New Zealand: General insurance industry to reach $7.9bn by 2028, forecasts GlobalData

Published on March 5, 2024
The New Zealand general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.3% from NZ$9.7bn ($5.9bn) in 2024 to NZ$12.9bn ($7.9bn) in 2028, in terms of gross written
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India: ICICI Lombard General Insurance leverages technology and analytics to enhance underwriting

March 5, 2024
Listed insurer ICICI Lombard General Insurance Company (ICICI Lombard) is expected to enhance its underwriting risk selection through the adoption of technology and analytics, said AM Best.

Nigeria: Insured vehicle rate expected to fall below 25% in tough business environment

March 5, 2024
There are 12m vehicles plying the roads across Nigeria, of which only 3.11m were insured as of the end of 2023, according to data from the Federal Roads Safety Corps (FRSC) and the Nigerian Insurers