Indonesia: Extended takaful spin-off deadline will boost development of Islamic insurance

Published on October 12, 2023
The extension of a deadline and incentives provided by new rules on spin-off requirements for conventional insurers' takaful windows will support the development of Indonesia's takaful sector in the
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Fitch upgrades Oman Re's IFS Rating to 'BBB-' with 'Stable' outlook

October 12, 2023
Fitch Ratings has upgraded the Insurer Financial Strength (IFS) rating of Oman Reinsurance Company (Oman Re), the Sultanate of Oman's sole reinsurer, to 'BBB-' from 'BB+'. The rating outlook is

US personal lines rates moderate in the third quarter: MarketScout

October 12, 2023
According to recent analysis from MarketScout, the composite rate for personal lines across the US was 4% for Q3 2023, with automobiles up 4.3% and personal articles up 2.7%.MarketScout suggests that a relatively benign hurricane season encourages insurers, but that the hottest summer on record creates separate issues going forward.Richard Kerr, Chief Executive Officer of Novatae Risk Group, comme