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Egypt: Insurance federation calls for alignment with national strategies to foster growth

The Insurers Federation of Egypt (IFE) has emphasised that the insurance sector is a cornerstone of economic and financial stability. Moving beyond its traditional role of merely compensating for losses, the sector acts as a key driver of economic...


Kuwait: Moody's rates Al-Daman Takaful 'B1', citing strong capital and profitability

Moody's Ratings (Moody's) has assigned a B1 insurance financial strength rating (IFSR) to Al-Daman Takaful Insurance Company (Al-Daman Takaful). The outlook is 'Stable'.

Turkiye: Police smash $4.3m fake accident insurance racket, 240 suspects identified

The Turkish authorities have busted a criminal organisation based in Izmir, which is alleged to have defrauded insurance companies of approximately TRY200m ($4.3m) through fake traffic accidents.

Global: AIG appoints new Executive Vice President and CUO

AIG has appointed Ms Nancy Bewlay as Executive Vice President and Global CUO, effective 8 September 2026. She will join the company's Executive Leadership Team.

Other News

Africa

  • Zambia: Finsbury Re receives its first credit rating

Asia

  • Malaysia's insurance sector holds steady amid rising cost pressures
  • Indonesia: Insurance market set to outpace economic growth
  • Vietnam insurance market records steady growth in 1H2026

China

  • Policy volatility and external strain shape China's business risks
  • China rolls out major reforms to shift insurance industry toward quality growth
  • National Data Administration backs innovative data insurance to unlock digital value
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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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    EMEA:Aon appoints new CEO of Facultative Reinsurance
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    Middle East:1 July renewal rates drop 10-15% as focus stays on reinsurance continuity

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