Insurers take initiative to cut yield on products to avoid interest-rate spread losses

Published on June 1, 2024
Some insurance companies in China will halt on 30 June the sales of incremental wholelife insurance policies that have an assumed interest rate of 3% and instead launch new policies with an interest
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Türkiye: Quake insurance scheme to cover other disasters with effect from the end of June

June 1, 2024
Minister of Treasury and Finance Mehmet Simsek has announced that Türkiye's compulsory earthquake insurance scheme, the Turkish Catastrophe Insurance Pool (TCIP) will be expanded to cover other

Gulf: Floods cause estimated insured losses of as much as US$2.4bn

June 1, 2024
Total insured losses arising from the 2024 Gulf Floods event are estimated to exceed $1.6bn and could reach as high as $2.4bn for the UAE, of which Motor represents ~10%, according to an analysis by