Global credit rating agency AM Best has released its much-anticipated annual ranking of the world’s largest reinsurance companies—and for the first time, the list has been split in two. The cause? The uneven adoption of IFRS 17, the new...

Beijing — China’s insurance industry is on course to nearly double in market value over the next seven years, with projections placing its total worth at USD 1.41 trillion by 2032, according to the latest forecast by Fortune Business...

Sydney — Australia has faced a challenging start to 2025, with three major declared weather events resulting in more than AUD 1.8 billion in incurred insurance claims, according to the Insurance Council of Australia (ICA). The most damaging of...

Aon’s latest midyear 2025 Reinsurance Market Dynamics report has revealed that global reinsurance capital rose to $720 billion by the end of the first quarter, up from $715 billion during the same period in 2024. The report highlights a...

UN High Commissioner for Human Rights, Volker Turk, delivered the stark warning at the UN Human Rights Council this week, as parts of southern Europe sweltered under a red-alert heatwave. With temperatures hitting 41°C in cities like Brussels and...

According to a recent report from Reuters, Insurance costs for ships heading to Israel have soared sharply as tensions with Iran intensify, pushing war risk premiums up to three times higher than last week, according to global marine insurance...

Hanoi – Vietnam’s National Assembly has approved a significant amendment to the Employment Law, broadening access to preferential loans and expanding the scope of unemployment insurance to include a wider range of workers. The revised law, passed on Monday,...

Aviation insurance premiums in India are expected to increase by 5–10 percent in the fiscal year 2026/27 (FY27), following a surge in claims stemming from a series of recent aviation accidents, most notably the Air India AI-171 crash in...

The U.S. insurance market is facing sustained pressure as premiums continue to rise across the country. The average cost of claims per insured home in the United States has increased at a rate faster than inflation over the past...

Mumbai (ET) — The recent crash of an Air India Boeing 787 Dreamliner near Ahmedabad is expected to result in India’s largest aviation insurance payout in Indian history, with total claims projected to surpass $120 million. The tragic incident,...