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Insurance news provides updates on industry trends, regulations, and innovations. It covers topics such as new insurance products, market developments, and insights into risk management, offering valuable information for policyholders and industry professionals alike.
Agile Names New Compliance Chief
Agile Underwriting Services (Agile) has announced the appointment of Matthew Rowan as its new Group Risk and Compliance Officer, effective...
Read moreFailed Sale Marks Third Attempt for MG Non-Life Insurance
Seoul — MG Non-Life Insurance's third attempt to secure a new owner has once again faltered due to persistent concerns...
Read moreWhy Auto Insurance Premiums Are Rising
A recent news report attributed the surge in auto insurance premiums to higher “labor and materials” costs, but this explanation...
Read moreTech Outage Spurs Surge in Business Interruption Claims
A global tech outage on Friday, triggered by a faulty update from cybersecurity firm CrowdStrike, has led to significant disruptions...
Read moreLIC Stock Soars 16% in July Amid Positive Sector Forecast
LIC shares have surged 16% this July on the BSE, hitting Rs 1,143.80, and are approaching their February 2024 peak...
Read moreGlobal Natural Catastrophes Drive $61 Billion in Insured Losses in First Half of 2024
In the first half of 2024, the insurance industry faced an extraordinary financial impact from natural catastrophes, with global insured...
Read moreSouth Korean Court Grants Spousal Insurance to Same-Sex Couple
South Korea's Supreme Court ruled on Thursday that same-sex couples are entitled to spousal health insurance coverage, marking a historic...
Read moreSouth Korean Court Extends Health Insurance to Same-Sex Couples
South Korea’s Supreme Court has ruled in favor of same-sex couples receiving spousal health insurance benefits, marking a historic step...
Read moreManulife Expands Asia Leadership Team with Key Appointments
Manulife has announced the expansion of its Asia Distribution Team with two significant senior appointments, both effective August 19. Bonnie...
Read moreNew Zealand Insurance Sector Maintains Resilience Amid Regulatory Vigilance
New Zealand's insurance industry continues to demonstrate robustness under stringent regulatory oversight, according to a recent assessment by Fitch Ratings....
Read moreRecent Posts
UK Watchdog to Ease Insurance Rules for Large Companies in Bid to Support Economic Growth
The UK’s financial markets watchdog, the Financial Conduct Authority (FCA), is planning to relax regulations on how insurers sell policies...
As Insurance Costs Rise, New Zealand Faces Tough Choices for Disaster Recovery
The increasing frequency of climate change-induced extreme weather events is making it harder for many homeowners in New Zealand to...
Kenya’s Local Marine Cargo Insurance Directive: A Game Changer or Trade Barrier?
Kenya is introducing a significant shift in its marine cargo insurance landscape: all imports into the country must now be...
China Eases Capital Rules to Boost Insurers’ Equity Investment
Fitch sees potential for increased market exposure, but warns of heightened earnings volatility Chinese insurers are poised to ramp up...
Insurance Firms Face Headwinds Amid Tighter Bond Redemption Rules
Financial Supervisory Service Blocks Lotte Insurance’s Early Bond Redemption, Stirring Market Unease South Korea’s insurance sector is facing mounting pressure...
Bowtie Launches First Term-Based Critical Illness Plan for Children and Pregnant Women
Bowtie, a virtual insurer based in Hong Kong, has unveiled its "Children’s Growth Term Critical Illness Insurance" plan, addressing a...
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