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A new directive that Sri Lankan non-life insurers remit 100% of motor insurance strike, riot, civil commotion and terrorism (SRCCT) premiums to state-owned National Insurance Trust Fund Board (NITF) should benefit NITF while the underwriting profitability of non-life insurers is likely to worsen, ....
Alta, the leading digital securities exchange for alternative assets in Southeast Asia, has formed a partnership with PhillipCapital to launch the Income Insurance Share Liquidity Program, a distinctive liquidity program for shares of Income Insurance, one of the biggest composite insurers in ....
The Insurance Culture and Conduct Steering Committee (ICCSC) has released its fourth paper, "Promoting Ethical Culture and Conduct in Insurance Intermediaries (General)". ....
Losses from natural disasters in the Asia-Pacific and Africa region totalled $64bn in 2023, slightly lower than the $66bn seen in the previous year, says reinsurance giant Munich Re. Approximately $8bn of the $64bn was insured (2022: $11bn). ....
The operating performance of BIDV Insurance Corporation (BIC) is assessed as adequate, with a five-year average return-on-equity ratio of 11.9% and combined ratio of 95.5% (2018-2022), says AM Best. ....