Egypt: Regulator follows up with life insurers on adoption of IFRS 17

Published on January 9, 2024
The Financial Regulatory Authority (FRA) has held a meeting with life insurance companies to follow up on the implementation of the International Financial Reporting Standard IFRS 17.
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Insured losses from Japan earthquake estimated between $1.8-3.3bn: Verisk

January 9, 2024
According to Verisk’s “Extreme Event Solutions” business unit, insured losses from the earthquake that struck near the Noto peninsula in Ishikawa prefecture, Japan, will be between approximately US $1.8 billion and $3.3 billion (JPY 260-480 billion).The United States Geological Survey (USGS) reported on January 1st, 2024, the M7.5 earthquake on the west coast of Japan occurred due to shallow rever

Global property cat reinsurance rate Index up 76% since 2017: Guy Carpenter

January 9, 2024
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred.Including the latest reinsurance renewals data from January 1st 2024, global property catastrophe reinsurance rates are now up by an estimated 76% since 2017, according to Guy Carpenter’s widely cited Index.The reinsurance broker’s latest data shows that global property catastrophe rein