Global property reinsurance prices are falling.
Global credit rating agency AM Best has revised its outlook for the worldwide reinsurance sector from “Positive” to “Stable”, citing …
Updates
Stay informed with the latest developments from the global insurance industry. The Update category delivers timely news, policy changes, regulatory insights, market trends, and innovations shaping the future of insurance worldwide.
Insurance fraud in fake accident case: Case filed against 8 individuals
Daejeon Metropolitan Police Bureau has recently filed charges against a sophisticated insurance fraud ring that orchestrated staged road accidents to …
New Life Insurance Rule Caps Overseas Head Office Spending
The Insurance Development and Regulatory Authority (IDRA) has introduced a new rule limiting the operational expenditure of life insurance companies’ …
APAC Crop Insurance Set for Rapid Growth
The Asia-Pacific (APAC) crop insurance market is projected to experience substantial expansion over the next decade, emerging as a dominant …
India Poised to Lead Global Insurance Growth
India’s insurance market is on track to outpace both China and the United States in premium growth by 2030, according …
Convective Storms Overtake Cyclones in Global Insurance Losses
Severe convective storms (SCS) have emerged as the leading cause of insured losses worldwide, surpassing tropical cyclones, according to Aon’s …
Six Life Insurers Earn IDRA Excellence Award 2025
The Insurance Development and Regulatory Authority (IDRA) has officially designated six life insurance companies as recipients of the prestigious IDRA …
Islamic Commercial Insurance Hosts Branch Managers Conference
Islamic Commercial Insurance PLC successfully held its Branch Managers Conference 2026, bringing together senior management and branch leaders to review …
IDRA Sets Clear Guidelines for Motor Insurance FIV
The Insurance Development and Regulatory Authority (IDRA) has taken a pivotal step in standardising the determination of Full Insured Value …
FID Summits Address Legal Overhaul of Insurance Sector
The Financial Institutions Division (FID) of the Ministry of Finance has initiated a high-level review of the nation’s insurance framework, …