New Delhi — The Life Insurance Corporation of India (LIC) has categorically denied allegations made in a recent Washington Post report that claimed India’s Finance Ministry expedited a plan to channel nearly $3.9 billion (₹33,000 crore) of the state-owned...

A new insurance solution aimed at mitigating pandemic-related financial losses for businesses has been launched through a collaboration between Gallagher Insurance Brokers, New India Assurance, and Munich Re. The first-of-its-kind parametric pandemic insurance policy was issued to The Phoenix...

Paris — French authorities have estimated the losses from the dramatic Louvre Museum robbery at nearly €90 million, as investigators intensify their hunt for the criminal gang behind one of France’s most daring heists in decades. According to Paris...

Paris — In one of the most shocking art heists in recent history, thieves have stolen eight priceless royal jewels from Paris’s Louvre Museum — and none of the items were insured. According to France’s Ministry of Culture, the...

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....