Turkiye: Disaster insurance pool pays US$1.14bn in claims for quake-hit residential property

Published on February 12, 2024
The Turkish Catastrophe Insurance Pool (TCIP) has paid compensation amounting to TRY35bn ($1.14bn) for damages caused by the massive Kahramanmaras-centred earthquakes that occurred on 6 February 2023.
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BMS partners with algorithmic underwriting specialist Artificial Labs

February 12, 2024
Specialist insurance and reinsurance broker BMS has partnered with Artificial Labs to adopt the algorithmic underwriting specialists Contract Builder.According to BMS, Contract Builder will “seamlessly integrate” into its existing Broker Workbench, empowering the firm’s teams to merge risk models and legal documents with precise, compliant, and auto-populated data, starting the slip assembly proce

Egypt: Regulator says insurers are to record sales calls with customers

February 12, 2024
The Financial Regulatory Authority (FRA) has stressed to insurance companies that they have to install a system to record calls or meetings, video and/or audio, with clients.