The West African Insurance Companies Association (WAICA), a regional association of insurance institutions in English-speaking West Africa, can help boost cooperation in the region, said Nigeria's Minister of State for Finance, Ms Doris Uzoka-Anite.
Kuwait-based Gulf Takaful Insurance (GIG Takaful) is expected to see 8%-12% revenue growth per year in the next two years, under a base-case scenario by S&P Global Ratings (S&P).
Technical committees of the Insurers' Federation of Egypt (IFE) are currently studying the proposed form of the divorce insurance policy, a line of business provided for under the new insurance law passed in 2024.
Bahrain Kuwait Insurance Company (GIG Bahrain) has a track record of strong operating performance, generating in 2024 a return on equity of 11.6% and a net-net combined ratio of 96.5% (both as calculated by AM Best).
Gulf Insurance Group (GIG) has a record of strong operating performance and in 2024 reported post-tax profits of KWD31.8m ($103.5m), equating to a return on equity of 8.4%, as calculated by AM Best.
The insurance sector in Saudi Arabia continues to expand rapidly, with consolidation among smaller players potentially enhancing the sector's resilience, according to a new report by S&P Global Ratings (S&P).
China's cyber insurance market is evolving from a supplementary safeguard in digital security to a key pillar in the nation's strategic framework for data protection.
New data released by the Insurance Council of Australia (ICA) shows that Australia has consistently taken the silver medal for extreme weather losses over the last 45 years - beaten only by the US.
The insurance industry bore the brunt of the costs of the April 2024 floods in the UAE, according to S&P Global Ratings (S&P). The disaster, though, had limited financial impact on the banking sector.
New Zealand is refocusing on its earthquake-prone building system to reduce repair costs and reinvigorate communities.