Uganda: First takaful insurer expected to start operations this year

Published on June 17, 2025
The performance of Uganda's insurance industry is expected to improve this year due to factors such as the expected take-off of takaful.
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US insurers plan to more than double AI investments over the next 3-5 years, according to Wipro

June 16, 2025
Wipro Limited, a provider of AI-powered technology services and consulting, has released a report which shows that AI spending is set to grow significantly within insurers’ IT budgets.The study, “The AI Advantage: Building Tomorrow’s Insurance Enterprise,” surveyed 100 senior executives from US insurance companies with annual revenues above $500 million and reveals a clear trend: insurers are incr

Taiwan’s non-life insurance premiums rose 10.5% in 2024: AM Best

June 17, 2025
Taiwan’s domestic non-life insurance premiums continued to rise in 2024, increasing by 10.5% to TWD 278.5 billion (USD 9.2 billion), according to a recent report by AM Best.All of AM Best’s rated entities recorded premium growth during the year, supported by expansions in voluntary motor, travel insurance, and commercial lines.Combined gross written premiums among AM Best’s eight rated non-life in