Turkiye: Participation insurance continues to grow

Published on August 1, 2024
Participation insurance (akin to takaful), which grew by 93.7% in the first half of the year, increased its market share in Turkiye to 5.5% with a premium volume of TRY21.25bn ($633.6m), according to
Continue reading on website
Other news

Insurtech funding shifts to $1.27bn in Q2, highest level since Q1’23: Gallagher Re

August 1, 2024
The global Insurtech sector witnessed a significant rise in funding throughout the second quarter of 2024, amounting to US $1.27 billion, marking the highest levels of funding seen since the first quarter of 2023, according to latest findings unveiled by reinsurer Gallagher Re.Q2 2024 saw AI-centred Insurtechs obtain a grand total of $445.81 million in funding, with early-stage organisations recei

AIG reports Q2’24 net loss on Corebridge deconsolidation

August 1, 2024
Global insurer AIG has reported a net loss of $4 billion in its second quarter 2024 results, driven by the recognition of a loss as a result of Corebridge deconsolidation, with divested businesses denting the performance of its general insurance (GI) business.AIG explains that it recognized a loss of $4.7 billion as a result of Corebridge deconsolidation driven by a gain of $2.5 billion from Coreb