The size of the insurance market in Central Africa is about $1.1bn, with a penetration rate of no more than 0.7%, indicating the enormous potential for growth, especially with increasing urbanisation and infrastructure development, said the Insurers Federation of Egypt (IFE).
AIG has appointed Ms Christine Williams as Head of Global Client and Broker Relationships, effective 1 September 2026.
Markel Insurance, the insurance operations within Markel Group, has appointed Ms Sarika Sagar Gadekar as Claims Adjuster, based in Mumbai, India; and Mr Tan Weng Fatt as Senior Underwriter for Casualty, Malaysia.
Lockton has appointed Mr Jeremie Deschamps as Regional Head of Cyber Advisory for Asia; Mr Martin Allain as Head of Wholesale for Lockton Asia's Regional Placement Team; and Mr Michael "Mike" Griffiths as Regional Director, Healthcare, for the company's Professional and Executive Risk and Credit Team. All three are based in Singapore.
The Common Reinsurance Company of the Member States of the Inter-African Insurance Markets Conference (CICA-RE) and the West African Development Bank (BOAD) have signed a strategic partnership agreement, aimed at further integrating insurance and reinsurance mechanisms into the financing of development projects in the West African Economic and Monetary Union (UEMOA).
The technical results of the Egyptian market rose by 4% to about EGP20.9bn ($421m) in 2025, compared to EGP20.1bn n 2024, reflecting the improved operational performance of insurance companies.
The Thai regulator, Office of Insurance Commission (OIC), is planning to create a new cadre of "Insurance Scholars" as a part of upgrading the protection system for victims of vehicle accidents in the country.
Governments, insurers and communities can respond to rising disaster risks, increasing insurance costs and growing protection gaps by developing sustainable and inclusive support for household wellbeing, community resilience and economic stability, according to a new report by Australian Reinsurance Pool Corporation (ARPC) and The University of Queensland (UQ).
The Tunisian insurance sector is set for a profound transformation by 2030, with nationwide natural disaster insurance coverage, reform of the Insurance Code and an overhaul of the motor vehicle regime, according to the five-year strategic development plan unveiled by the General Insurance Committee (CGA).