The Insurance Federation of Egypt (IFE) has developed a strategy to help low-income groups access insurance services by introducing new products that meet their needs, according to its chairman, Mr Alaa El-Zoheiry.
Construction surety insurance is included in Turkiye's newly-released three-year economic plan, the Medium Term Programme (MTP) covering the years 2024-2026, in a section relating to disaster preparedness.
Kuwait's Insurance Regulatory Unit (IRU) has decided on rules for regulating the activity of central insurance repositories.
The main prerequisite for various key initiatives of the general insurance industry is a relationship of trust with customers and business partners and disciplined activities, according to Mr Keisuke Niiro, chairman of the General Association of Japan (GIAJ).
Listed China Coal Energy Group is seeking to exit its investments in China Coal Insurance.
Shanghai International Group and seven other companies have received approval from the National Administration of Financial Regulation (NAFR) to establish Shenergy Property & Casualty Insurance with a registered capital of CNY10bn ($1.37bn).
The post-90s generation has become the mainstay customers of pet insurance, accounting for more than 60% of total pet insurance policyholders. Among them, women account for up to 70%, according to the "2023 White Paper on Insights into Pet Digital Insurance Development Trends" jointly released by ZhongAn Insurance and Ant Insurance.
The surety insurance bond market is yet to take off in India due to unaddressed risks and the absence of market makers, according to The Infravision Foundation (TIF), an independent think-tank.
State-owned China Export & Credit Insurance Corporation (Sinosure) has warned the Government of Pakistan against failure to honour its commitment to make due payments to power generation plants established in the China-Pakistan Economic Corridor (CPEC).
The legislative infrastructure and ecosystem for participation insurance (takaful) will be improved, and regulations will be implemented for the more effective and transparent implementation of insurance techniques compatible with participation finance principles.