Tunisia: Govt proposes increasing corporate tax rate for insurers to 40% for 2025 fiscal year

Published on November 1, 2024
Financial institutions, including insurers and banks, will be required to pay a corporate tax rate of 40%, the government is proposing in the draft Finance Law 2025 (PLF 2025).
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NDF supports ARC as lead capacity provider for parametric drought insurance for UN food program

November 1, 2024
The Natural Disaster Fund (NDF), managed by Global Parametrics, is playing a crucial role in supporting food security in drought-prone African countries by supporting African Risk Capacity Ltd. (ARC) with risk capacity for the UN World Food Program (WFP).In the Central Sahel region of Burkina Faso, Mali, and Niger, annual rainfall is essential for both food security and economic stability. Slight

Reinsurers posts 22% ROE in 2023, Helene & Milton to stall softening, says AM Best

November 1, 2024
Solid underwriting conditions, combined with a turnaround in unrealised losses drove reinsurers to a 22% return on equity (ROE) in 2023, states global ratings agency AM Best.However, the agency has also said that higher attachment points would make 2024 hurricane claims manageable.A new report from the agency notes that AM Best’s composite of reinsurers’ gross premiums written (GPW) represented al