Dhaka – Bangladesh’s non-life insurance sector saw significant delays in claim settlements in 2024, with around 68% of submitted claims remaining unresolved, according to unaudited data submitted by 46 insurers to the Insurance Development and Regulatory Authority (IDRA). Out...

Tokyo – The Japanese government has initiated a nationwide survey into the usage of its public health insurance system by foreign residents, amid growing political concerns about potential misuse by short-term visitors seeking costly medical treatments. This marks the...

Fitch Ratings has downgraded five Chinese insurers following its recent cut to China’s sovereign credit rating, citing reduced expectations of government support and higher exposure to risky assets. The downgraded insurers include China Export & Credit Insurance Corporation, China...

Ottawa (Reuters) – As trade tensions escalate due to U.S. tariffs under U.S. President Donald Trump’s influence, Canadian exporters are increasingly turning to trade credit insurance to cushion potential financial blows. This shift marks a notable change in strategy...

As U.S. President Donald Trump pushes forward with a fresh wave of tariffs targeting imports from China, Mexico, and other major trade partners, the expected economic friction is already beginning to ripple across key sectors. One of the less...

Beijing (Reuters) — China’s financial regulator has announced plans to raise the equity investment limit for insurance funds, in a move aimed at strengthening the capital markets and boosting the real economy. According to a statement issued Tuesday by...

Kathmandu – With Japan’s domestic insurance market facing stagnation due to a shrinking and aging population, major Japanese insurers are accelerating international expansion and acquisitions to secure long-term growth, according to a new commentary from AM Best. The report,...

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...