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...

(Reuters) – A cyberattack on U.S. insurance firm Allianz Life in late July compromised the personal data of approximately 1.1 million customers, according to breach notification platform Have I Been Pwned. The company had earlier disclosed that hackers gained...

Swiss Re has secured the top position in AM Best’s latest “World’s 50 Largest Reinsurers” rankings under IFRS 17 reporting standards, moving ahead of Munich Re. The rankings were published ahead of the Rendez-Vous de Septembre in Monte Carlo,...

The Indian government is considering significant reductions in the Goods and Services Tax (GST) on small cars and insurance premiums, a move aimed at boosting consumer spending and providing relief to households. According to government proposals, the GST on...

Swiss Re has delivered strong financial results in the first half of 2025, reporting a net income of US$2.6 billion. The reinsurer achieved a return on equity (ROE) of 23%, up from 19.6% a year earlier, supported by solid...

Zurich — Swiss Re has updated its Life Guide, introducing new underwriting guidance for life insurance applicants who may be using repurposed longevity drugs—a growing trend among health-conscious individuals. The update addresses medications such as metformin and rapamycin, originally...