Keywords: Insurance
Sanlam Emerging Markets has increased its ownership of Sanlam Maroc to 88.63% following a capital increase linked to the merger by absorption of Allianz Maroc. The transaction marks another step in the group's strategy to consolidate its position in Morocco's insurance market after integrating......
US insurance giant Travelers Companies Inc. reported a significant improvement in its second-quarter profitability, benefiting from a sharp reduction in catastrophe-related losses and stronger returns from its investment portfolio. The company’s latest results highlight how disciplined risk management......
ICICI Lombard General Insurance posted a sharp decline in first-quarter earnings as higher claims payouts and increased commission expenses weighed on the company's profitability despite continued activity in India's insurance market. The insurer reported that profit after tax for the quarter......
Progressive reported higher second-quarter earnings on Wednesday, supported by sustained demand for personal auto insurance policies, underscoring the resilience of the U.S. insurance market despite rising claims-related costs. The insurer benefited from continued customer growth in its core automobile......
India's insurance regulator is preparing a major overhaul of commission structures for insurance distributors, aiming to curb policy mis-selling, lower distribution costs and strengthen consumer protection in one of Asia's largest insurance markets. According to sources familiar with the discussions,......
France's national health insurance system is urging the government to introduce a landmark tobacco control measure that would permanently prohibit cigarette sales to people born after 2009, arguing that the policy could help create the country's first "smoke-free generation." The proposal......
The economic cost of the recent earthquakes in Venezuela is expected to surpass $10 billion, according to catastrophe modeling firm Verisk Analytics, underscoring the scale of destruction caused by the twin seismic events that struck densely populated regions last month. The estimate comes as authorities......
A growing share of French municipalities is becoming financially and structurally vulnerable to the impacts of climate change, with one in four communes now exposed to heightened risk and rising insurance costs, according to a new analysis by advocacy groups Reclaim Finance and Data For Good. The findings......
France’s unemployment insurance agency has called on the government to refrain from making any additional withdrawals from the country’s unemployment insurance fund, warning that such measures could undermine efforts to reduce debt and maintain financial stability. The appeal comes as updated......
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