The insurance regulator has given the green light to Go Digit General Insurance for a listing on stock markets.
Regional InsurTech Igloo yesterday announced that it had successfully raised an additional $27m in its Series B extension, bringing a close to its Series B funding round at $46m.
Some recent trends affecting the insurance industry in the Middle East include digitisation, re-imagining customer value, and sustainability and ESG, says professional services firm PwC Middle East.
Bank Negara Malaysia (BNM) has issued the Exposure Draft on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITOs).
More consolidation and M&A activity is expected in the regional insurance industry as regulators continue to tighten their supervision regime particularly around capitalisation and solvency requirements, says international professional services firm PwC Middle East.
The Shanghai authorities have announced details of a plan to establish an international reinsurance board on the Shanghai Insurance Exchange.
Nasdaq-listed Fanhua, a leading independent financial services provider in China, has launched its open platform aiming to empower independent insurance agencies and agents in the market.
CoverGo, a global no-code insurance SaaS platform for P&C, health, and life, is expanding to the Middle East after a $15m Series A funding, with a Middle Eastern insurance fund Noria Capital participating as one of the strategic investors.
The National Insurance Commission (NAICOM) has said the insurance ecosystem is evolving rapidly, and insurers can no longer lean on old familiar ways while the prevailing technological and strategic winds shift around them.
The IRDAI has issued guidelines to life, general and health insurers as well as insurance repositories on how they can share information with account aggregators (AA).