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Oman: Regulator quashes unauthorised motor premium hikes

The Financial Services Authority (FSA), the regulator of the insurance sector in Oman, has confirmed that it had not granted approval to any insurance company to increase mandatory motor third-party liability (MTPL) insurance premiums, according to...


Middle East: Turkiye's Brokerplus joins EIRS Global Network

Dubai-based ETG Insurance & Risk Solutions (EIRS), the rapidly growing insurance and reinsurance division of the global agri-commodity conglomerate ETG, has formed a strategic partnership with BrokerPlus, a Turkish insurance brokerage.

Saudi Arabia: 5th biggest insurer receives 'A-' IFS rating from Fitch

Fitch Ratings has assigned Walaa Cooperative Insurance's an Insurer Financial Strength (IFS) Rating of 'A-' and National IFS Rating of 'AA+(sau)'. The outlooks are 'Stable'.

Other News

Africa

  • South Africa: Customers happy with life insurers but dissatisfied about premiums and value for money

Asia

  • Vietnam: Health insurance premiums lowered while maintain full coverage benefits
  • India: Centre to transfer US$384m in crop insurance claims to 3m farmers under PMFBY
  • Thailand: OIC unveils fifth insurance development strategy to tack modern risks

China

  • China's asset management industry surges past $20.55tn, insurance and mutual funds each exceed $4.11tn
  • China enforces mandatory social security contributions, raising compliance stakes for employers and workers
  • Hong Kong curbs first-year insurance commissions amid soaring mainland demand
Subscribe eChina

Asia Risk

  • Climate change could become the main driver of biodiversity decline
  • Climate change: Getting harder to find meteorites in Antarctica
  • Almost 85% of supply chains can't respond to disruptions in 24 hours

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  • 3
    Saudi Re posts strong 1H financial results with 53% revenue growth and 17% profit increase
  • 4
    Turkiye:Auto insurance coverage stands at 25%
  • 5
    Kuwait:L&H insurers look to boost profitability

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