UAE: Govt announces new system for issuance of health insurance policies for foreign visitors

Published on July 24, 2024
The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has announced a health insurance project for tourist visas.
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CrowdStrike outage unlikely to materially impact re/insurer results: Fitch

July 23, 2024
Analysts at ratings agency Fitch Ratings have said that last week’s mass global IT outage is not expected to have a material impact on the financial results of insurers and reinsurers, with preliminary market estimates of global insured losses in the mid-to high single digit billion USD range.While Fitch does not expect any meaningful financial impact for re/insurers from the event, the rating age

U.S. L/A insurers increased allocations to commercial mortgage loan portfolios in 2023, AM Best

July 24, 2024
A new report from global ratings agency AM Best shows that U.S. life/annuity  (L/A) insurers continued to increase allocations to commercial mortgage loan portfolios in 2023, however, problem loans, which includes those 90 days delinquent, rose sharply.Best’s report explains that life/annuity insurers expanded their allocations to mortgage loans last year by more than 6% to $734.2 billion, with mo