Latest news and articles about insurance from NEX English
Corgi, the emerging insurance company, has raised $160 million in its Series B funding round, boosting its valuation to $1.3 billion. This funding round was led by TCV and comes just four months after its initial funding round.
PT Asuransi Kredit Indonesia (Askrindo) reported insurance premiums totaling <strong>1.16 trillion Indonesian rupiah</strong>, marking a <strong>10%</strong> increase compared to last year as of March 31, 2026. This announcement was made during a press conference in <strong>Semarang</strong>.
The Egyptian government has announced a requirement for real estate investors to issue insurance against the non-delivery of residential units. This initiative aims to protect buyers' rights and enhance trust in the real estate market.
International Takaful Company announced a net profit of <strong>430,000 dinars</strong>, reflecting the success of its expansion strategies in the insurance sector. The company also confirmed its plans to broaden its insurance services.
The Egyptian Democratic Party has expressed its rejection of the recently proposed pension and insurance law, emphasizing that it expected the law to cover all citizens without exception. The party argues that the current law fails to meet citizens' needs and leaves many without adequate social protection.
Insurance companies in the Gulf region are increasing the costs and conditions for risk coverage, reflecting the growing challenges in the market. This decision comes amid rising economic and environmental risks faced by the region.
The Financial Regulatory Authority has completed the legislative framework for insurance professions by introducing new rules aimed at enhancing the efficiency of insurance products and protecting policyholders' rights. These regulations include mandatory registration on an electronic platform and passing training tests.
The Egyptian Parliament will hold an important session the day after tomorrow to discuss two draft laws on insurance and pensions, along with the final budget account. These discussions are part of the government's efforts to enhance the financial and social system.
Three international institutions report that the Israeli-American war on Iran negatively affects all economic sectors, particularly insurance. With rising concerns over events in the Strait of Hormuz, insurance claims are expected to increase across various fields.
Islam Azam, head of the Financial Supervisory Authority, revealed that regulating healthcare program management is a pivotal step in implementing the Unified Insurance Law No. 155 of 2024. This announcement was made during a meeting with representatives from healthcare management companies to discuss market challenges and opportunities.
PT Asuransi Kredit Indonesia (Asuransi) has announced the expansion of its operations to the Bone region in South Sulawesi by signing a cooperation agreement with the local government. This initiative aims to enhance economic protection for the local sector, particularly in small and medium-sized enterprises.
Bahrain National Insurance (BNI) has launched a fast car insurance service that allows customers to obtain insurance services without leaving their vehicles. This new initiative aims to enhance customer experience and improve operational efficiency.
As the world celebrates World Health Day, millions of Americans face significant challenges in accessing quality healthcare services due to rising costs and other barriers. Reports indicate that many citizens are unable to afford treatment expenses, threatening their health and quality of life.
Fraud using generative AI has become alarmingly easy, allowing individuals to exploit this technology for compensation or free products. A new study reveals the ability of synthetic images to deceive doctors and insurance companies.
The U.S. Medicare program has announced a 2.48% increase in payments to private insurance companies for 2027, reflecting the government's commitment to improving healthcare services. This increase comes at a time when the healthcare system faces significant challenges.
Smart data centers are experiencing unprecedented growth, with global investments expected to reach <strong>7 trillion dollars</strong> by <strong>2030</strong>. This boom presents new challenges for insurance companies as reliance on complex financial structures increases.
The Indonesian Financial Services Authority (OJK) reported that the country's insurance assets grew by <strong>6.8%</strong> year-on-year, reaching <strong>1.21 quadrillion Indonesian rupiah</strong> in February 2026. This growth reflects a significant improvement in the performance of commercial insurance.
The Insurance Authority has announced the implementation of a mandatory risk-based capital framework starting January 1, 2027. This new framework will replace the current system and enhance the financial solvency of insurance companies.
The global aviation industry is facing significant challenges due to regional conflicts, leading to unprecedented increases in fuel and insurance prices. This surge threatens global travel plans and could result in a severe economic crisis.
The Traffic Department in Saudi Arabia warns that driving a vehicle without valid insurance may result in a fine of up to <strong>150 riyals</strong>. This warning is part of ongoing efforts to enhance road safety and compliance with the law.
OGold has announced a new standard in the region for individual account insurance, providing comprehensive protection against war risks. This announcement comes at a time when geopolitical risks are increasing in many areas.
After facing unexpected health issues, renowned chef <strong>Leonard Young</strong> recognized the crucial role of health insurance in financial planning. His experiences have transformed his perspective on the necessity of insurance in today's world.
The Saudi Insurance Authority has issued a stern warning against the sale or provision of 'extended warranty' products without the necessary licensing. This warning is part of the authority's efforts to monitor compliance with insurance laws and protect consumers.
Several insurance companies have announced new policies featuring additional benefits, allowing customers to reduce their premiums by between <strong>16%</strong> and <strong>87%</strong>. This initiative is part of the growing competition in the insurance market.
Reports indicate that drivers in the UAE may face repair bills up to <strong>25,000 dirhams</strong> due to damage caused by heavy rains. This comes amid growing concerns about insurance companies not covering these damages.
A 73-year-old Florida resident living in a mobile home faces a tough decision about home insurance as hurricanes approach. He questions the value of paying $2,400 annually for coverage in changing climate conditions.
In an embarrassing incident, Coach Khalid Jameel and several players of the Indian national team were barred from entering the Jawaharlal Nehru Stadium in Kochi, leading to the cancellation of a press conference ahead of their match against Hong Kong in the 2027 AFC Asian Cup qualifiers.
First Central Group Ltd., a leading vehicle and home insurance provider in the UK, has appointed investment banks in preparation for a potential initial public offering (IPO) in London. This move aims to enhance the company's growth and competitiveness in the market.
The United States has announced a $15,000 insurance requirement for fans from 50 countries attending the World Cup to support their teams. This decision has raised significant concerns among the fans.
Goldman Sachs' annual survey reveals negative expectations from insurance sector leaders, predicting a recession in the US economy over the next three years. This comes amid growing concerns about global economic repercussions.