Turkish non-life insurers should benefit from improved operating conditions and stronger pricing in 2025, Fitch Ratings says in a report titled "Turkish Non-Life Insurance: Gradual Steps to Market Stabilisation".
Rising global temperatures pose an increasing risk to the resilience of well over half of the world's top 100 data centre hubs, according to a new research by the risk intelligence company Verisk Maplecroft.
An effective solution to mitigating the risks of natural disasters in South Africa is to establish a national Nat CAT insurance pool, according to the CEO of the non-life company PSG Insure, Mr Cedric Masondo.
The Central Bank of the UAE (CBUAE) has revoked the licence of Al Khazna Insurance Company (AKIC).
The Turkish Insurance Experts Association (TUSED), the Turkish Insurance Experts Association, has highlighted discrepancies in the prices and coverage offered in home insurance policies, following large-scale fires that have broken out across Türkiye in recent weeks.
China's financial regulator is stepping up efforts to rein in disorderly competition in the non-auto insurance market, issuing a draft circular aimed at enforcing stricter adherence to pre-approved policy terms and pricing-known as the 'unified reporting and sales' system.
These are the updates on insurance regulatory developments in China.
China has expanded its occupational injury insurance programme to cover more workers engaged in new forms of employment according to a news report by news agency Xinhua.
Asia-Pacific life profitability outlook remains stable, though foreign exchange hedging costs may weigh on margins in Japan, says Swiss Re Institute (SRI) in a report on world insurance developments.
The Nigerian Insurance Industry chalked up gross written premiums of NGN1.56tn ($1.02bn) in 2024, 56% higher than the NGN1.00tn reported in 2023, according to the Nigerian Insurers Association (NIA).