Insurance
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Mactavish says many captives failing to meet Insurance Act requirements
Too many captives have failed to adapt to the Insurance Act, which requires them to comply with both its buyer-…
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Third-quarter cat losses keep AIG in the red
AIG insists it remains “on track” towards profitability after reporting a pre-tax net loss of $1.3bn for the third quarter…
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Swiss Re delivers $1.1bn profit for nine months as Corporate Solutions breaks even
Swiss Re delivered net income of $1.1bn for the first nine months of this year despite heavy losses of $1.6bn,…
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Harmonisation of national insurance guarantee schemes is premature, says Insurance Europe
Insurance Europe has said it is too early to harmonise national insurance guarantee schemes (IGS) at EU level, and has…
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Parima pushes sustainability at Tokyo conference
Delegates at the recent Pan-Asia Risk and Insurance Management Association (Parima) conference in Tokyo heard from the high priest of…
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Myanmar’s EU trade status at risk from genocide inquiry
The preferential trade status granted to Myanmar by the European Union (EU) could be at risk pending an investigation into…
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RenaissanceRe to buy Tokio Millennium Re for $1.5bn
Bermuda’s RenaissanceRe Holdings has agreed to buy Tokio Marine’s reinsurance business, which includes Tokio Millennium Re AG and Tokio Millennium…
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Hopes raised that Malaysia will ease cap on foreign insurers
There is an increasing number of reports that the Government of Malaysia is preparing to relax rules on the involvement…
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Vietnamese non-life insurers need to focus on profit as margins shrink
Non-life insurance companies that operate in Vietnam are still struggling to make decent profits because of high competition and falling…
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Payment delays increase for European firms
European businesses recorded a further increase in the number of overdue invoices in 2018 with 41.8% of payments outstanding, according…
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Growing commercial use of new reality technology raises risks and potential insurance solutions
Virtual reality and other concepts best known in the gaming world are set to make a big impact in the…
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South African insurers’ ratings likely to remain stable for next year
South African insurers are set for a year of relative ratings stability, reflecting expectations for the South African ratings as…
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Risk managers need to embrace technology
Insurers and risk managers should immerse themselves in technology to help them anticipate and react to emerging risks in the…
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Energy, renewables and construction
The discovery of major deposits of both oil and gas off the shores of east Africa has created hopes of…
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Tiered approach to African insurance regulation may be the way forward
Acknowledging the differing standards and capacity of insurance companies across Africa, delegates at a recent regulatory roundtable hosted by Commercial…
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East Africa moves one step closer to harmonised insurance regulation
This year’s Organisation of Eastern and Southern African Insurers conference in Tanzania highlighted growing demand for regional, if not continental…
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Time to join the conversation
Insurers have been too slow to join the conversation, both in terms of their own regulation and more widely in…
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A work in progress
Africa’s insurance markets are bouncing back from the bottom of the market cycle but, as delegates at the recent African…
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Insuring the continent
Speaking to Commercial Risk Africa during the African Insurance Organisation’s recent Reinsurance Forum, Natalie Pakkiri and Kisnthrie Naidoo of Munich…
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US tax reform
There has been much talk about the impact of recent tax reforms in the US on the insurance sector and…