Turkiye: Quake insurance coverage jumps higher in Istanbul

Published on September 27, 2023
Two-thirds (65%) of residential properties in Istanbul, making up approximately 4.15m homes, have taken up mandatory earthquake insurance, according to data released data by the Turkish Catastrophe
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Oman: Authority issues online insurance regulations

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Oman's Capital Market Authority has issued a decision to adopt regulations covering online insurance operations. The new rules present a regulatory and legislative framework for digital insurance

Youi opts out of aggregate reinsurance as market conditions harden

September 27, 2023
In response to the challenging dynamics of the global reinsurance market, Youi, a prominent Australian insurance company under the Outsurance Group umbrella, has decided not to renew its aggregate reinsurance for the 2024 financial year.This strategic move reflects a broader trend in the industry as insurers grapple with escalating natural perils losses, pandemic-related business interruptions, an