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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.
GK General Insurance Extends Deadline for Hurricane Beryl Claims
GK General Insurance (GKGI) has announced an extension to the deadline for submitting Hurricane Beryl claims, now set for Tuesday,...
Read moreNew York Car Insurance Rates Set for Modest Increase, National Rates Surge
New York, NY — New projections indicate that car insurance rates in New York are set to rise by 4...
Read moreUPMC Faces $313M Operating Loss Amid Rising Costs and Restructuring
UPMC, a prominent 42-hospital network, reported a significant $313 million operating loss for the first half of the year, marking...
Read moreAPRA Unveils Four-Year Strategy to Strengthen Financial Sector Stability
The Australian Prudential Regulation Authority (APRA) has announced its Corporate Plan for 2024-25, outlining a comprehensive strategy aimed at fortifying...
Read moreIFRS 17 Adds Complexity to Already Challenging Reinsurance Market
The insurance industry faces a transformative period with the adoption of International Financial Reporting Standards (IFRS) 17, which replaces the...
Read moreTrump Proposes Government-Funded IVF Treatments Amid Abortion Debate
In a significant announcement at a campaign rally in Potterville, Michigan, former President Donald Trump declared that under a future...
Read moreIndia’s General Insurance Sector Poised for Robust Growth in 2024
India's general insurance sector is set to experience significant expansion, with a projected growth rate of 11.2% for 2024. This...
Read moreAmericans Outspend Asians on Insurance by 30-Fold, Gap Set to Widen
As the global insurance landscape evolves, a striking disparity in per capita spending between Americans and Asians has come to...
Read moreBanana Farmers Demand Urgent Resolution of Insurance Claims in Kathmandu
Chitwan, August 29, 2024 – Banana farmers from Chitwan are in Kathmandu this week, expressing their frustration over the prolonged...
Read moreReinsurers’ Capital Projected to Hit $625 Billion by Year-End
Reinsurers' capital is on track to reach $625 billion by the end of 2024, driven by increased retained earnings and...
Read moreRecent Posts
Sun Hung Kai Properties Insurance Maintains Strong Underwriting Profitability
Sun Hung Kai Properties Insurance Limited (SHKPI) is poised to maintain its financial stability, bolstered by a solid operating performance...
National Insurance Hike Puts Pressure on Charities and Childcare Providers
Charities and childcare nurseries across the UK are expressing outrage over a planned increase in National Insurance Contributions (NICs), which...
Cathay and Zurich Collaborate to Offer Insurance Solutions with Asia Miles Rewards
HONG KONG – Cathay Pacific and Zurich Insurance (Hong Kong) have teamed up to introduce a new initiative that allows...
MSIG Launches TravelEasy Flex: A Customizable and Affordable Travel Insurance Solution
SINGAPORE – MSIG Singapore has introduced TravelEasy Flex, a new travel insurance plan designed to meet the evolving needs of...
Ping An Life Insurance Increases Stake in ABC’s H-Shares to Over 9%
Ping An Life Insurance, a subsidiary of Ping An Insurance (02318.HK), has increased its holdings in the H-shares of Agricultural...
South Korea to Launch Task Force on Insurance Sales Commission Reforms
South Korea's financial authorities are preparing to announce a significant reform plan aimed at enhancing transparency in the insurance industry....
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