Allianz considering selling stake in Saudi subsidiary
Allianz is considering selling its controlling stake in Riyadh-based insurer Allianz Saudi Fransi in an effort to streamline its portfolio and raise cash
Restricted cover is the biggest threat to public trust in the insurance profession in the coming months, according to a poll of Chartered Insurance Institute members
Insurtechs raise investments in latest funding rounds
Kenya’s Lami Technologies raised US$3.7 million through Harlem Capital-led second round of funding, while the UK’s Quotech acquires £1 million from Convex Group and other investors
Floods now Australia’s second costliest weather event
The Insurance Council of Australia (ICA) has released new data that shows more than $2 billon has already been paid to insurance customers impacted by the February-March floods that hit…
44 per cent of insurers exploring flexible working to attract talent
A social media poll of 623 insurance professionals conducted by the UK’s Chartered Insurance Institute (CII) in June 2022, found that 44 per cent of respondents are focused on offering…
Floods and storms drive global insured catastrophe losses
A series of winter storms in Europe, unprecedented flooding in Australia and South Africa as well as a high number of thunderstorms in the US and Europe, resulted in US$35…
