GIG Insurance-Egypt (GIG-Egypt) has a record of generating strong earnings despite the challenging operating conditions and high inflationary environment of Egypt, states AM Best.
Sompo Insurance Singapore has announced the appointment of Ms Linda Ng as head of property and multi-lines, according to the company's LinkedIn page.
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has appointed Mr Andrew Aldwinckle as international casualty CUO, effective 1 February 2026.
The Insurance Council of New Zealand (Te Kahui Inihua o Aotearoa) (ICNZ) is supporting new rules that make natural hazard information in Land Information Memoranda (LIMs) clearer, more consistent and easier for New Zealanders to understand.
Gulf Insurance Group - Jordan (GIG Jordan) has a record of underwriting profitability, said AM Best. In 2024, the insurer achieved a combined ratio (net/gross) of 91.9% (2023: 89.9%).
As China's listed insurers prepare to release their third-quarter reports, a clear uptrend in industry performance is emerging. Since New China Life first issued its earnings forecast on 13 October, PICC P&C and China Life have also released announcements projecting profit growth of over 40% year-on-year for the first three quarters of 2025, with China Life leading with a 50%-70% increase.
China's insurance industry continues to streamline its physical branch network. According to data from the National Financial Regulatory Administration (NFRA), as of 22 October, a total of 2,565 insurance branches have withdrawn from the market this year, representing a 60% increase from the same period in 2024.
These are the updates on insurance regulatory developments in China.
Nearly 14% or one in seven Australian travellers went on their most recent travel without a valid travel insurance cover according to a recent survey by the Insurance Council of Australia (ICA). The survey found that this trend is particularly pronounced among younger travellers, with 23% of under-30s going uninsured.
The first earthquake stress test in Turkiye has estimated that the financial impact of a potential Marmara earthquake would reach $21bn at the current exchange rate, borne by the insurance sector alone, excluding the Turkish Catastrophe Insurance Pool (TCIP).