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...

As the world continues to grapple with intensifying climate-related disasters, the Swiss Re Institute has reported a marked rise in global insured and economic losses for the first half of 2025, with warnings that the year’s total could exceed...

Cape Town — South Africa is assessing the feasibility of introducing parametric flood insurance for some of its largest cities, following a series of devastating climate-related disasters that have strained public finances and exposed the country’s vulnerability to extreme...

U.S. President Donald Trump has once again escalated trade tensions with India, warning of steep tariff hikes over its continued purchase of Russian oil. In a social media post, Trump accused India of profiting from Russian crude while ignoring...

New Delhi – The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a hefty penalty of ₹5 crore on Policybazaar Insurance Brokers Pvt. Ltd. for multiple violations of regulatory norms, including biased product promotions and significant delays...

Seoul (The Korea Herald) – With cyberattacks on the rise, South Korean insurers are stepping up efforts to expand cyber insurance coverage. Recent high-profile breaches, including at SK Telecom and Seoul Guarantee Insurance (SGI), have exposed major gaps in...

(CNN) – A powerful earthquake with a magnitude of 8.8 struck off Russia’s Far Eastern Kamchatka Peninsula early Wednesday, triggering a tsunami of up to 4 meters and prompting widespread evacuations across the Pacific region, including Japan, Hawaii, and...

Natural disasters across the globe have caused an estimated US$131 billion in overall losses in the first half of 2025, according to data compiled by Munich Re. While slightly lower than the inflation-adjusted US$155 billion recorded in the same...