Insurance companies and intermediaries in Morocco are entering an unprecedented era, according to the National Federation of Insurance Agents and Brokers in Morocco (FNACAM).
Egyptian InsurTech company SehaTech has raised $1.1m in a seed funding round to expand its AI-centred platform that streamlines and automates health insurance administration.
Over seven in 10 (72%) of young people in Turkiye see insurance as a vehicle which can make their lives easier. In addition, with the advancements of technology and the digital age, those who prefer to purchase insurance through digital platforms constitute the overwhelming majority, at 78%.
The Turkish insurance industry is seeing the impact of digital transformation in almost every aspect of insurance functions, from customer relations to preventing insurance fraud, according to Mr Emine Feray Sezgin, vice president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).
The Insurance and Social Security Supervisory Authority (ACAPS) is working on implementing a digital system to monitor online content related to insurance products and services.
Mastercard has announced a strategic collaboration with InsurTech company Hillcroft (mTek) to launch embedded insurance solutions across East Africa.
Tunisia is preparing to modernise its motor insurance system with the imminent launch of the "Auto Insurance 2.0" system, said Ms Jouda Khemiri, president of the General Insurance Committee (CGA).
The Financial Regulatory Authority (FRA) has issued regulations covering the digital issuance and distribution of insurance policies by insurance companies and brokers.
The Bima Sugam India Federation (BSIF) has launched its official website. It was unveiled by Insurance Regulatory and Development Authority of India (IRDAI) chairman Ajay Seth.
The Algerian Union of Insurance Brokers (UACA) has set out four strategic directions to modernise the brokerage sector.