These are the highlights for events and updates across the insurance industry this week.
Credit insurer Coface's 1Q2025 Asia payment survey reveals that businesses across Asia, facing economic uncertainty, are bracing for longer customer payment cycles.
The insurance industry has formed a co-insurance group covering domestic trade credit risk, to serve the national strategy of promoting consumption and expanding domestic demand.
Etihad Credit Insurance (ECI) has recorded an insured turnover reaching AED16.2bn ($4.4bn) -- reflecting a 15.7% year-on-year increase and accounting for 2.85% of the UAE's total non-oil exports, the UAE federal export credit company said in its 2024 annual report released last week.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has renewed a reinsurance treaty arrangement with the Compagnie Algérienne d'Assurance et de Garantie des Exportations (CAGEX) for the 2025 underwriting year.
Intensifying geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving demand for protection, according to a new report by Howden.
These are the updates on insurance regulation across China this week.
The State Secretariat for Foreign Trade at the Ministry of Industry and Trade has unveiled a public export credit insurance scheme to complement private-sector offerings. It will provide coverage of up to MAD7.5bn ($811m) on exports.
African Export-Import Bank (Afreximbank) and Nairobi-headquartered ZEP-RE (PTA Reinsurance Company) has launched the Trans-Africa Bond Alliance (TABA), a transformative initiative designed to bridge the insurance capacity gap and empower African contractors to secure more construction and procurement projects while boosting cross-border trade and enhancing the movement of goods and investment across Africa.
Allianz Trade has appointed Mr Philippe Dessèvre as global head of reinsurance of Allianz Trade and CEO of Euler Hermes Reinsurance, effective 1 October 2025 and subject to regulatory approval.