702, 2024

China Property Insurance Market Overview 2023

According to statistics from the Chinese National Financial Regulatory Administration, in the first 10 months of the year 2023, the direct insurance premium income of the property insurance industry increased by 7.16% from 2022. This rate is lower than the 9.94% [...]

1701, 2024

New Compulsory Insurance in Hungary – Environmental Pollution

From the 1st of January, 2024 a new Government Decree on the detailed rules of environmental insurance related to waste management entered into force in Hungary - under the number of 681/2023. (XII. 29.) -, which establishes an obligation for both [...]

1601, 2024

South Africa – Political & Labour Violence Coverage

South Africa, a country with a multi-faceted history and diverse social challenges, has taken significant legislative steps in recent decades to ensure the safety and protection of its citizens. 2024 is an election year in South Africa, so an increased risk [...]

801, 2024

UAE Regulatory Update: New Unemployment Insurance Scheme

About the Involuntary Loss of Employment Scheme Enacted through Federal Decree Law No. 13 of 2022 on the Involuntary Loss of Employment (ILOE), this distinctive Scheme ensures financial protection for individuals who experience job loss unrelated to disciplinary measures or voluntary [...]

2012, 2023

Argentina: New Developments in Reinsurance Tax

As of December 19, 2023, the recently implemented tax on reinsurance remains at a fixed rate of 25% on premiums ceded to overseas reinsurers. However, it is important to note that this percentage exhibits variability among carriers and risks, particularly when [...]

2012, 2023

Recent Revisions to Turkey’s Earthquake Tariff

In recent years, Turkey has witnessed several revisions to its compulsory earthquake tariff, reflecting the dynamic nature of the insurance landscape. These changes are a response to factors such as high inflation, currency fluctuations, and the profound impact of the devastating [...]

1412, 2023

Charting Success: Insights from TRC’s Member Poll

In a recent member poll, Trust Risk Control received valuable feedback from its partners, shedding light on the successful 25-year journey and areas for further improvement. The responses, provided anonymously, reflect the diverse perspectives of many participants who shared their experiences [...]

2711, 2023

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We are pleased to announce that the following international partners have joined the TRC network since the end of 2022 and in 2023. We sincerely welcome all new partners and look to a successful joint future and cooperation. Asian Risks [...]

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