Egypt: Insurers increase capital to counter impact of depreciation of local currency

Published on April 1, 2024
Insurance companies are seeking to increase their paid-up capital under pressure from credit rating agencies and reinsurers concerned about the impact of the decline in the value of the Egyptian
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April 1 reinsurance renewals more favourable to buyers: Aon

March 28, 2024
The April 1st, 2024, reinsurance renewals were “more predictable and generally favorable to reinsurance buyers,” with pricing broadly flat for property catastrophe reinsurance, according to insurance and reinsurance broker Aon.Aon’s latest Reinsurance Market Dynamics report, scheduled to be released on April 2nd, reveals that market conditions since 1/1 2024 have continued to favour reinsurance bu

Türkiye: As technical losses mount in mandatory auto insurance business, insurers look to liberalised pricing

April 1, 2024
Compulsory motor third-party liability (CMTPL) insurance business, also referred to as traffic insurance in Türkiye, chalked up a technical loss of TRY13.7bn ($424m), after offsetting investment