The World Bank has slashed South Asia’s growth forecast for 2025, warning that the region’s fragile fiscal condition leaves it ill-prepared to absorb future shocks. In its latest South Asia Development Update released today, the Bank projects regional growth...

Meerut (TOI) – Three months after an insurance multi-crore insurance fraud case that surfaced earlier this year, the Sambhal police have filed an 800-page chargesheet against 11 accused from Uttar Pradesh, Bihar, and Jharkhand in India. The scam, dubbed...

The first quarter of 2025 has seen an alarming surge in economic losses from natural disasters, with damages reaching an unprecedented $83 billion globally, according to risk and reinsurance broker Aon. The bulk of this devastation was concentrated in...

New Delhi (India TV) — A recent survey has revealed a persistent awareness gap among Indian consumers regarding term insurance. According to Policybazaar’s latest report, titled ‘How India Buys Insurance 2.0’, nearly 47.6% of Indians are still unaware of...

Beijing – The National Healthcare Security Administration (NHSA) has launched an official tip-off service through its WeChat platform, inviting ordinary citizens and institutions to report suspected misuse of medical insurance funds. The system not only empowers whistleblowers but incentivizes...

Dhaka – Bangladesh’s non-life insurance sector saw significant delays in claim settlements in 2024, with around 68% of submitted claims remaining unresolved, according to unaudited data submitted by 46 insurers to the Insurance Development and Regulatory Authority (IDRA). Out...

Tokyo – The Japanese government has initiated a nationwide survey into the usage of its public health insurance system by foreign residents, amid growing political concerns about potential misuse by short-term visitors seeking costly medical treatments. This marks the...

Fitch Ratings has downgraded five Chinese insurers following its recent cut to China’s sovereign credit rating, citing reduced expectations of government support and higher exposure to risky assets. The downgraded insurers include China Export & Credit Insurance Corporation, China...

Ottawa (Reuters) – As trade tensions escalate due to U.S. tariffs under U.S. President Donald Trump’s influence, Canadian exporters are increasingly turning to trade credit insurance to cushion potential financial blows. This shift marks a notable change in strategy...

As U.S. President Donald Trump pushes forward with a fresh wave of tariffs targeting imports from China, Mexico, and other major trade partners, the expected economic friction is already beginning to ripple across key sectors. One of the less...