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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.
Slower Growth in Non-Life Insurance Premiums Reported for July
In July 2024, the non-life insurance sector reported a premium total of ₹29,032.29 crore, marking a 9.3 percent increase compared...
Read moreAuto & General Secures 10-Year Deal to Underwrite Coles Insurance
Auto & General has secured a significant new role in the insurance market, taking over the underwriting of Coles insurance...
Read morePet Insurance Market Expected to Surge with 8.1% CAGR by 2032
The global pet insurance sector, valued at $6.05 billion in 2018, is set to expand to $18.11 billion by 2032,...
Read moreD&O Market Experts at Odds over Whether Rate Cuts Will Stop
The directors and officers (D&O) liability insurance market experienced notable softness during the January 1 renewals, a trend not seen...
Read moreGlobal Insurance Spending Expected to Approach $10 Trillion by 2028
The global insurance industry, encompassing both life and non-life sectors, is on track to reach unprecedented spending levels, with projections...
Read moreNationwide Reveals Hambone Award Finalists
Nationwide has unveiled the finalists for this year's Hambone Award, a distinctive accolade that honors the most bizarre pet insurance...
Read moreTravel Insurance Claims Surge in 2023, Reveals ABI Report
The Association of British Insurers (ABI) has released its latest travel insurance claims report for 2023, revealing a substantial increase...
Read moreHuize and CPIC P&C Unveil “Little Scholar” Student Accident Insurance
Huize Holding Limited (NASDAQ: HUIZ), a prominent insurance technology platform in Asia, has announced a new partnership with China Pacific...
Read moreIgloo and TrueMoney Collaborate to Launch Health Insurance Products in Thailand
Igloo has joined forces with TrueMoney, a prominent e-payment and financial services provider in Thailand, to offer a range of...
Read moreMarsh Unveils $50M Insurance Facility to Address Port Disruptions
Insurance broker Marsh has introduced a $50 million insurance facility designed to mitigate the impacts of port blockages affecting global...
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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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