Global reinsurance leader Munich Re has issued a strong warning about the widening cyber insurance protection gap, calling it not only a strategic priority for the insurance sector but a “critical societal responsibility.” Speaking at its 2025 Baden-Baden breakfast...

New Delhi – The Government of India has initiated early discussions with local insurers to develop a nationwide climate-linked insurance program aimed at providing prompt financial assistance following extreme weather events, such as floods, heatwaves, and cyclones. The proposed...

New Delhi (CNBC) – Complaints related to insurance nearly doubled in the second half of 2025 compared to the first, according to the Q2 2025 Trends Report released by Insurance Samadhan, a privately run grievance redressal platform. The report...

Beijing – China’s once-thriving electric vehicle (EV) insurance sector is turning into a major financial burden for insurers, as claim volumes and repair costs surge far beyond expectations. Industry data show that insurers collectively lost 5.7 billion yuan ($802...

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Swiss Reinsurance Company Ltd (Switzerland) and its rated operating affiliates, all subsidiaries of Swiss Re Ltd...

Traditional market merchants in South Korea will soon have a new form of financial protection against weather-related income losses. KB Sonbo Insurance Co., Ltd. announced it will launch the country’s first “index-based weather insurance” product for merchants next month....

Prime Minister Narendra Modi emphasized to Chinese President Xi Jinping that maintaining peace and tranquility along the India-China border is akin to an insurance policy for the bilateral relationship, according to Foreign Secretary Vikram Misri. The discussions took place...

The Insurance Regulatory and Development Authority of India (IRDAI) is considering capping annual premium hikes on health insurance policies, a move aimed at striking a balance between affordability for policyholders and sustainability for insurers. The proposal is expected to...

Asia’s reinsurers are increasingly expanding into mature overseas markets to diversify risk and better manage underwriting cycles, according to a new report by AM Best. The report, Asia in Focus: A Two-Way Street for Reinsurance Diversification, shows that most...

The QualRisk Cyber Insurance Center (QCC) has unveiled its 2025 Global Market Report (GMR), highlighting a dramatic shift in the global cyber insurance industry. According to the report, global premiums are projected to climb $27 billion by 2030, and...