India: LIC to infuse Rs 25 crore into its subsidiary LIC MF Asset Management

Published on December 12, 2023
State-owned Life Insurance Corporation of India (LIC) yesterday announced that its board had approved the injection of INR250m ($3m) into its subsidiary, LIC Mutual Fund Asset Management (LIC MF).
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South Korea: Higher claim frequency to pile pressure on credit & guarantee insurer's combined ratio

December 12, 2023
Seoul Guarantee Insurance Company's (SGI) combined ratio is likely to increase on higher claim frequency as a result of high interest rates and reductions in government assistance after the COVID-19

Egypt: Insurance federation and regulator studying sustainable insurance legislation

December 12, 2023
The Insurance Federation of Egypt (IFE) is working with the Financial Regulatory Authority (FRA) in studying legislation and decisions related to sustainable insurance in Egypt.