India – De-notification of certain Tariffs
India’s Insurance industry is one of the premium sectors experiencing upward growth. This upward growth of the insurance industry can be attributed to growing incomes and increasing awareness in the industry. India is one of the top 10 largest non-life insurance [...]
New flexible benefits platform launched by REGO Group
New flexible benefits platform launched by REGO Group for Portugal and Spain aims towards changing how employees are compensated PeopleInBest, the latest brand in the flexible benefits sector and Human Resources compensation management, announces its official launch and entry into the [...]
Expertise in the Mongolian market – AME CINCo Group
Mongolia Population 3,530,000 GDP 12.4bn GDP Growth 3.5% GDP Growth (Industry) 33.1% Inflation 13% Major Industries construction materials mining (coal, copper, molybdenum, fluorspar, and gold) oil food and beverages processing of animal products Exports now [...]
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% [...]
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 [...]
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 [...]
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 [...]
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 [...]