Oil crisis precipitated by the US-Iran War has hurt global growth prospects and has led to lowering of 2026 forecast for global growth by 0.2pp to 2.4%, according to Fitch's Global Economic Outlook June 2026.
The Insurance Council of Australia (ICA) and the Insurance Council of New Zealand (ICNZ) will jointly work to establish a Resilient Insurance Markets Initiative, a formal partnership to coordinate advocacy, share expertise, and build more resilient communities across the region.
Almost all (90%) of Chinese travellers polled take into account environmental risks and extreme weather events, according to the "Global Travel Confidence Index" (GTCI) report, released by Allianz Partners. This percentage far exceeds the global average of 68%.
The Guinean Professional Association of Insurers (APAC) has launched a campaign to digitise car insurance certificates. This is a major step forward in modernising the insurance sector in Guinea.
Gallagher, the global insurance brokerage, risk management and consulting firm, has increased its investment in ACE Gallagher Holding, one of the largest and most established insurance broking firms in the Middle East & Africa (MEA). The firm is majority owned by MIG Holding and this agreement will see Gallagher increase its share from 30% to 49%.
Digital reputation risk has emerged to as one of the most complex and influential risks for insurers today, due to its ability to spread rapidly across digital platforms and potentially resulting in financial and operational repercussions that may extend for years.
Lockton Sime Malaysia has appointed Mr Siva Thangavelu as COO. He brings more than 20 years of financial services experience across banking and insurance to the role.
Regulators, investors and executive leadership teams are increasingly treating cyber incidents not as technical failures but as matters of governance, resilience and accountability.
New Zealand's insurance sector is calling on all political parties to replace the current Fire and Emergency New Zealand (FENZ) levy with a simpler Community Protection Levy, redirecting funding into reducing natural hazard risk before disasters strike while moving FENZ to sustainable Crown funding.
The Office of Insurance Commission (OIC), Thailand's insurance regulator, is continuing efforts to prepare for the assessment of its compliance with international standards on anti-money laundering and countering the financing of terrorism (AML/CFT).