Gulf General Cooperative Insurance Company announced that Mr Anuj Agarwal, CEO, has submitted his resignation with his last working day set for 15 April 2026.
The Financial Regulatory Authority (FRA) has released regulations for applying depreciation rates in motor insurance to achieve a balance between customers receiving fair compensation and market stability and curb disputes.
Hanwha General Insurance announced that it achieved its highest-ever auto insurance revenue within six months of merging with Carrot Insurance.
The South Korean insurance industry will fund the review committee that will consider the appropriateness of allowing vehicle accident victims with minor injuries to claim the costs of medical treatment that lasts for eight weeks or longer.
China's insurance industry underwrote coverage for 43.58m new energy vehicles (NEVs) in 2025, a year-on-year increase of 40.1%, with premium income climbing to CNY190bn ($27.7bn) and providing an insured sum of CNY159tn.
Al Etihad Cooperative Insurance has announced the Board of Directors' decision to accept the resignation of the company's CEO, Mr Hussam AbdulAziz Al-Kannas. The resignation was attributed to personal reasons.
The combined net profit of domestic insurance companies fell 14.5% to KRW12.2tn ($8.3bn) in 2025.
The Cameroonian insurance market generated total premiums of approximately FCFA300bn ($528m) in 2025, according to official but provisional data. This represents an increase of 3.9% over total premiums of FCFA288.7bn in 2024.
Motor third-party liability (MTPL) insurance premiums in Morocco are expected to increase by approximately 5% on average starting in April 2026, following the revision of the compensation scale for traffic accidents.
China's multinational technology company Xiaomi, which also manufactures electric vehicles, has entered the new energy vehicle insurance market, offering motor premium rates lower than those of most of its competitors.