A team achievement: Almamoon earns global recognition for health insurance innovation
Since receiving its operating license in 2008, Almamoon has established itself as one of the pioneering Saudi companies in the…
Category: Insurance
Aon to acquire USI in USD 17 billion deal as insurance consolidation intensifies
The acquisition strengthens Aon’s grip on America’s middle market while giving private-equity owner KKR a lucrative exit from the insurance…
Allianz eyes 5 billion pound takeover of UK breakdown recovery group AA
The AA’s owners—Towerbrook Capital Partners, Warburg Pincus, and Stonepeak—have reportedly been pursuing a dual-track process German insurer Allianz is considering…
ADB, insurers to unlock USD 2.5 billion for Asia-Pacific’s small businesses
ADB’s ‘Master Framework Program for Financial Institutions’ expands a credit insurance program that the global lender launched in 2022 The…
AI to open up new competitive dynamics across the insurance sector, says McKinsey
As per McKinsey, adoption of AI will create opportunities for the insurance sector through new risks, new solutions and expanded…
Saudi Re to acquire 22.5% stake in United Kingdom’s Ada Risk Holding
The Kingdom-based reinsurer said the deal would deepen its Lloyd’s market foothold and support its push into international markets Saudi…
Asia remains world’s largest life insurance market, finds Allianz Research study
Asia, marked by demographic aging, high savings rates, and less comprehensive pension systems, saw life insurance premiums growing by 9.9%…
AI search outpaces Google in concentrating insurance visibility, says Somantra study
Among the major industry players, Allianz recorded the highest combined total at 13,437 mentions across Google AI Overviews and ChatGPT…
52nd AIO Conference: Nigerian insurers asked to increase digital adoption
At the AIO Conference, insurance executives argued that the biggest challenge facing the industry was no longer product availability but…
Insurance sector holds key to AfCFTA’s free trade dream, says senior Afreximbank official
While the AfCFTA represents the largest free trade area in the world by number of participating countries, insurance penetration across…