m ($8.64m) in 2023 from TND31.90m in 2022, according financial statements lodged with the Tunis bourse.
The life sector in the Middle East and Pakistan is less well-developed than the non-life market, accounting for around a fifth of total premiums in the region, noted Swiss Re Institute (SRI).
FWD Insurance Berhad (FWD Insurance) launched its newest product, FWD Max Wealth, which allows customers to maximise their wealth with increasing guaranteed cash payments as they celebrate special milestones in life.