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Property & Casualty tag returned 312 results

  • Turkey: Insurance market grows by 15% in 2017 to US$12 bln

    Total insurance premiums in Turkey reached TRY46.5 billion (US$12.3 billion) in 2017, representing an increase of 15% over 2016, according to data from the Turkey Insurance Association (TSB).

    Middle East | 24 Jan 2018
  • UAE: Bumper profits expected in insurance sector

    Financial analysts expect profits of the insurance industry to have grown significantly last year, on the back of increased insurance premiums boosted by government decisions on mandatory health insurance.

    Middle East | 23 Jan 2018
  • Global: AIG acquires Validus for US$5.56 bln in mega cash deal

    Leading global insurer American International Group (AIG) yesterday announced it has entered into a definitive agreement to acquire all outstanding common shares of Validus Holdings, a leading provider of reinsurance, primary insurance, and asset management services.

    Asia | 23 Jan 2018
  • Iran: Call for adequate risk recognition by insurers

    A finance professor has called for insurance companies to ensure that they set aside adequate reserves to cover risks.

    Middle East | 21 Jan 2018
  • Economic growth accelerates for the first time in 7 years

    China's economic growth accelerated last year for the first time since 2010, with the National Bureau of Statistics announcing yesterday that the economy had expanded by 6.9% last year.

    China | 19 Jan 2018
  • Huahai Property's financial losses shrink in 2017

    Huahai Property & Casualty Insurance, touted as China's first specialist marine insurer, has reported losses of CNY23 million for last year, down significantly from total losses of CNY280 million for 2016 and CNY108 million for 2015 which was its first full operating year.

    China | 19 Jan 2018
  • Hong Kong: Insurance market revamps complaints body

    The Insurance Complaints Bureau (ICB) has undergone a revamp and adopted its new name, with plans to expand the scope of its jurisdiction, to handle mediation services and to deal with disputes over non-claim related issues, in the second quarter of this year.

    Asia | 19 Jan 2018
  • Egypt: Govt exploring insurance for state assets

    The Egyptian Cabinet has decided to form a committee headed by Deputy Minister of Finance Dr Mohamed Moait to study insurance coverage for state assets.

    Middle East | 18 Jan 2018
  • Lebanon: Regulator to amend bancassurance regulations

    The Insurance Supervisory Commission (ICC), attached to the Ministry of Economy and Trade, has announced its intention to amend regulations that govern the sale of insurance products by banks to tighten supervision over bancassurance. The process will be taken in coordination with the Bank of Lebanon.

    Middle East | 18 Jan 2018
  • South Korea: Issuance of insurance product licences reaches record

    Twice as many exclusive licences for insurance products were handed out in 2017 as in the previous year, breaking records.

    Asia | 17 Jan 2018

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