The captive insurance and insurance-linked securities (ILS) sectors in Singapore are forecast to see clear growth soon after the Protected Cell Company (PCC) framework is launched by the Monetary Authority of Singapore (MAS), according to Mr Simon Goh, Partner and Head of Insurance & Reinsurance Practice at the law firm Rajah and Tann Singapore.
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).
The Systemic Risk Coordination and Monitoring Committee (CCSRS) has said that the insurance sector continued its growth momentum against a generally favourable economic backdrop.
Companies in the food, beverage and agriculture sectors are facing a more challenging operating environment this year as concerns over food safety, supply chain disruptions and rising costs intensify.
Singapore businesses have higher expectations of risk management to support growth, according to new research by Coface. However, many still involve risk teams only after key commercial decisions have already begun to take shape.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEI) has announced its contribution to the construction of the Akii Bua Olympic Stadium, a multi-purpose sports facility located in Lira, Uganda.
Aon has appointed Mr Robert Reville as Senior Managing Director and Casualty Catastrophe Market Leader for Aon's Risk Capital, effective 15 July 2026.
Markel Insurance, the insurance operations within Markel Group, has promoted Mr Grant Smith to the role of Director of Marine Transportation at Markel International.