New Delhi (CNBC) — Patanjali Ayurved, led by Baba Ramdev, has acquired a majority stake in Magma General Insurance in partnership with DS Group at a valuation of Rs 4,500 crore, subject to regulatory approvals. Following the acquisition, Patanjali...

Kuala Lumpur – The Malaysian government has announced new measures to address the rising cost of health insurance and takaful premiums, aiming to ease the financial burden on policyholders. Deputy Prime Minister of Malaysia, Datuk Seri Ahmad Zahid Hamidi...

The Korea Times Seoul – Sales of whole life insurance in South Korea have declined sharply in recent years as policyholders reconsider the value of long-term death benefits amid rising life expectancy and changing financial priorities. In response, financial...

The Brand Finance Insurance 100 Ping An Insurance has maintained its position as the world’s most valuable insurance brand for the ninth consecutive year, according to the Brand Finance Insurance 100 2025 report released by Brand Finance, the leading...

Insurance Council of Australia Sydney – The Insurance Council of Australia (ICA) has declared an Insurance Catastrophe for the southeast Queensland and northern New South Wales regions following the impact of Tropical Cyclone Alfred and subsequent storms since Friday,...

Beijing (Reuters) – Tesla is introducing an insurance subsidy for its Model 3 buyers in China as it grapples with slowing global sales and increasing competition in key markets. The U.S.-based electric vehicle (EV) manufacturer announced that customers who...

Munich – Munich Re has once again outperformed expectations, reporting a net profit of €5.7 billion for the 2024 financial year—€700 million above its original target. This marks the fourth consecutive year of exceeding profit goals, reflecting the company’s...

Zurich – Swiss Re has announced a strong financial performance for 2024, recording a net income of USD 3.2 billion and achieving a 15% return on equity (ROE). The company’s Board of Directors has proposed an 8% increase in...

Reuters Global reinsurance giant Swiss Re has projected approximately $700 million in preliminary claims related to the devastating wildfires in Los Angeles. The firm also estimated that total insured market losses from the disaster could reach $40 billion. Despite...

Life Insurance International   China has emerged as the global leader in electric vehicle (EV) insurance adoption, significantly outpacing other markets, according to GlobalData’s 2024 Emerging Trends Insurance Consumer Survey. The study, which gathered data from multiple countries, reveals that...