Egypt: Insurance federation and regulator studying sustainable insurance legislation

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

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).

GCC: Net impact on equity rises to -2.5% as Oman's listed insurers publish IFRS17-compliant financials for the first time in 3Q2023

December 12, 2023
Nine months into the year, the progress on the transition to IFRS 17 has moved up to 91% as most insurers embrace IFRS 17 except a few takaful entities that will likely adopt the standard's