South Africa: Insurers with large legacy books advised against ignoring them

Published on December 1, 2024
Insurers are aware that their legacy products are becoming an increasing cost burden relative to the value they provide to the insurance company and the customer as the book shrinks, according to a
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CEA reinsurance and risk transfer contracts again to $7.99bn after further non-renewals

November 29, 2024
The California Earthquake Authority’s (CEA) reinsurance and risk transfer tower has contracted by a further 6% to $7.993 billion as of November 1st, 2024, as it opted to non-renew contracts to limit the amount of capacity in excess of its minimum 1-in-350 year level as policy count and exposure continues to fall.Earlier this month, we reported that after the CEA chose not to renew $648.5 million o

Jordan: UNDP signs MoU with insurance federation on training

December 1, 2024
The United Nations Development Programme (UNDP) in Jordan has signed a Memorandum of Understanding (MoU) with the Jordan Insurance Federation (JIF) to deliver advanced Training of Trainers (ToT)