Zurich — The Swiss Re Institute has warned that recent US tariff policies are expected to slow global GDP growth to 2.3% in 2025, down from 2.8% in 2024. The resulting uncertainty is also set to dampen global insurance...

Tokyo (ANN) — Japan’s Health, Labour and Welfare Ministry is planning to allow local governments to collect national health insurance premiums in advance from foreign residents in certain areas, in a bid to curb non-payment issues. Foreigners living in...

The global cyber insurance sector is projected to continue its stable growth trajectory in 2025, buoyed by rising SME demand, regulatory momentum, and technological innovation in underwriting, according to AM Best. Despite a softening market since 2023 due to...

Seoul – In response to worsening summer heatwaves, the South Korean government, in partnership with the insurance industry, is set to launch a climate insurance product by 2026 to protect vulnerable outdoor workers. The planned index-based insurance will provide...

Bangkok – Insurance claims in Thailand from the devastating March earthquake centered in Myanmar could soar to 50 billion baht (approximately USD 1.53 billion), according to the Thai General Insurance Association (TGIA). The quake, which struck on March 28,...

Global credit rating agency AM Best has released its much-anticipated annual ranking of the world’s largest reinsurance companies—and for the first time, the list has been split in two. The cause? The uneven adoption of IFRS 17, the new...

Beijing — China’s insurance industry is on course to nearly double in market value over the next seven years, with projections placing its total worth at USD 1.41 trillion by 2032, according to the latest forecast by Fortune Business...

Sydney — Australia has faced a challenging start to 2025, with three major declared weather events resulting in more than AUD 1.8 billion in incurred insurance claims, according to the Insurance Council of Australia (ICA). The most damaging of...

Aon’s latest midyear 2025 Reinsurance Market Dynamics report has revealed that global reinsurance capital rose to $720 billion by the end of the first quarter, up from $715 billion during the same period in 2024. The report highlights a...

UN High Commissioner for Human Rights, Volker Turk, delivered the stark warning at the UN Human Rights Council this week, as parts of southern Europe sweltered under a red-alert heatwave. With temperatures hitting 41°C in cities like Brussels and...