India is on course to become Asia’s second-largest life insurance market by 2035, overtaking Japan, according to the newly released Allianz Global Insurance Report 2025. The report highlights India’s strong growth trajectory, driven by a projected compound annual growth...

Islamabad – Pakistan has strongly condemned recent remarks made by Indian Prime Minister Narendra Modi during a speech in Gujarat, describing them as theatrical and dangerously provocative. In an official statement, Pakistani government has expressed a grave concern over...

In a significant step toward climate resilience, VisionFund International (VFI) and IBISA have launched ClimaCash+, an innovative parametric insurance product designed to support low-income communities facing climate-related disasters. Piloted in Kenya in 2024, ClimaCash+ aims to provide fast, simple,...

New Delhi – Life Insurance Corporation of India (LIC) has secured a coveted place in the Guinness World Record by setting a new global benchmark for the “Most life insurance policies sold in 24 hours.” On January 20, 2025,...

Brussels (Reuters) — Extreme weather events driven by climate change are costing the European Union’s agricultural sector an estimated €28.3 billion annually, according to a new EU-backed analysis. The figure represents nearly 6% of the EU’s yearly crop and...

India’s health insurance sector is set for a major leap, with its market size projected to grow from USD 15.99 billion in 2024 to around USD 38.2 billion by 2032, backed by a compound annual growth rate (CAGR) of...

Hong Kong’s general insurance market is projected to grow at a compound annual rate of 5.1%, reaching HK$85.4 billion (US$10.9 billion) in gross written premiums (GWP) by 2029, according to GlobalData. This forecast aligns with the Insurance Authority’s (IA)...

Japan’s insurance market is projected to grow from USD 324.77 billion in 2024 to USD 496.53 billion by 2033, marking a compound annual growth rate (CAGR) of 4.83%, according to a recent report by Astute Analytica. The report attributes...

Mumbai (TOI) — Insurance providers across India have begun receiving a surge of enquiries for war risk cover following the recent military initiative, Operation Sindoor, carried out by Indian forces. Industry insiders say the sudden spike in demand is...

Mumbai — Mental health insurance is gaining significant traction in India, with searches rising by 41% in 2025 compared to the previous year, according to a new survey by Policybazaar. The surge is primarily driven by young adults aged...