The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has published a circular clarifying the scope of fire insurance and how coverage and premium amounts should be displayed in policies.
New threats to the maritime industry like GPS spoofing have emerged in some regions, such as the Middle East.
First Takaful Insurance Company (FTIC) is assessed as having marginal operating performance, reflecting the insurer's weak, albeit improving, overall profitability, indicates AM Best.
Everest Group has promoted Ms Nandini Mani to the role of Senior Vice President, Group Chief Claims Officer.