Berkshire Hathaway Specialty Insurance’s Post

Thanks ITC Asia (InsureTech Connect Asia) for inviting me to judge these awards in 2025. Looking forward to learning what amazing innovation has been underway across Asia in the insurance industry over the past year! I am sure we will have a challenging time as judges to pick the winners. Please see link below to learn more about the categories and how to submit entries #ITCAsiaAwards #ITCAA #ITCAsia25

Today, I covered the Brazil-UK Insurance Forum at the Brazilian Embassy in London. Brazil’s Ambassador to the UK, Antonio Patriota, encouraged insurers to “seize the moment” and tap into opportunities within Brazil’s growing market. Dyogo Oliveira, president of the Brazilian Insurance Confederation (CNseg), also shared his insights on both the challenges and growth potential for insurers in Brazil. A key moment was the signing of a memorandum of understanding between CNseg - Confederação Nacional das Seguradoras and the Association of British Insurers (ABI) as ABI director general Hannah Gurga and Dyogo Oliveira formalised a commitment to strengthen collaboration between the two markets. Full coverage is available on InsuranceERM . #Insurance #Brazil #UK. https://lnkd.in/enpa8kbD

Exciting Development in the Insurance Sector! The acquisition of AIG Kenya Insurance Company Ltd by NCBA Group marks a pivotal moment in the industry landscape. With NCBA Group's acquisition strategy emphasizing expansion and diversification, this move underscores a strategic alignment towards enhancing service offerings and market presence. As an analyst, I see this integration as a catalyst for innovation and heightened customer value in insurance solutions. The synergy between AIG Kenya's established expertise and NCBA Group's robust financial backing positions them strongly for future growth and competitiveness. This strategic merger not only strengthens NCBA Group's portfolio but also sets a precedent for collaborative ventures that prioritize customer-centricity and sustainable business practices. It will be intriguing to observe how this synergy unfolds, driving advancements in product innovation and market responsiveness. #InsuranceIndustry #StrategicAcquisition #MarketInsights #FinancialAnalysis

Learn more: https://lnkd.in/eFwNUvQX AM Best is maintaining a Stable outlook on Malaysia’s non-life #insurance segment, citing sustained underwriting and pricing discipline, along with expected premium growth backed by regulatory reforms designed to increase insurance penetration. #nonlife #nonlifeinsurance #Malaysia #insuranceindustry

The Insurance Regulatory and Development Authority of India (IRDAI) recently introduced the IRDAI (Corporate Governance for Insurers) Regulations, 2024, on March 20, 2024. These regulations aim to establish a coherent framework for insurers to structure their governance, outlining the roles and responsibilities of their board of directors (Board) and management. They are applicable to all insurers except Foreign Reinsurance Branches (FRBs) or foreign reinsurers' branch offices in India. While the Regulations comprehensively cover the aspects outlined in the Guidelines, it remains unclear whether they replace the Guidelines altogether. To gain insights into some key features outlined in the Regulations, refer to the article authored by our Senior Partner Sakate Khaitan, Senior Associate Arushi Arora and Associate Lovina Ropia . #KLA #SakateKhaitan #IRDAI #CorporateInsurers #FRBs #Compliance

The Insurance Regulatory and Development Authority of India (IRDAI) recently approved eight consolidated regulations during its 125th meeting, as part of a comprehensive review of the insurance sector's regulatory framework. Among these regulations is the IRDAI (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024, which replaces the Lloyd’s India Regulations from 2016 and the FRB Regulations from 2015. Our Senior Partner Sakate Khaitan and our Senior Associate Arushi Arora have provided an in-depth analysis of the changes pertaining to foreign reinsurers' branch offices (FRBs) in the article given below. #KLA #SakateKhaitan #InsuranceRegulation #IRDAI #InsuranceSector #RegulatoryFramework #ForeignReinsurers #LloydsIndia #BranchOffices #RegulatoryChanges

CAP ASSURANCE : workshop sur le courtage

elseco's Founder and CEO Laurent Lemaire joined the recent 'View From The Top' Dubai World Insurance Congress [DWIC] panel which sparked insightful discussions on pivotal issues that have shaped the reinsurance landscape. With a focus on attracting investment and growth, the panel explored whether the reinsurance sector had become an attractive investment following strong underwriting profits and rising RoEs. Discussions also delved into the potential for insurance and reinsurance expansion in the Middle East alongside ambitious construction and infrastructure projects. Capital inflows and capacity availability were scrutinized, with attention given to the implications of changing market dynamics on a global and regional scale. The panel also reflected on the role of innovation, particularly the rise of insurtech MGAs, and how they are reshaping the industry, with a particular focus on the DIFC and how it has become a major hub for MGAs. Furthermore, discussions centered on nurturing artificial intelligence (AI) with a focus on AI's immediate utility as a potential game-changer and its evolving role as a catalyst for reshaping the future of insurance and reinsurance practices. The panel also acknowledged the market's allure with strong pricing, profits, and record capacity levels, while also recognizing the volatile and uncertain risk landscape. From climate risks and extreme weather events to trade tensions, geopolitics, and emerging technologies, the panelists explored how the reinsurance market is positioned to successfully navigate these complexities and went on to discuss how Dubai seems to be the right place to ask this question due to its reputation for attracting global talent. The panelists explored future hurdles and strategies for sustaining Dubai's appeal as a talent destination. Thank you to Dubai World Insurance Congress [DWIC], Global Reinsurance and the DIFC for organising the 7th annual DWIC! We look forward to the next one. #DWIC24 #REINSURANCE #DIFC #Dubai #Conference

🚨 NAPP Suspends Euroasia Insurance License 🚨 The National Agency for Perspective Projects (NAPP) has suspended the license of Euroasia Insurance, effective immediately. The company is now prohibited from entering new contracts or renewing existing ones until December 16. Despite the suspension, Euroasia Insurance must still fulfill its obligations on previously agreed contracts. 👉Read more: https://lnkd.in/d-tdscZz #EuroasiaInsurance #NAPP #LicenseSuspension #InsuranceSector #Uzbekistan #BusinessNews

On December 12, 2024, the Abu Dhabi Global Market (ADGM) announced the establishment of the Insurance Association, a key milestone for advancing the insurance and reinsurance sectors in ADGM and the UAE. This initiative aims to: - Foster collaboration among industry stakeholders - Advance professional standards and best practices - Provide a unified voice for the sector, engaging with regulators and policymakers. Details regarding the Association's structure, membership opportunities, and activities will be announced in the near future. You can find the link to the full announcement in the first comment.