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Insurance news provides updates on industry trends, regulations, and innovations. It covers topics such as new insurance products, market developments, and insights into risk management, offering valuable information for policyholders and industry professionals alike.
Hannover Re’s H1 2024 Net Income Jumps 21%
Hannover Re's net income for the first half of 2024 surged 21% to $1.32 billion (EUR1.2 billion), driven by gains...
Read moreCar Insurance Costs Surge Amidst Various Contributing Factors
Car insurance premiums have surged this year, with no immediate relief in sight. According to experts, the increase is due...
Read moreVeritas Kapital Assurance Targets Top Five Insurance Spot by 2025
Veritas Kapital Assurance Plc aims to be among Nigeria’s top five insurance companies by 2025, according to Managing Director and...
Read moreCrawford Launches Japan Connect for Streamlined Claims Management
Crawford & Company has introduced Japan Connect, a claims-handling model tailored for Japanese insurers operating in Asia. This new system...
Read moreHigh Interest Rates Strain South Korean Non-Life Insurers
South Korea’s non-life insurers—CI Guarantee (CIG), Korea Finance for Construction (KFINCO), Construction Guarantee (CG), and Seoul Guarantee Insurance (SGI)—are facing...
Read moreMTek and BuuPass Join Forces to Provide Affordable Travel Insurance in Kenya
MTek Services has formed a new alliance with BuuPass to deliver comprehensive personal accident insurance for Kenyan travelers heading to...
Read moreU.S. Car Insurance Premiums Jump 15% Since January
Car insurance premiums in the U.S. have risen by 15% since January, continuing the trend from 2023 due to soaring...
Read moreThailand’s Life Insurance Sector to Expand Amidst Aging Population and Health Awareness
Thailand's life insurance market is forecasted to grow at a compound annual growth rate (CAGR) of 4.4%, reaching THB781.7 billion...
Read moreGenerali Sees 9% Drop in H1 2024 Net Earnings
Generali's net profit plummeted 98.5% year-on-year to $2.238 billion (€2.052 billion) for the first half of 2024, though gross written...
Read moreSompo Holdings Sees 19.6% Boost in Q1 2024 Net Income
Sompo Holdings reported a 19.6% increase in net income for Q1 2024, reaching $0.82 billion (¥120.7 billion). The net income...
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OPTIS: Insurance M&A Falls 10%
As of the end of September 2024, the total number of insurance agency mergers and acquisitions (M&A) has decreased by...
Marsh: US Rates Up 3%
In the third quarter of 2023, commercial insurance rates in the U.S. experienced an overall increase of 3%, with casualty...
Progressive Ends Fire Insurance
Progressive Insurance has announced that it will discontinue offering dwelling fire insurance, commonly known as "landlord insurance," for non-primary residences...
Zurich Insurance Sets New Goals
Zurich Insurance Group AG has announced ambitious new targets for profitability and growth over the next three years, driven by...
4th Circuit: No Crypto Coverage
A recent ruling by the Fourth Circuit Court of Appeals has clarified that homeowners insurance policies do not cover the...
Safeco Buys Main Street
Liberty Mutual’s Safeco Insurance has announced a significant agreement to acquire the personal lines business of Main Street America, marking...
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