The House of Representatives has asked for a study to be conducted on capital requirements for establishing insurance companies and comparing them with standards in other markets, Mr Hesham Ramadan, assistant to the chairman of the Financial Regulatory Authority (FRA).
Europ Assistance (EA), a subsidiary of the Italian global insurer, Generali Group, has acquired 74.6% of Bahrain-based Gulf Assist from MAPFRE Asistencia.
China's national natural catastrophe resilience index (N-RI) rose to 9.0% in 2021 from 8.1% in 2020 and 7.6% in 2019, even after major flooding in Henan province in July 2021, says Swiss Re Institute in a new sigma report.
Henan Province in central China has launched a pilot scheme for catastrophe insurance in the wake of the massive floods in July 2021 that cost the province economic losses in the billions of yuan.
Swiss Re Institute says in a new sigma report released yesterday that it expects scaled-back government benefits and declining asset values to erode insurance resilience overall while insurance protection is still growing strongly in 2022.
The board of Taiwan Life yesterday approved injecting additional funds of NT$4bn ($135m) into the company's wholly-owned P&C insurance subsidiary, CTBC Insurance.
Globally 100m people were forced to flee their homes in 2021 due to violence, human rights abuses, food insecurity, the climate crisis, war in Ukraine and other emergencies according to a new UN report.
Floods and droughts are likely to cost major global cities $194bn annually by 2050 according to a new research.
Consumers surveyed in six APAC markets are most vulnerable to online fraud on social media sites, according to a new report.
Simply blaming climate change for the catastrophic impact of severe weather events that cause devastating damage, is not good enough according to a new report.