Insurance companies in 2021: withdrawal of licenses and sanctions

March 01, 2022

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Withdrawal of licenses / Sanctions

January:
Saudi Arabia : The CMA penalises seven executives and directors from Weqaya Takaful France : AXA France to cover the losses of a hotelier / restaurateur India : IRDAI imposes two penalties on Bharti AXA Oman : CMA suspends the activities of several Omani insurance agents United Kingdom : Business interruption: British insurers ordered to compensate 370 000 businesses
February:
Côte d’Ivoire : The Côte d'Ivoire insurance mediator receives about a hundred claims Nigeria : The Nigerian Stock Exchange suspends LASACO Assurance's activities
April :
India : IRDAI fines four Indian insurers
May:
China : Health insurance fraud in China: stricter penalties France : BNP Paribas Cardif, sanctioned

Companies in difficulty

January:
United States : Amazon, JPMorgan, and Berkshire Hathaway close Haven’s activities India : Injection of funds into three Indian insurance companies

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