According to a recent report from Reuters, Insurance costs for ships heading to Israel have soared sharply as tensions with Iran intensify, pushing war risk premiums up to three times higher than last week, according to global marine insurance...

Hanoi – Vietnam’s National Assembly has approved a significant amendment to the Employment Law, broadening access to preferential loans and expanding the scope of unemployment insurance to include a wider range of workers. The revised law, passed on Monday,...

Aviation insurance premiums in India are expected to increase by 5–10 percent in the fiscal year 2026/27 (FY27), following a surge in claims stemming from a series of recent aviation accidents, most notably the Air India AI-171 crash in...

The U.S. insurance market is facing sustained pressure as premiums continue to rise across the country. The average cost of claims per insured home in the United States has increased at a rate faster than inflation over the past...

Mumbai (ET) — The recent crash of an Air India Boeing 787 Dreamliner near Ahmedabad is expected to result in India’s largest aviation insurance payout in Indian history, with total claims projected to surpass $120 million. The tragic incident,...

Tokyo – Japan is preparing to introduce stricter entry regulations for foreign tourists, aiming to address the growing issue of unpaid medical bills left by visitors. The proposed measures may require travelers to provide proof of medical insurance prior...

Bangkok – Thailand’s non-life insurance sector is on alert as concerns escalate over the growing risks associated with electric vehicle (EV) insurance. Industry leaders are urging caution following reports that a Chinese EV manufacturer active in the Thai market...

New Delhi (TOI)  – In a decisive policy signal, India’s Ministry of Finance has urged the insurance sector to step up efforts in offering robust and inclusive cyber insurance solutions, as the nation confronts a sharp rise in digital...

Kathmandu –  The Asian Development Bank (ADB) has appointed ICIMOD to act as one of three technical implementing partners in a major initiative designed to transform climate and disaster risk reduction in the Hindu Kush Himalaya region. ICIMOD collaborates...

AM Best has upheld its stable outlook on South Korea’s non-life insurance sector, citing improved capital management driven by the country’s evolving solvency standards. The global credit rating agency acknowledged moderate growth in both long-term and general insurance lines,...