Insurance broker Hamdi Abdel Mawla has called for reform of the Livestock Insurance Fund, which is under the Ministry of Agriculture.
The main group of non-life insurance customers in China is formed by those aged 26-45, with 79.9% of those in this age bracket having purchased insurance cover, according to a report issued by Insurance Association of China and iResearch Consulting Group.
The much-hyped merger of the three state-owned non-life insurance companies -- National Insurance, Oriental Insurance and United India Insurance -- is likely to be effected after next March.
The P&C insurance sector in China chalked up total premiums of CNY496.2bn ($74.4bn) from January to May, according to the latest data from the CBIRC.
Rongsheng P&C Insurance has received the regulatory nod to start its operations, joining 88 other insurers in the non-life sector.
Private sector general insurers would require additional capital ranging from INR12bn ($176m) to INR30bn in the financial year ending 31 March 2019 (FY2019), in order to maintain their current growth rate of 17-20% (on a modest profitability base), says ICRA, an investment Information and credit rating agency.
Only four insurers - one life and three non-life - have to date raised their paid-up capital to the required minimum level, ahead of a deadline for insurance companies to meet the requirement.
Ahlia National Insurance Co (ANI), has received a licence to operate as a general insurer in Kuwait and is keen on expanding regionally in three years, Mr Wa'el Saleh Alkhatib, the company's vice chairman and CEO, has said.
2018 is turning out to be a year of improved results for insurance companies, according to Mr Brahim Djamel Kassali, president of the Algerian Union of Insurance and Reinsurance (UAR).
The latest Swiss Re Institute sigma study released last week and titled "World Insurance in 2017" shows that the UAE has overtaken Turkey in terms of insurance premiums.