Seoul (The Korea Times) – Illegal health insurance claims filed by foreigners and overseas Koreans in South Korea saw a sharp rebound in 2024, reversing a years-long downward trend. According to data released by the National Health Insurance Service...

The United States auto insurance market remains under pressure as inflation, litigation, and rising repair costs continue to impact both personal and commercial segments, according to a recent analysis by Nelson (Senior Underwriter, CPO P&C Reinsurance at Swiss Re)....

China’s insurance sector is under growing pressure following the United States’ imposition of steep new tariffs on Chinese exports, a move expected to intensify financial risks across key insurance lines and slow premium growth. According to GlobalData (a leading...

Wasington DC – In the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), a high-level roundtable on Syria was co-hosted by Saudi Arabia’s Finance Minister Mohammed AlJadaan, IMF Managing Director Kristalina Georgieva,...

South Korea’s data protection authority has accused Chinese artificial intelligence service DeepSeek of illegally transferring Korean users’ personal information to companies in China and the United States without consent. The accusation was made public on Thursday following an investigation...

Moscow/ New Delhi (Reuters) – As Western sanctions continue to tighten around Russia’s oil export mechanisms, three additional Russian insurance firms including a subsidiary of Russia’s largest lender, Sberbank have approached Indian authorities seeking approval to provide marine insurance...

Zurich — Swiss Re has announced the appointment of Bernhard Kaufmann as its next Group Chief Risk Officer (CRO), effective October 1, 2025. He will succeed Patrick Raaflaub, who currently holds the position. Kaufmann brings nearly two decades of...

South Korea’s motor insurance sector is projected to expand at a steady pace over the next four years, fueled by a surge in electric vehicle (EV) adoption, increased premium rates, and a rebound in vehicle sales. According to industry...

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...