Egypt: Life insurers instructed to check credit status of applicants

Published on November 1, 2024
The Financial Regulatory Authority (FRA) has directed life insurance companies operating in the Egyptian market to look into the credit standing of insurance applicants who wish to buy policies with
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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 post 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