DIFC’s Post

Read more: https://lnkd.in/eyRxtBsX The underwriting results of sub-Saharan Africa’s #reinsurers have continued their trend of year-on-year improvement, benefitting from robust pricing actions on loss-affected lines of business, as well as the global hardening of the #reinsurance market. #insurance #insurers #insuranceindustry #globalreinsurance

Bahrain has historically been something of a quiet achiever in the region – preferring substance over style. The financial services #regulator, also the insurance regulator, the Central Bank of Bahrain, has a reputation for being one of the most principled and rigorous in the region. This bodes well for the growth of reinsurance in the kingdom. We spoke to Trust Re’s Mr. Yassir Albaharna for reinsurance insights. ✍️ Article written by: Paul McNamara #Reinsurance #Bahrain #Insurance #Regulations

Read more: https://lnkd.in/ePuycdUT #Reinsurers domiciled in the Middle East and North Africa region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global #reinsurance market. #insurance #insurers #globalreinsurance #MENA #insuranceindustry

“Rates are continuing to go up. Now more than ever Canadians should be turning to brokers for advice. As the world gets riskier, having an expert to talk to about risk is essential to finding the right coverage at the right price.” Navacord #TheMitchellAbbottGroup #Insurance #Canadians #Ontario #Navacord

In this exceptionally hot summer, two contradicting #information from the #international #insurance_markets: a positive #growth_trend and an incrasing #catastrophic activity. #World_insurance 1- Swiss Re: major #economies 'robust'; set to drive #insurance #growth 2- #Global insured #nat_cat #losses for H1 2024 well above average – Gallagher Re 3- #Global insured #natural_disaster #losses at least $58 bn for H1 2024: Aon And many more #information from #arab_insurance_markets in this issue (261) of the #gaif #newsletter General Arab Insurance Federation GAIF الإتحاد العام العربي للتأمين

The recent debacle surrounding Directline Assurance is a confirmation of my former stand that Insurance Regulatory Authority needs to adopt a more proactive and responsive approach towards Insurers to protect Policy Holders, There is something that #CBK has adopted that ensures that they have top sight of all banks and their cash and compliant position. Here in Kenya , underwriters continue to report very worrying balance sheets with no action from IRA. The insurance industry is poised to grow, and to sustain this the regulator must step up. MIDRASH INSURANCE & RISK CONSULTANTS #insurance #Directline #IRA #RegulatoryFrameworks

On 20 December a meeting was held between the National Bank of Ukraine and representatives of insurance companies and professional associations to discuss the prospects for the development of the insurance market in 2024.   Three main directions were highlighted: ▪️ Euro integration and Ukraine's compliance with the IMF programme. In the coming year, it is planned to implement all necessary measures and define new regulatory approaches to bring about qualitative changes in the insurance market. All these measures are aimed at increasing Ukraine's investment attractiveness and improving its standing in the EU negotiation process.   ▪️ Modernisation of the insurance market. In 2024, it is planned to introduce risk-oriented prudential supervision and improve solvency requirements for insurers. It's also planned to introduce a new form of supervision of insurers' market behaviour to ensure compliance with rules and standards for the provision of financial services.   ▪️ War risk insurance. The NBU, together with international partners such as the World Bank and the EBRD, is preparing a new mechanism for regulating war risks, which is expected to be presented no later than the first quarter of 2024. The meeting also discussed new issues relevant to the insurance sector, including the readiness of companies to ensure uninterrupted operations under all circumstances and their social responsibility in the context of implementing projects for the adaptation of war veterans. #insurance #nbu #mtibu

This will increase insurance accessibility in Bangladesh. We have signed a Bancassurance agreement with BRAC Bank PLC, one of the leading and most trusted financial institutions in the country. Our partnership demonstrates a strategic fit aimed at expanding the reach of insurance for the people. This significant collaboration supports the country’s drive to strengthen financial empowerment, allowing customers to confidently incorporate MetLife’s world-class insurance protection in their financial planning. #investment #technology #sustainability #innovation #strategy #business #environment #management #MetLife #MetLifeProud #Bangladesh #economy #finance #insurance #bancassurance

Less than a week to go! ⏰ We’re excited to announce that our Chief Canadian Officer, John Pluck, will be attending the RIMS Canada Conference in Vancouver October 6-11! If you're attending, be sure to connect with John to discuss how we can support your insurance needs. #RIMSCanada2024 #Insurance #Riskprofessionals #Risk