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Brokers tag returned 334 results

  • Egypt: Insurance broker increases capital

    Societe Insurance Brokerage (SIB) has increased its paid-up capital from EGP1m ($63,700) to EGP11m, ahead of the enactment of a new insurance law which would require insurance brokers to have a higher minimum capital.

    Middle East | 22 Oct 2020
  • Australia: About 50% of insurance brokers place business directly with insurers

    Almost half (47%) of insurance brokers in Australia placed client's business directly with insurers, according to data collected by APRA for the half-year to 30 June 2020.

    Asia | 22 Oct 2020
  • The real value of insurance brokers

    The insurance broking industry in Australia, similar to the rest of the financial services sector, has been experiencing increasing scrutiny of its business model by regulators, policymakers and the general public.

    AIRPlus | 21 Oct 2020
  • UAE: Insurance brokers seek review of new regulations on commission payments

    The revenue of insurance brokers in the UAE is expected to be dented by a new commission payment structure which took effect from 15 October.

    Middle East | 18 Oct 2020
  • Kenya: Brokers owe insurers US$329m in premiums

    Businesses and individuals have spent KES35.73bn ($329m) on non-existent insurance covers after brokers failed to remit premiums to insurers, exposing the customers to risks and heavy losses that the clients thought they had been insured against.

    Africa | 12 Oct 2020
  • Global: Beazley launches international cyber & breach response broker portal

    Specialist insurer Beazley has launched a cyber & breach response portal containing an all-encompassing set of resources designed to help broker partners and coverholders stay informed and educated on the constantly evolving cyber risk landscape.

    Asia | 12 Oct 2020
  • Insurance brokers can be sued for denied BI claims

    While court cases regarding the denial of pandemic-related business interruption claims by insurers continue globally, insurance brokers can expect to be sued if their clients' claims are denied.

    Asia | 08 Oct 2020
  • Taiwan: Regulator to announce draft changes to insurance broking and agency rules

    The Financial Supervisory Commission (FSC) will soon announce some draft amendments to the "Insurance Broker Management Rules" and "Insurance Agency Management Rules", according to a statement from the Insurance Bureau of the commission.

    Agents | 06 Oct 2020
  • Vietnam: Broking firm GiNET becomes bolttech

    GiNET Vietnam Joint Stock Company and GiNET Vietnam Insurance Broker Joint Stock Company, an insurance broker and agency in Vietnam has been renamed to bolttech Vietnam Digital Solution Joint Stock Company and bolttech Insurance Broker Vietnam Joint Stock Company ("bolttech Insurance Broker") with a full rebranding taking place in the coming months.

    Asia | 06 Oct 2020
  • Africa: Chedid Capital acquires 80% of ASCOMA, creates insurance broking leader in MEA

    Chedid Capital Holding has acquired an 80% stake in ASCOMA's (Ascoma Assureurs Conseils) insurance brokerage business in Africa-a network of 21 subsidiaries across 21 African countries, with an office for international affairs in Paris.

    Middle East | 05 Oct 2020