Insurance

Grupo Mutua raises stake in Seguros del Estado to 100%

The board of Grupo Mutua approved the acquisition of the remaining 55% stake in Seguros del Estado and Seguros de Vida del Estado, securing full ownership of both companies.

Egypt's FRA issues new takaful insurance regulations

May 10, 2026 Ti AI ṣe iroyin

The Financial Regulatory Authority issued Decision No. 70 of 2026 to regulate takaful insurance activities. The framework aims to revitalise the market in line with the Unified Insurance Law.

Áfríkà

Egypt's FRA grants temporary licences to six healthcare TPAs

Europe

Court of auditors recommends limiting natural disaster coverage

Iṣowo

US insurers' FHLB advances reach record $177.85 billion

Hong Kong life insurance sales hit record amid rise of millionaires

Life insurance sales in Hong Kong rose 50.6% to a record US$42.2 billion last year, driven by affluent customers seeking wealth transfer, protection and medical coverage. Paul Murray, CEO of Swiss Re’s life and health business, attributed the growth to more wealthy individuals establishing family offices in the city. Hong Kong’s lack of estate duty and tax incentives for single family offices since 2023 have drawn high-net-worth families.

Jio Financial Services and Allianz Group form 50:50 JV for general and health insurance

April 22, 2026 Ti AI ṣe iroyin

Jio Financial Services (JFSL) and Allianz Group entered a binding agreement on Wednesday to form a 50:50 primary insurance joint venture covering general and health insurance in India. The JV will launch operations upon receiving necessary statutory and regulatory approvals. JFSL and Allianz are also working toward a separate binding agreement for life insurance business in India.

Asia