BRICS member nations have called for harnessing the collective potential of BRICS to build a more self-reliant BRICS insurance ecosystem to support trade among members and enable further discussion on enhancing reinsurance capacities.
New amendments to the Taiwanese Income Tax Act, that will be effective retrospectively from 1 January 2026, will reduce the tax burden and bring relief to at least 2.37m people.
The Egyptian insurance sector reported a combined paid-up capital of EGP28.21bn ($550.33m) as of the end of 2025, compared to EGP21.53bn as of 31 December 2024, according to industry statistics.
Marsh Re has announced the appointments of Mr James Beedle to its Pacific board of directors, subject to regulatory approval, and Mr Justin Ward as CEO of APAC.
Nepal may have to incur recovery and reconstruction expenses exceeding NPR723.32bn ($4.76bn) post BhoteKoshi flash floods of 26 August 2026. According to official sources the Himalayan nation suffered actual physical and economic losses to the extent of NPR408.30bn.
The fire insurance branch has faced challenges for many years related to high and frequent losses, which require concerted efforts to improve pricing mechanisms and technical evaluation, said Dr Tarek Seif, Vice Chairman of the Financial Regulatory Authority.
In recent years, extreme precipitation associated with linear rainbands has triggered large-scale flooding and landslides, leading to more severe and costly loss events in Japan. Events such as the widespread heavy rainfall experienced during Japan's 2023 summer rainy season have demonstrated the significant losses that extreme precipitation can cause.
As the reinsurance market enters the upcoming renewal season against the backdrop of an increasingly interconnected and rapidly changing risk landscape, clients need support in in identifying evolving exposures and risk accumulations through data and analytics, underwriting expertise and tailored solutions to manage this complex environment.
At the 30th Insurance Management Development Programme (IMDP), held at the Thai General Insurance Association, Office of Insurance Commission (OIC) Secretary-General Chuchat Pramoonpol delivered a special lecture, titled 'The Direction of Regulation and Promotion of the Thai Non-Life Insurance Business'.
The Global Asia Insurance Partnership (GAIP) has announced a strategic partnership with Cathay Life Insurance, which has joined GAIP as a Principal Partner.