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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.
Farmers call for government intervention to ease soaring insurance costs
In response to recent weather disruptions, including El Niño and a severe cold front, insurance providers in the agricultural sector...
Read moreFCA Urged to Crack Down on Insurance Claims Failures
Consumer Group Demands Regulatory Action Over Poor Claims Handling Which? has called for the Financial Conduct Authority (FCA) to address...
Read moreIncoming CIIN President Outlines Ambitious Plan for Industry Advancement
Mrs. Yetunde Ilori, the incoming president of the Chartered Insurance Institute of Nigeria (CIIN), has announced an ambitious agenda aimed...
Read moreNew “Crash for Cash” Scam Targets Reversing Vans
Ageas, a leading UK motor insurer, has uncovered a troubling evolution in the "crash for cash" fraud scheme. The latest...
Read moreAdvanced Markets Poised to Contribute Half of New Insurance Premiums by 2034
Advanced markets are set to drive significant growth in global insurance premiums over the next decade, despite ongoing geopolitical tensions...
Read moreOyo State to Extend Health Insurance to 10,000 Students
The Oyo State Health Insurance Agency has announced an ambitious initiative to provide health insurance for 10,000 students across the...
Read moreSurge in Patents for Clean Energy and Carbon Capture Highlights Industry Shift
The insurance sector is witnessing a notable increase in patents related to clean energy insurance and carbon capture technologies. According...
Read moreAllianz’s Acquisition Boosts Its Position in Singapore Market
Allianz’s recent move to acquire a 51% majority stake in Singapore’s Income Insurance for $1.64 billion (S$2.2 billion) is set...
Read moreChina’s Disaster Insurance Strained by Extreme Weather
China's insurance sector is under growing pressure due to extreme weather events like droughts, floods, and landslides. Despite improvements, China’s...
Read moreAgile Names New Compliance Chief
Agile Underwriting Services (Agile) has announced the appointment of Matthew Rowan as its new Group Risk and Compliance Officer, effective...
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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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