New Delhi — The United States Trade Representative (USTR) has raised concerns over what it terms an “uneven playing field” in India’s insurance sector, citing the sovereign guarantee provided to Life Insurance Corporation (LIC). In response, the state-owned insurer...

Munich Re The global cyber insurance market is on track to more than double by 2030, according to projections by Munich Re, despite a recent slowdown in premium growth. The reinsurer estimates the market reached $15.3 billion in global...

Mandalay – The devastating earthquakes that struck central Myanmar last Friday have triggered a humanitarian crisis, with the death toll now surpassing 2,600 and thousands more injured or missing. The 7.7 earthquake affected many areas including Mandalay has already...

Mumbai (Times of India) – Despite regulations requiring health insurance companies to cover mental health treatment, claims for such care in India remain extremely low—accounting for less than 1% of total health insurance claims. This finding, highlighted in the...

Seoul – South Korea’s insurance sector is set to experience a shift in capital regulations as the Financial Supervisory Service (FSS) introduces new capital requirements aimed at reducing the financial burden on insurers while improving capital flexibility and quality....

Bangkok  – Following the recent powerful earthquake that struck several parts of Thailand, including Bangkok, the insurance industry is gearing up to reassess its approach to natural disaster coverage. Insurers are now set to discontinue free earthquake coverage and...

Myanmar’s recent 7.7 magnitude earthquake has left the nation reeling, with over 1,600 fatalities, thousands injured, and entire communities devastated. The tremors were felt as far as Bangkok, Thailand, leading to building collapses and widespread panic. The destruction is...

Bangkok (The Nation Thailand) – The Thai insurance sector is assessing damages exceeding one billion baht following the collapse of a partially constructed State Audit Office (SAO) building due to the recent earthquake that struck Myanmar on March 28,...

Singapore (CNA) — An online tool designed to help Singaporeans compare health insurance premiums and plans across different providers. The new Health Insurance Planner (HIP) also aims to help users better understand the long-term MediSave and cash expenses required...

Kathmandu  – The adoption of the artificial intelligence (AI) model DeepSeek by insurance companies in mainland China has the potential to improve operational efficiencies, particularly for small to medium-sized carriers, according to a new commentary from AM Best. While...