Best of 2016, insurance industry activities

Atlas Magazine provides you with the insurance industry best events in 2016. All publications concerning changes in regulation as well as insurers' strategies are included.

Regulation/Legislation

• January:
  Kenya : Market consolidation measures
• March:
  Indonesia : Regulation of foreign investments in local insurance companies Morocco : Official launch of the new insurance supervisory authority (ACAPS) Mauritania : establishment of an independent insurance regulatory commission Tunisia : Insurance agents’ union dismisses article 56 of the finance law
• April:
  Africa : Approvals for new insurance companies in the CIMA zone in 2015 Jordan : Consolidation of the Jordanian insurance sector Morocco : Insurance draft bill against natural catastrophes
• June:
  India : License for 23 non-resident reinsurers Kenya : Stiffening control over the insurance sector
• July:
  Algeria : A new system aimed at speeding up motor claims payment Asia : New guidelines in the reinsurance sector in Asia Kenya : New regulations for Kenyan insurance companies Morocco : Contractor’s all risks and decennial TPL will be mandatory starting from 2017 Turkey : Reform targeting motor third party liability insurance
• October:
  China : Stiffer control on insurance products Jordan : Future project for the establishment of a protection fund for policyholders Malaysia : Amendment of the insurance code to promote innovation World : Brexit: what consequences on insurance regulation in Europe ? Qatar : Regularization of the brokerage sector
• November:
  Saudi Arabia Saoudite : New health insurance: the second phase of implementation process launched Algeria:

  • A 20% increase in motor vehicle liability insurance rates
  • The CSA issues a call to order to Algerian insurers

  Uganda : Draft bill authorizing bancassurance Tunisie : Amendment of the Insurance Code
• December:
  United Arab Emirates : Unification of car insurance rates Morocco : Cover scheme against natural and man-made catastrophes Senegal : The system of brown card insurance, CEDEAO, adopted Zimbabwe : New risk management directive

Strategy

• January:
  World : Lloyd's launched into modeling cyber-risk insurance
• February:
  Germany : Insurers lay off to save money World : Europe, reinforcement of corporate IT systems
• March:
  Ethiopia : Ethiopia, a new insurance policy for the coverage of crops Middle East : homogenization of insurance laws required
• May:
  Africa : Partnership between ADB and the African catastrophe insurance pool ARC
• June:
  China : Launch of the first earthquake insurance in China
• July:
  Africa : The African reinsurance market continues to attract investors Saudi Arabia : New regulations to fight against uninsured cars China : Swiss Re launches into reinsurance of Chinese agricultural risks France : Axa presents its objectives for the 2020 horizon Morocco : Banks and insurance companies protect themselves against systemic risks
• October:
  Saudi Arabia : Towards a new increase in motor tariffs United Arab Emirates : DIFC is still attractive despite economic slowdown United Kingdom : Facebook, a new way to adjust motor insurance tariffs
• November:
  China :

  • At least 25 local reinsurers in wait for license
  • Chinese insurers are planning to invest 100 billion USD beyond their borders

  World : Collaboration among anti-terrorism insurance pools
• December:
  Egypt : Issuance of electronic insurance policies